Financial Analysis Made Simple

I just got done reading an article regarding on XBRL which stands for eXtensible Business Reporting Language. It "tags" financial information that is released by public companies so that people will be able to analyze their financial information with ease. By tagging certain information like net income, then one would be able to pull that income from various companies at once rather than having to open a variety of files. More information can be read about it in this Telegram article.