How is XBRL implementing financial reporting technology in India? Extensible Business Reporting Language is one of a family of “XML” languages that is a standard means of communicating information between business and via the Internet. XBRL can be used to express a wide range of reports and disclosures including financial statements‚ internal management information‚ credit filings and statistical reports. XBRL international is a non-profit consortium whose members include approximately 300 leading
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relative terms‚ it wasn’t long ago that the Information Technology department might have consisted of a single Computer Operator‚ who might be storing data on magnetic tape‚ and then putting it in a box down in the basement somewhere. The history of information technology is fascinating! Technology is the branch of knowledge that deals with the creation and use of technical means in order to solve a problem or perform a specific function. Information technology is a wide field‚ and has enabled organizations
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invention like the iPod. Only radical inventions are successful and worthy of commercialization. I can then make lots of money along the way and become rich.” Do you agree with this comment? Which part do you agree with and which don’t you? Why and why not? Give examples to support ur ans. First of all‚ the iPod is not a radical innovation. It is an architectural innovation‚ which means that it uses technology that was already present in the market‚ but in a different working system. Radical innovations
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Chapter 3 Purchasing and e-Procurement 3.1 The Role of Purchasing 3.1.1 Introduction to purchasing The role of purchasing is to obtain raw material‚ components‚ parts‚ as well as information that are needed for the production of goods or providing services. The purchasing process includes many aspects‚ such as request for quotation (RFQ)‚ supplier market analysis‚ supplier selection‚ contract negotiations‚ and purchase plan implementation. The purchase function plays a liaison role between various
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INFORMATION TECHNOLOGY: THE PARENT OF MANAGEMENT INFORMATION SYSTEM Many people use the terms management information systems and information technology interchangeably and think they mean the same. Although both are required to run a business’ infrastructure and other processes‚ the two also have separate functions. Management Information System‚ or simply MIS‚ is the process of providing support to organizations with the use of daily reports‚ schedules‚ plans and/or budgets. Information Systems
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INFORMATION TECHNOLOGY AND LOGISTICAL MANAGEMENT Table of Contents Introduction 3 The Business Problem 4 Information Technology and Business 6 Reducing Times 8 Conclusion 9 Introduction Throughout the years‚ communication has been a very important part in the development of the United States. Without proper communication‚ the United States would most likely not be the first world potency
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The technology I have chosen to look at in this report is Executive Information Systems (EIS) and I will focus on its impact upon the automotive industry. I will firstly introduce EIS and the automotive sector‚ then assess the impacts that implementing EIS would have‚ try to recommend the best course of action when introducing EIS and finally try to sum up the implementation of this technology in an executive summary. Introduction The term "Executive Information System" was first coined in
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Telework and Technology By Ronnisha L. Mosley IS535 –Managerial Applications of Information Technology DeVry University February 19‚ 2012 Table of Contents Proposal 4 Introduction 4 Business Problem 4-5 Benefits of Solution 5-6 Approach 6 Target Audience 6 Milestone 1 7 Company Background 7 Business Issues 7-8 Benefits of Solving Problem 8-9 Proposed Technology Solution 9 Milestone 2 10 Detailed
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collecting the information about it. In addition‚ to the cost of that vacation‚ the budget is a very important issue to decide the possible destination. Every one looks to the dream vacation but we have to adapt it to our budget. The people with a low budget have limited choices or ability to enjoy their vacation in their countries. On the other hand the people with a high budget can visit variety of places. The vacation will be affected directly by type of budget: low budget‚ medium budget‚ and high
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Thailand and Turkey. Question 2. The financial statement of the Tesco PLC have audited for the financial year ended 23 February 2013 which includes the Group income statement‚ the Group statement of comprehensive income‚ the Group balance sheet‚ the Group statement of changes in equity‚ the Group cash flow statement and the related notes. The financial reporting framework that has been applied in their research is relevant law and International Financial Reporting Standards (‘IFRS’) as adopted
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