About XBRL (eXtensible Business Reporting Language)

Admin 2023-01-19

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.

Information About MCA XBRL Validation Tool

Admin 2023-01-19

MCA XBRL Validation Tool ensures that only XBRL documents are filed with MCA under section 137 of the Companies Act, 2013. The requirements of the MCA Validation Tool are a very essential thing for improving the quality of financial information/disclosures in XBRL. Successful validation of sample documents is a pre-requisite before filing the balance sheet and profit and loss account on the MCA portal. It also noted the mere successful validation of an XBRL document by the MCA validation tool.

Get in Detail About XBRL Full Form

Admin 2023-01-19

XBRL full form is a short form of an electronic business language. This one is an electronic communication business. It is very useful for the preparation, analysis, and communication of business information. Traditional business reporting does in various forms viz. Printed financials, spreadsheets, PDF documents, HTML, etc. All these forms are human-readable and can be interpreted by humans or systems with human intervention.

Applicability of XBRL Filing and Exemptions

Admin 2023-01-19

Applicability of XBRL Filing under Companies Act with the provisions and rules thereunder mandate companies to file compulsory documents, including financial statements and returns. XBRL is an extension of Extensive Markup Language, also known as XML that is the common language for sharing interactive data between entities as well as on the web.

Introduction To Structured Data Standard: XBRL Applicability

Admin 2023-01-19

XBRL is "Extensible Business Reporting Language”, is an XML- based language for tagging financial data that enables the efficient process of business in sharing of data. XBRL applicability is given under the law. XBRL allows the user to present the financial information in a computer-readable format by tagging each unit of financial information with a subject identified through terms of accounting standards and tax concepts.

Significance of applicability of xbrl for Different businesses

Admin 2023-01-19

XBRL is the language that is data-rich XML which is the common dialect used to transmit data through the internet. XBRL stands for Extensible Business Reporting Language. The Applicability of xbrl was created to exchange information between businesses and other users of financial information like analysts, investors and regulators.

XBRL Service- Fulfilling The Financial Needs of the Business

Admin 2023-01-19

The invention of XBRL Services happened when a group of accountants and technologists came together with the common mission to create open, royalty-free software based on XML. As a business owner, you know that having access to accurate and up-to-date financial information is essential for making smart business decisions. But what if there was a way to have that information at your fingertips, anytime, anywhere?

XBRL Filing Services in India- Connect To Leading Platform

Admin 2023-01-19

Have you been wondering if you should be using XBRL filing? It may seem like a complicated process, but it’s really not that difficult once you know what to do. In this blog post, we’ll walk you through the basics of XBRL filing services in India and show you why it’s a great option for business owners.

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