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As learned in this chapter, accountants and financial analysts around the world have agreed to use XBRL to format financial statements and other reports. In about 200 words, outline the advantages that companies and financial analysts obtained by using the XBRL standard to replace printed reports and data formatted for download into spreadsheets software (such as Microsoft Excel). You can research this subject in your school library or online using your favourite search engine and the links provided for this exercise in the Web links.

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Operation Management, Management Studies

Category:- Operation Management
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