Charlie Hoffman, considered the father of XBRL, and Liv Watson, one of the pioneers in the field, and also associated with India based IRIS, a global leader in business and financial information products, recently co-authored, a book `XBRL for Dummies`, the first edition of which was published on October 2009, by John Wiley & Sons.

The Hoffman and Watson book is a perfect guide to help you understand XBRL. The book will tell you what it is, why it is, and how you can get on the bus with this new business reporting standard. It will help you learn to prepare financial statements with XBRL, use it for strategic planning, move all relevant departments in your company to the same system, and more.

The book will assist you to choose from and adapt existing XBRL taxonomies to comply with US GAAP and IFRS standards. The topics also include how to adapt your existing financial information into XBRL.