The Japanese Institute of CPAs has produced a sweet cartoon explaining XBRL for newbies like Mr. Sato. This introduction makes a number of useful points, especially about the differences between HTML (rendering data) and XBRL (contextualizing data) and the potential for XBRL-tagged report data to improve analyst productivity and facilitate the automated auditing of data and translation of data labels between jurisdictions. Whether you are or not, Mr. Sato seems won over by Mr. Suzuki’s compelling pitch and actually quite starry-eyed about the utility of XBRL, as this image shows:
mr sato does XBRL
Tags: Japan
