What Is Xbrl Filing?
Section a – Xbrl Filing of Financial Statements Xbrl Is the Acronym for Extensible Business Reporting Language. as the Name Itself Suggests, It Is a Language...
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Similarly, you may ask, what is XBRL and how does it work?
XBRL enables preparers to utilize software to tag all financial items in their business reports to the elements within a taxonomy. This is accomplished with an Instance Document which can be electronically exchanged and validated between computers or viewed in a human readable format (this is called rendering).
Additionally, why is XBRL used? XBRL is used around the world, in more than 50 countries. In a nutshell, XBRL provides a language in which reporting terms can be authoritatively defined. Those terms can then be used to uniquely represent the contents of financial statements or other kinds of compliance, performance and business reports.
Beside this, what is an XBRL file?
Document written in eXtensible Business Reporting Language (XBRL), an XML-based language; contains business and financial data, such as balance sheets, ledgers, and financial statements; used for communicating and exchanging business performance reports; commonly uses the .
When XBRL filing is mandatory?
XBRL Filing is mandatory for running the business. Ministry of Corporate Affairs has issued Notification on 06th November 2017 in respect of explanation on obligatory applicability of XBRL Filing on particular Companies.
How do I open XBRL files in PDF?
- Step 1: Download the required documents from MCA website.
- Step 2: Download the XBRL Validation tool.
- Step 3: Select the appropriate taxomony.
- Step 3: Upload the document.
- Step 4: convert XBRL File to PDF.
