When Hollywood scriptwriters pitch their movie ideas to studio executives, it’s common practice to draw on the familiar in order to quickly and effectively describe the next mega blockbuster. In the financial world, XRBL is no doubt the next big thing. To draw on the above reference, the future of XBRL is like Wall Street meets the DaVinci Code. With that visual, my mind goes to Michael Douglas and Tom Hanks feverously tagging financials, saving the world, all the while questioning current financial dogma and redeeming the Gordon Gecko’s of the world, one XBRL element at a time. Read the rest of this entry »