Before XBRL,external users of financial information:
A)manipulated PDF documents to obtain the information they wanted
B)used XML decoding tools to obtain the information they wanted
C)had to identify and re-input data before undertaking financial analysis
D)all of the options are correct

Question

Quizplus · Accepted Answer

Before XBRL, the external users had to identify and re-input data before undertaking financial analysis. XBRL eliminates the need for manual re-entry of data and allows direct access to financial information in a standardized format. Option A and B are incorrect as they refer to methods that were not commonly used before XBRL was introduced.

Before XBRL,external Users of Financial Information