217 Homework 2 Week 8
217 HW 2 Week 8:
Write a one-page summary of the assigned articles listed below
and describe how it relates to Computerized Accounting.
Assigned Article:
Peer Benchmarking Made Easy with XBRL by Ariel Markelevich, CMA,
Strategic Finance, February 2014
https://www.calcbench.com/
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Summary
The article addresses peer benchmarking and its importance to various technological practices. According to the author, many companies today are adopting peer benchmarking as it has become a key component of risk analysis and financial planning. Despite many companies adopting these measures and practices in their operations, very few reap the full or actual benefits that are associated with peer benchmarking. This is mainly because of their inability to collect peer data that would enable the process and make such benchmarking easier for the various parties in the industry.
(291 words)