In Search of ROI for XBRL.

The article discusses how the eXtensible Business Reporting Language (XBRL) would benefit the world of accounting. Successful internal use of XBRL at the Wacoal Corporation demonstrated the use of the reporting language as a way to bridge the gap between legacy and new systems. Experts say cost reduction can be achieved by using XBRL for everyday business decisions and buy improving the business rule checking for inputs.