Corporate Financial Management
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Integrated XBRL Solution Delivers Strong ROI at Anadarko Petroleum
Article on Controller's Report, Staying in Compliance • posted 01/22/12
For public companies, in 2011 the SEC XBRL compliance mandate took effect--or grew more demanding--for all three tiers of filers. One controller explains why he his company decided to implement a single-source integrated solution, as opposed to oursourcing XBRL tagging, to meet this challenge--and reap other benefits. XBRL is not only of concern to public companies, however. As the standard goes global, it makes sense for controllers at private companies to adopt XBRL and realize the many advantages of interactive data for the internal financial systems of their companies--including to improve the accuracy, useability and speed of reporting and internal analysis.
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