Which of the following statements is incorrect?
A) There are two main ways to code the financial accounts using XBRL.
B) There is debate in the accounting information systems community as to where to tag data.
C) Attaching XBRL to the accounting system is currently the most common method used.
D) Coding accounts once they have been produced impacts on core processes and the data quality that will result.

Question

Quizplus · Accepted Answer

While companies get to grips with XBRL, the most common method used is to attach XBRL tags after the financial accounts have been produced.

Which of the Following Statements Is Incorrect