XBRL or Customized XML?: Choosing the Right Electronic Business Reporting Technology to Meet Your Needs - The First Time
A common decision facing organizations implementing Information Technology (IT) systems for business reporting is the selection of the appropriate technology standard to represent the information being reported. This discussion frequently focuses on whether to develop customized software using eXtensible Markup Language (XML), or whether the project would benefit from the additional richness of information that can be expressed by using the freely available open standard eXtensible Business Reporting Language (XBRL). This paper is intended for decision makers involved in the planning or approval of projects that could potentially use XBRL. It is at a high-level such that a technical understanding of XBRL and XML are not necessary.