International Finance and Accounting Handbook

Staunch supporters of this universal business language include the AICPA and the
International Accounting Standards Committee Foundation (IASCF), both of whom
recognize the tremendous benefits that a standardized digital financial reporting pro-
tocol will bring to the business world. Many other firms and organizations understand
the advantages of having a single widely-used standard that provides clear data def-
initions. They support XBRL by actively participating in XBRL International
(www.xbrl.org), the organization that coordinates XBRL efforts worldwide.
The strength of XBRL is its simple approach: Tag the information that is com-
monly used in business reporting in a way with which computer applications can
work. The IASCF, for example, has assigned XBRL “tags” to the International
Accounting Standards. The IASB concept of “Property, Plant and Equipment” in
XBRL is ; the brackets allow an application to “read” the
XBRL tag (see Exhibits 13.19 and 13.20). When entity-specific information, such as

13.10 INTERNET DISCLOSURE 13 • 39

Exhibit 13.19 IAS Information “Tagged” in XBRL.

is associated with the

English label

"Property, Plant and

Equipment

is associated with the

English label

"Property, Plant and

Equipment

is associated with the

English label

"Property, Plant and

Equipment

is associated with the

IAS authoritative

reference "IAS 1.66.a"

PropertyPlantEquipment – tax submission

PropertyPlantEquipment – credit application

PropertyPlantEquipment – financial report

PropertyPlantEquipment – stock listing submission

Reuse

The value of "PropertyPlantEquipment" for

the entity "Globalco", Inc." according to the

numericContext "p1"

The date at which

"PropertyPlantEquipment"

=250000 is applicable

The name of the entity to which

"PropertyPlantEquipment" belongs

The currency that applies to

"PropertyPlantEquipment"

<iascf:PropertyPlantEquipmentAuto numericContent="p1"> 250000 </iascf:PropertyPlantEquipmentAuto>

<xbrli:numericContext id="p1" precision="4" cwa="true">

<xbrli:entity>

<xbrli:identifier scheme="iascf">Globalco, Inc.</xbrli:identifier>

<xbrli:segment/>

</xbrli:entity>

<xbrli:period>

<xbrli:instant>2003-12-31</xbrli:instant>

</xbrli:period>

<xbrli:unit>

<xbrli:measure>iso4217:USD</xbrli:measure>

</xbrli:unit>

<xbrli:scenario name="iascf-compliant"/>

</xbrli:numericContext>