How does XBRL contribute towards reduced data manipulation?
A) XBRL takes every item that appears in a set of financial statements, including the discussion and analysis, and applies a tag to it.
B) XBRL eliminates the need to manipulate the data into different formats to suit different users' requirements.
C) XBRL eliminates the need for companies to maintain separate documents for each reporting requirement they are faced with.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the statements are ways that XBRL reduces the need for data manipulation when preparing financial reports and performing financial analysis.

How Does XBRL Contribute Towards Reduced Data Manipulation