AIS and XBRL – Designing With Best Practices AIS and XBRL – Designing With Best

AIS and XBRL – Designing With Best Practices
AIS and XBRL – Designing With Best Practices
Overview
Shah presents 23 best practices to
implement and examine how the shape of regulatory data collection
process may change in the future through using extensible business
reporting language (XBRL).
Read this article before you begin your assignment:
The
Road to Making Regulation More Efficient: A Case Study in the
Application of Best Practices and Data Standards in Regulatory Reporting. (Article is attached below)
Instructions
Write a 4–5-page paper in which you:
Research an existing small to medium-sized business that does not
have an established accounting information system (AIS). Make sure you
clearly identify what business line, product type, and market position.
Implement at least 5 of the 23 best practices in the reporting
process within the organization. Provide details to either enforce
existing practices or introduce them if they do not exist. You can
select any practices you like.
Explain the impact of the best practices you selected on the
reporting process. Describe how the best practices align with the XBRL
application.
Explain how the best practices would impact the business’s operations and decision-making processes.
Use at least five quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.