Xbrl what is

XBRL is supported by a very wide range of software from vendors large and small, allowing a very wide range of stakeholders to work with the standard. Find out more by exploring this site. To truly understand XBRL, and to leverage and benefit from the standard we encourage everyone to join the consortium. By joining you are directly contributing to a global effort to improve reporting.

Join our Newsletter mailing list to stay plugged in to the latest information about XBRL around the world. XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.

What is XBRL? All Specifications Out for Review. Upcoming Events. XBRL uses tags to identify each piece of financial data, which then allows it to be used programmatically by an XBRL-compatible program.

XBRL allows for easy transmission of data between businesses. Imagine that you are looking at a company's financial statements online on the company's website. Traditionally, these statements would simply be in plain text. If you wanted to put these numbers into a spreadsheet file to run analysis on the statements, you would have to either manually type or copy and paste each account and corresponding number into the spreadsheet.

However, if the data on the site was available in eXtensible Business Reporting Language XBRL , you could simply convert this data from the website into a spreadsheet program usually instantaneously that is XBRL compatible. Due to the standardized nature of the identification tags and the language itself, financial data from one country, which has set accounting standards such as U.

GAAP , can be easily compiled into the accepted accounting standards of another country even if they are drastically different. The reporting of financial data in XBRL is not required by all companies, but because it has become prevalent, it has been suggested that it won't be long before all companies will have to report their financial data in this language.

XBRL was developed in with version 1. The latest version of the standards, v2. While the v2. Career Advice. Company Profiles. Our history of serving the public interest stretches back to Browse by.

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ACRA eservices unavailable on 13 Nov Jump to: Select Subheading. May - June Public consultation for revised filing requirements and taxonomy From 14 May — 11 June, a public consultation was held to gather public feedback on proposed revisions to XBRL filing requirements and the draft of the new ACRA taxonomy.

March - April BizFin x Preparation Tool - Public consultation A public consultation was held to gather feedback on usability of the preparation tool.

Focus group discussion were also held. A summary of the responses to feedback gathered from the public consultation was then published in February Did you find this page useful? Accounting and Corporate Regulatory Authority.