XBRL bolt-on tagging permits companies to make more extensive use of XBRL for internal decision making.

Question

Quizplus · Accepted Answer

XBRL bolt-on tagging is primarily designed for external financial reporting and does not inherently facilitate more extensive internal decision making use. It involves adding XBRL tags to financial data after it has been prepared, mainly for compliance and reporting purposes, rather than enhancing internal analytics or decision-making processes.

XBRL Bolt-On Tagging Permits Companies to Make More Extensive Use