Please refer to the student instructions for the ViewDrive analytics case using Alteryx, Excel Power Query, or Tableau Prep for detailed step-by-step instructions on how to perform the ETL process (see Appendix A for the links to the downloadable tutorials).

Responses should contain discussions that XBRL had the potential to enhance the usefulness of financial reporting information because it standardizes and makes the reports machine-readable, which results in more comparable and accessible financial reporting to stakeholders. The SEC hoped to increase transparency, comparability, and allow financial statement users to efficiently access and evaluate data.

Instructors may find the blog post by Hoffman and Watson (2020) and its illustration of XBRL concepts and components helpful to further describe the XBRL components. See Figure 1.

Students may name a variety of challenges such as integration of XBRL mapping tools with accounting software, insufficient staff with expertise, low level of adherence to...

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