XBRL(Contd) - XBRL(Contd HowdoesXBRLwork HowdoesXBRLwork XBRL is a royalty-free open standard Not Proprietary Similar to supermarket bar code

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XBRL (Contd.)
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How does XBRL work? How does XBRL work? XBRL is a royalty-free, open standard XBRL is a royalty-free, open standard Not Proprietary Not Proprietary Similar to supermarket bar code system, XBRL gives a universally understood Similar to supermarket bar code system, XBRL gives a universally understood context-based tag for every line item, term or concept used in a data system context-based tag for every line item, term or concept used in a data system Computers can read tagged items, just as scanners read bar codes Computers can read tagged items, just as scanners read bar codes Can translate an item tag into a word or term used by a different data system. Can translate an item tag into a word or term used by a different data system. Result is a universal language of interactive data that can be read across Result is a universal language of interactive data that can be read across different systems and applied to various uses (e.g., down-loaded into different systems and applied to various uses (e.g., down-loaded into spreadsheets, reorganized in databases) spreadsheets, reorganized in databases) 2
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How does XBRL work? How does XBRL work? 3 XBRL Element Financial Reporting Concept Basic Attributes Relationships To other Elements & Information Goodwill Goodwill
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How does XBRL work? How does XBRL work? 4 XBRL Element “Goodwill” Basic Attributes Data type Balance Type Period type Description Tag Name (computer readable) Label (human readable) Monetary / String, etc. Debit / Credit Instant / Duration “The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed.” IntangibleAssetsGoodwill e.g. - “Goodwill”
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How does XBRL work? How does XBRL work?
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This note was uploaded on 08/02/2011 for the course MGMT 680 taught by Professor Khan during the Spring '11 term at Chapman University .

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XBRL(Contd) - XBRL(Contd HowdoesXBRLwork HowdoesXBRLwork XBRL is a royalty-free open standard Not Proprietary Similar to supermarket bar code

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