Why XBRL?

The global XBRL movement has ushered in a new age of financial reporting. XBRL, often referred to as "Interactive Data", gives the financial community a standards-based method to prepare, publish, exchange, search, and analyze financial statements of both public and private concerns – across all software formats and technologies.

XBRL standards have been mandated by various regulatory bodies throughout the world, and in December 2008, the U.S. Securities and Exchange Commission mandated its use by public companies and mutual funds for reporting financial statements.

XBRL frees data from paper-based reports and allows it to flow seamlessly between XBRL-enabled software applications. It automates financial analysis. Computers can intelligently "read" an XBRL report to select specific data, pull it into documents and spreadsheets, analyze it, exchange it with other computers, and present it in a variety of formats. This can all take place in real time, allowing users to instantly compare hundreds of companies, industry sectors, topics, and issues, with automatic updates.

XBRL data is more robust, accurate, and transparent than data in financial statements that appears in legacy electronic and paper reports. For investors and analysts, XBRL eliminates the time, labor, and errors. XBRL tags both numbers and textual information, which means not only balance statements, but information such as statement of principals. and Even footprints, appendices, and updates, is accounted for, to aid in internal audits and external research and analysis.

We hope this website helps demystify XBRL for you. Please explore all aspects of the site to experience the power of XBRL today.