Final answer:
Becoming familiar with and using XBRL-tagged financial statements as a data source for subsequent analysis is part of the interpretation stage of the IMPACT model.
Step-by-step explanation:
Becoming familiar with and using XBRL-tagged financial statements as a data source for subsequent analysis is part of the interpretation stage of the IMPACT model.
The IMPACT model is a framework used in financial analysis and forecasting, consisting of five stages: Identification, Measurement, Prediction, Analysis, and Communication/Interpretation. In the interpretation stage, analysts analyze the data and draw conclusions based on the information obtained from financial statements.
By using XBRL-tagged financial statements, analysts can easily extract and analyze financial data in a standardized format, saving time and enhancing data accuracy.