Which of the following is the best benefit of using integrated XBRL tagging?
A)It is an additional cost to meet mandated requirements.
B)Permits companies to make more extensive use of XBRL for internal decision making
C)Enables the user of spreadsheets to track data
D)Enables the data to be retrieved from the database before adding the XBRL tags

Question

Quizplus · Accepted Answer

Integrated XBRL tagging allows companies to use XBRL not just for compliance purposes, but also for internal decision making, which can provide significant benefits in terms of data analysis and decision making. Option A is incorrect as it suggests additional costs, while integrated XBRL is intended to reduce costs. Option C is incorrect as spreadsheet tracking and XBRL tagging are not directly related. Option D is incorrect as XBRL tagging is typically done after the data is entered into the database.

Which of the Following Is the Best Benefit of Using