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Microsoft Becomes First Technology Company To Report Financials in XBRL Standard | |
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| Time: 09:45 EST/14:45 GMT | News Source: Microsoft Press Release | Posted By: Byron Hinson | ||
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Today at the International XBRL Conference and Steering Board meeting in Berlin, Microsoft Corp. continued to demonstrate leadership in financial reporting by announcing that it has become the first technology company to publish its financial statements on the Internet using Extensible Business Reporting Language (XBRL) an XML-based framework for financial reporting. By publishing financial statements in XBRL, Microsoft is providing easier access to the company’s financial data and more efficient analysis capabilities to investors, analysts, accountants, regulators and others in the financial supply chain. The company’s second-quarter earnings results, as well as the first- and second-quarter 10-Qs and fiscal year 2001 10-K statement, are published as XBRL documents on its Web site at http://www.microsoft.com/msft/. | ||
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