Dear TSP Members: Great article in Strategic Finance Magazine in October on Internal Reporting using XBRL for General Ledger by Nicola Dallas Via and Gianluce Garbellotto
XBRL can also be used for internal reporting and efforts are underway using XBRL for the General Ledger of companies. Fujitsu, the world’s fifth-largest IT company is using XBRL for internal reporting and has the following case study discussing its benefits and use in the organization world-wide for internal reporting
Berner goes on to say – “The LEI system also generates efficiencies for financial companies in internal reporting and in collecting, cleaning, and aggregating data.”
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