Chapter 9xB 17 c Free themselves from and software that are

Chapter 9xB 17 c. Free themselves from_ and software that are difficult and costly to replace. d. Greatly reducein e. Improve through provision of more information. f. Make better use of??to improve- g. Make more effective use of the in h. Obtain_data on company financial performance. i. Save costs by and auta j. Simplify the process and reduce the costs involved in to tax and other authorties. ecedng many Terminology: Please match each item on the left with the most appropriate item on the r ght. I Context 2 Cost savings and improved needed a. The quality of XBRL that allows users to add tags as investor relations 3 Extensible 4 IFRS taxonomy 5 Instance document 6 Namespace 71 Periodic review and approval b. The relationship between XBRL and the Extensible Markup Language c. US GAAP 2009, for example d. www.xbrl.org/TaxonomyRecognition/MIX/2009.xsd for example Microsoft\'s balance sheet, labeled as \"interactive dah\" in EDGAR What XBRL provides for financial information e. of taxonomies used 8. Specification 9.Taxonomy 0. XBRL-GL f. g. An XBRL taxonomy focused on the chart of accounts, h. Released annually with updates to XBRL and relevant i. j. journal entries, and similar items accounting principles Benefits of XBRL An internal control for XBRL uliple choice quemious This series of questions deals with XBRLe onomy. Before attempting to answer tihem, pomt al Ledger your Web browser to the 4 February n YRRI. Use the link provided to access the presentation

Solution

This series of questions deals with XBRL Terminology.

1. Context : option f. What XBRL provides for financial information.

2. Cost Savings and improved investor relations : option i. Benifits of XBRL

3. Extensible : option a. The quality of XBRL that allows users to add tags as needed

The characteristic of XBRL that allows users to create new tags as the need arises.

4. IFRS Taxonomy : option h. Released annually with updates to XBRL and relevant accounting principles

5. Instance Document : option e. Microsoft balance sheet labeled as \"interactive data\" in EDGAR

A specific exampe of properly tagged XBRL information.

6. Name Space : option d. www.xbrl.org/TaxonomyRecongnition/MIX/2009.xsd for example

An XBRL dictionery. This is an Inherent location that defines some of the tags used in taxonomy.

7.Periodic Review and approval of taxonomies used : option j. An internal control for XBRL

8. Specifiication : option b The relationship between XBRL and the Extensible Markup Language

9. Taxonomy : option c. US GAAP 2009, for example

The Organisational unit of XBRl. Taxonomies typically are linked to industry groups,such as commercial,idustrial or investmental management.

Two Braod types :

i Acknowledged IFRS

ii. Approved SEC.

Examples :

i. US GAAP Taxonomy 2015

ii. US SEC Certification Taxonomy 2016

iii. XBRL Global Ledger Taxonomy.

10. XBRL-GL : option g. An XBRL taxonomy focused on the chart of accounts,journal entries, and similar items.