I had a chuckle when I read a recent Business Finance magazine blog post Can XBRL finally automate finance by Alan Radding. Partly because this was not framed as a question (no ?), which was odd, but mostly because it reminded me of my own article for Business Finance back in November 1999 called XML means Business that included an example ‘XML-based’ financial statement generated from the FRx report writer. This must have confused the hell out of my accounting readers but was something that I thought was very cool at the time (sad isn’t it?). Over a decade later, I’m still convinced that XML means business and that XBRL can automate finance but it’s certainly turning out to be a longer haul than I expected.

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