It may be hard to imagine a financial reporting language having a home on a network popularized by talking animals and David After Dentist, but XBRL has found its place in the video realm. This week, in part two of our efforts to further your XBRL education, we’re looking at some of the best, funniest, and most helpful videos YouTube has to offer on the subject. Once you’ve seen some of our suggestions, go ahead and leave us a comment or two recommending some of your top picks, and as always, feel free to ask your XBRL questions!
The MACPA put together this charmingly cheesy video explaining the absolute basics of XBRL. The prevailing topics cover what the language is, why we use it, and what the standard benefits of such a tagging language are. Admittedly, if you have been a faithful reader of this blog, you won’t find much new information here, but the video does serve as an excellent tool to explain the concept to new company hires, or to give you a concise way to explain your business title at the next conference you end up at.
In this video interview, MACPA member Bill Sheridan speaks to Louis Matherne, the FASB’s Chief of Taxonomy Development. Matherne weighs in on the importance of XBRL for financial reporting, as well as some of the less conventional uses for the tagging language. He also stresses the importance of improving your knowledge of XBRL, whether you are a CFO, or a low-level accountant. According to Matherne, a high understanding of XBRL can grant huge opportunities and benefits.
Avoiding Common Errors in XBRL is a long title, and a longer webinar, but this YouTube recording compacts a ton of information in a relatively short space. In around 50 minutes, this in-depth presentation will help you turn around unimpressive reports, and can help you avoid some of the most frequent reporting errors. Whether you are attempting to handle reports on your own, or are looking to outside help, this webinar can save you time and money, with no more hassle than sitting in front of a monitor.
Merrill Corporation is proud to offer XBRL Complete, a suite of services that meets - and has options to exceed – the mandated requirements for XBRL for mutual funds. For more information, please click here or call 866-367-9110.
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