But I just learned HTML

What is a telltale sign that a subject has arrived?
NOV 25, 2009
By  Bloomberg
What is a telltale sign that a subject has arrived? One is the availability of a "For Dummies" book, those ubiquitous tomes with the black and yellow cover. Apparently, that time has come for extensible business reporting language, or XBRL. While you won't find it in bookstores just yet, the XBRL business unit of Hitachi America Ltd. of Santa Clara, Calif., has teamed up with Wiley Publishing Inc. of Indianapolis to produce a free, limited-edition "XBRL for Dummies" release. "We're certainly not the first book on XBRL out there, but so many books focus on technical aspects, and they just don't appeal to a broader audience," said Wilson S. So, co-author of the book with Peter Weverka and director of Hitachi's XBRL business unit. Mr. Weverka is a freelance writer based in San Francisco who has written 37 computer books, many of them as part of the Dummies series. Mr. So has been involved in the development of XBRL since 2002 and said that the book makes the topic approachable. "You don't need any sophistication in terms of your understanding of XBRL to understand the book. It is really written in terms a layman can understand," Mr. So said. The book is just 84 pages and is at times an entertaining read. Its short chapters range from the opening, "What is XBRL?" to a chapter dedicated to its benefits and another to the challenges of the technology. There is also a chapter titled "Ten (or So) Metaphors for Understanding XBRL." A sampling of the latter includes descriptions of XBRL as "the Napster of investing" and as "information bar-coding." The book's popularity has caught its publishers by surprise. "It has come as a bit of a surprise for us, especially [the] interest from those outside the United States. We've given out 2,500 books so far," Mr. So said. For more information and to get a copy, go to xbrlfordummies.com.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave