ACCT 6230 Week 11 (1)

Week 11 Assignments – XBRL

DUE DATE: Sunday midnight of Week 11, submitted in a MS Word (or Excel if

computations required) document with filename format:

Last First_Week X hwk.doc or .xls Make sure your name appears on each page of the

homework using the header function.

Homework questions:

1. Check out the IDEA website (http://idea.sec.gov/idea/searchidea/what_is_idea.html also

on the Weblinks tab). If you were an investor, how do you think having access to this

type of data would benefit you-or not? Will ordinary people be able to use this?

2. Do you think the costs of implementing and reporting in XBRL will be offset by savings

provided from electronic access to data?

3. Do you think most companies will outsource the tagging of their data, or purchase

software and do their own tagging? What difference would each method make in their

decision?

4. What is your opinion about XBRL? How might this help you in your current or future

(when you graduate) position?