Michael and Michelle Are Partners in M & M Consulting

question 33

Essay

Michael and Michelle are partners in M & M Consulting, a firm that specializes in technology-related issues for accounting information systems. They are currently working with a large publicly-traded corporation to implement XBRL for financial reporting to the SEC. The partners are illustrating XBRL to the client's board of directors using a purchase order as an example.
-A member of the board expressed concern about the technical aspects of XBRL.-specifically, the time involved in creating tags and the possibility for error. Identify two software tools that can help create XBRL tags automatically.

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Definitions:

Business-to-Business Marketing

The marketing of products or services to other businesses or organizations.

Not-for-Profit Organizations

Not-for-profit organizations are entities that operate for purposes other than making a profit, focusing instead on social, educational, charitable, or other activities serving the public interest.

Institutional Marketing

Marketing strategies and efforts focused on creating awareness and selling products or services to large organizations rather than individual consumers.

Organizational Buyers

Entities such as businesses, governments, or institutions that purchase goods or services for use in the production of other goods and services, for resale, or for general operations.