Financial Times FT.com

Financial reporting faces up to XBRL

By Jennifer Hughes

Published: December 6 2007 02:00 | Last updated: December 6 2007 02:00

I've seen the future, and its a four-letter word.

Well, actually an acronym - XBRL, or extensible business reporting language - and it will bring about a change to financial reporting as big as that when spreadsheets replaced pen, paper and calculator.

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