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Please respond to the following, and remember to cite your sources in your answers: What value do you believe XBRL will have in a large (think

  1. Please respond to the following, and remember to cite your sources in your answers:What value do you believe XBRL will have in a large (think Fortune 500) company?  What value do you believe XBRL will have in a small (think mom/pop type of small business) company?
  2. What is the role of an actuary relative to pension plans?  Describe actuarial assumptions and how an accountant uses them in their company's financial reporting.  Be specific, give examples.

Top Answer

1) XBRL is the open international standard for digital business reporting. XBRL is now used around the world in more than 50... View the full answer

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