10 XBRL Myths Exploded

In the 11 years since I began working with the financial data standard that eventually became XBRL (eXtensible business reporting language), I've traveled a road filled with challenges, obstacles, and diversions. But the global XBRL community has stayed the course and persevered.

XBRL is a global, freely available, open data standard format that's used for the electronic transmission of financial and nonfinancial information within organizations and to external users. It's a language that bridges the gap between business systems.

And nowadays, it's everywhere.