Which types of organisations can use XBRL to save costs and improve efficiency in handling business and financial information?
A)Government agencies.
B)Non-profit organisations.
C)Publicly listed companies.
D)All types of organisations.

Question

Quizplus · Accepted Answer

All types of organisations, including government agencies, non-profit organisations, and publicly listed companies, can use XBRL to save costs and improve efficiency in handling business and financial information. XBRL provides a standardised format for financial reporting, which facilitates the exchange and analysis of financial information. This, in turn, can help organisations streamline their financial reporting processes, reduce errors in reporting, and make better-informed decisions based on financial data.

Which Types of Organisations Can Use XBRL to Save Costs