The financial reporting (disclosure) system is based on the electronic data tagging language called

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28-08-2020
Business

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The financial reporting (disclosure) system is based on the electronic data tagging language called

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topeadeniran2 topeadeniran2 · Answer 1 · 2020-09-01T02:27:07+02:00

Answer: eXtensible business reporting language (XBRL)

Explanation:

The financial reporting (disclosure) system that is based on the electronic data tagging language is referred to as the eXtensible business reporting language (XBRL).

XBRL is freely available and a global framework that is used for the exchange of business information and it also allows expression of semantics which is required in reporting of business.