Field work.
a. Interview a practicing accountant, in either a CPA firm or a corporate environment. Find out what your interviewee knows about XBRL and its advantages for accounting firms and their clients.
b. Refer to the list of XBRL tagging software at www.xbrl.org/Tools. Choose two or three of the software packages on the list; apply the software evaluation methodology discussed earlier in the text. As your evaluation criteria, use cost (weight = 5), ease of use (weight = 3), and support services (weight = 2).
c. Complete the XBRL tutorial developed by KPMG, which you’ll find at www.us.kpmg.com/microsite/xbrl/train/86/86.htm. Prepare a summary of what you learned to discuss in class.
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