About XBRL (eXtensible Business Reporting Language)

XBRL is an open international digital standard language for business reporting, managed by International, a global non-profit consortium. It stands for eXtensible Business Reporting Language. This one is a worldwide language that is used in more than 50 countries. Millions of these documents are generated every year. In essence, It provides a language in which reporting terms can be formally defined. Those terms can then be used to uniquely represent the content of financial statements or other types of compliance, performance, and business reports. This reporting allows information to move across organizations quickly, accurately, and digitally. Changing from paper, PDF, and HTML-based reports to XBRL is upgrading versions of reporting. The new format allows you to do everything that was previously possible, but also opens up a range of new capabilities because the information is clearly defined, platform-independent, testable, and digital. This computer-based language is more accurate and more efficient reporting for businesses. It is an eXtensible Business Reporting Language which is a software standard developed to improve the way financial data is communicated, making it easier to collect and share this data. Specifically, Extensible Business Reporting Language is an implementation of XML (Extensible Markup Language), a specification used to organize and define data online. Basically, it is A computer coding language commonly used in business to transfer files, data, and communications from one company to another. In a particular way, Extensible Business Reporting Language is marking up and describes business reporting data such as sales or net assets for data-formatting conventions and vocabulary. It is a tag-based XML. Descriptions in the form of tags or labels are attached to various pieces of business data. These tags describe the particular piece of data which is in terms of an agreed vocabulary. That vocabulary is referred to as the taxonomy which is a specific system of tags. Once an organization has the appropriate taxonomy that can report for XBRL. organizations can more easily get and share that reporting data within and across organizations. These aware applications can take advantage of the high level of specificity and self-describing nature of tags to automatically process information for reporting and analysis purposes. Often referred to as “bar codes for reporting,”. It makes reporting more accurate and efficient. It has unique tags to be associated with reported facts which allow, Comprehensive definitions and accurate data allow: All kinds of business reports are prepared by using this business language. In addition, when it allows the exchange of summary business reports such as financial statements and risk and performance reports, Extensible Business Reporting Language can allow the tagging of transactions that can be integrated into XBRL reports. These transactional capabilities allow for system-independent exchange and analysis of significant amounts of supporting data, and reporting can be the key to supply chain transformation. These transactional capabilities are system-independent exchanges. This International Consortium is supported by over 600 member organizations from the private and public sectors. The standard has been developed and refined over more than a decade and supports almost every type of report imaginable, providing features that enhance the quality and consistency of reports as well as their usability. Companies Governments Regulators: Analysts and Investors Excel Import – Export • Import-Export functionality through Excel templates • Download the templates with or without data. • Quickly upload or edit data by importing pre-filed Excel templates. Interlinking Audit Trails Simplified Work Auto Calculation This computer-based language allows the creation of business rules that limit to what can be reported. These logical or mathematical business rules can be used to: ONLINEXBRL.COM provides complete assistance in the preparation of reports for XBRL filing. We also check applicability of XBRL for all types of companies to avoid non compliance. About XBRL Meaning
Filing Procedure for XBRL
What does XBRL work for?
Who Can Use XBRL?
Vital Features of XBRL
Rules of Testable Business