Today I talk about how the XML technology may be used to simplify the electronic communication of financial documents. Corporate financial documents are commonly represented by means of balance sheets, income statements, statement of cash flows, etc. These various parts of an organization’s financial statements adhere to guidelines established by the Securities and Exchange Commission (Pakistan) or to GAAP. Since the financial documents fit neatly (most of the times) into a well-defined and laid out template, it is easy for financial documents from one organization to be useful to other organizations, stockholders or just keen individuals. H..
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