XBRL is revolutionizing business and financial reporting around the world. It is a reporting language that electronically communicates business and financial data globally.
Besides providing major benefits in the preparation, analysis and communication of business information, it also offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data, claims XBRL International.
This course will begin by recapping why and how XBRL came into existence and then defining XBRL. We will next discuss a few of the more common uses of XBRL reporting and some of its benefits.
Next, you will be introduced to how XBRL reporting works through the use of taxonomies and specifications. As part of this process, you will be provided with a glossary of the more common XBRL related terminology.
Finally, this course will provide you with a list of resources for further education and training. Objectives:
After completing this course, you should:
- Be aware of what XBRL is and the basic technology which it utilizes including the goals of its specifications and taxonomies
- Understand how XBRL can be used by CPA’s and how it will benefit them.
- Comprehend a sample code of how XBRL works
- Understand the definitions of general XBRL terminology and where you can find additional training and education
- Be aware of the history of XBRL and the overwhelming international support of XBRL by professional organizations in countries around the globe
Upon ordering this course, you will immediately receive instructions how to download the course as an Online pdf document. Included in this email will be log-on instructions for taking the certification exam. You have one year from date of purchase to complete the course.Exam Format
After you have completed reviewing the text material, you may take your exam in our convenient, untimed online format. Tests average 5 questions for each CPE credit offered. For example, a CPE test worth 20 credits would include about 100 questions.
A score of 70% or better is required to pass this course, although there is no limit to the number of times you may take the exam in order to pass.CPE Certification
When you successfully pass the exam, your Certificate of Completion will be displayed on the screen. Print it out on your printer by using the “Print” command in your web browser.
This course is accepted in all but the following states for CPE credit: FL, MN, MS, OR, SC, & TN.
Course Level: Basic
Field of Study: AccountingAbout the Author:
Colleen Neuharth McClain is a certified public accountant (CPA) practicing in the fields of financial accounting and controllership as a sole proprietor. She is a graduate of the University of Texas and has served for more than 15 years as a controller for various organizations; small and large, public and private, domestic and international.
She is now sharing her knowledge and experiences with other accountants through writing continuing education material and exam questions. Colleen has written and reviewed hundreds of exam questions for the American Institute of Certified Public Accountants (AICPA) over the past 5 years which are intended to appear in the database of potential CPA exam items.