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BPM_XML_Background - XML is a language designed to develop...

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1) XML (Extensible Markup Language) is a standard for creating markup languages that describe the structure of data. You need to have a basic understanding of what XML is and what it does for a business. Here are some options if you are not familiar with XML (first two good overview sites) a) http://www.javaworld.com/javaworld/jw-04-1999/jw-04-xml.html. b) http://www.w3.org/XML/1999/XML-in-10-points (XML in 10 Points) c) To understand how XML it is useful to look at one of the markup languages created from it. We will look at XBRL. i) XML is a universally preferred data description language used to describe the data we store, manipulate, and exchange via the web. The basis for this technology is a "tagging" process by which each value, item, and descriptor, etc. in the exchanged information can be given a unique set of tags with which to describe it. Using these tags, computer programs can read the data without human intervention. In short,
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Unformatted text preview: XML is a language designed to develop other languages, such as XBRL. ii) We have all used “tags” to exchange information. What’s your “NAME” and “PHONE” number? What is the “BALANCE” of my account? XML uses groups of tags in the form of a “Taxonomy” to describe data for a particular audience. XML taxonomies are "vocabularies" or "dictionaries" or “Schemas” created by a group in order to exchange information. Ernst & Young LLP is a founding sponsor of XBRL International which is developing Business Reporting Taxonomies ( XBRL ) . These taxonomies will be used when storing or exchanging financial and operational information internally in a company, and when reporting externally to investors, analysts, regulators and customers. Its global standards consortiums are currently developing taxonomies for both vertical industry and horizontal cross-industry groups. Check out overview of XBRL ....
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