What are the differences between XBRL and JSON?
An example of an AI chatbot conversation about XBRL and JSON data formats.
What are the differences between XBRL and JSON?
XBRL (eXtensible Business Reporting Language) is designed for financial reporting, while JSON (JavaScript Object Notation) is a lightweight data interchange format. XBRL is more structured and used for regulatory filings, whereas JSON is more flexible and commonly used in web applications.
Can you give me examples of where each format is used?
Sure! XBRL is often used by companies to file financial statements with regulatory bodies like the SEC. JSON is widely used in APIs for web services, allowing data to be easily exchanged between a server and a client.
Which one is better for data interchange?
It depends on the use case. JSON is generally better for data interchange due to its simplicity and ease of use, while XBRL is better for structured financial reporting.
Are there any tools to convert between XBRL and JSON?
Yes, there are several tools available that can convert XBRL to JSON and vice versa, such as XBRL APIs and data transformation tools.
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