Accounting students at Maharishi University are gaining certification in a new worldwide standard for exchanging financial and accounting information.
Extensible Business Reporting Language, or XBRL is required by the agencies of the U.S. government as well as a growing list of international organizations. Balance sheets and income statements are considered examples of this type of documentation. The professor of the course and director of MUM's MBA program says an XBRL certification makes students more marketable for the workforce.
â??More and more there's going to be this demand for people to know the technical standard that is required to prepare reports and communicate data to these federal agencies and as a result, we have been beginning to train our students to train for careers possibly in XBRL,â?? Andy Bargerstock, PhD, said.
The course is one credit hour and is offered two to three times a year based on the demand of students wishing to learn XBRL.