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FERF releases guide to employing XBRL.

Financial Executives Research Founation (FERF), working with FEI's Committee on Finance and Information Technology (CFIT), has released a guide to eXtensible Business Reporting Language (XBRL), "Everything You Wanted to Know About XBRL But Were AFraid to Ask: A CFO's Guide."

The white paper was written by Taylor Hawes, comptroller- global platforms and operations for Microsoft Corp., and Isaac Cheifetz, an executive recruiter from Minneapolis specializing in high technology. Both are members of CFIT.

The paper reviews the ongoing transformation of business reporting, the business case for adopting XBRL and critical factors to consider in terms of adopting it as a standard. As the authors note, "We are on the verge of a fundamental tranformation in corporate financial accounting practices," driven by increased scrutinty and regulatory oversight, as well as emerging technologies.
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Title Annotation:fei NEWS
Publication:Financial Executive
Date:Oct 1, 2003
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