The business world has been revolutionised by Extensible Business Reporting Language (XBRL) in terms of financial reporting. Which one of the following is a disadvantage of XBRL?

Question

The business world has been revolutionised by Extensible Business Reporting Language (XBRL) in terms  of financial reporting. Which one of the following is a disadvantage of XBRL?

Accepted Answer

Not all TPSs can export to XBRL.

Answer

XBRL does not allow for automated machine-to-machine communication.

Answer

XBRL has been designed in such a way that specifications do not meet the requirements of US GAAP and IFRS. 
 and IFRS.

Answer

Decrease in accuracy of reporting.

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The business world has been revolutionised by Extensible Business Reporting Lang...

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