Presented by Biswabhusan Pradhan MFC,Part-I

(EXTENSIBLE BUSINESS REPORTING

LANGUAGE)

What is XBRL
XBRL is a data-rich dialect of XML (Extensible

Markup Language) XBRL is a world-wide standard ,developed by an international ,non-profit-making consortium XBRL International Inc. It was developed to communicate information between business & other users of financial information. XBRL provides a common electronic format for business reporting.

XBRL tags: XBRL is a computer programming add-on that tags each segment of computerised business information with an identification

code or marker. It is a bar coding system for items appearing in the financial statement.

XBRL Taxonomies
Taxonomies are the computer-readable dictionaries of XBRL. Taxonomies enable computers with XBRL software to 1- understand what the tag is (eg;whether it is a monetary item , a percentage or text)

2-What characteristic the tag has (eg;if it has a ve value) 3- Its relationship to other items (eg;if it is part of a calculation) Taxonomies differ according to reporting purposes.

How XBRL works

XBRL is a powerful & flexible version of XML It enables unique identifying tags to be applied

to items of financial data; such as net profit. XBRL can show how items are related to one another. XBRL is easily extensible (customisable) ,so organisations can adopt it to meet variety of special requirments.

Benefits of XBRL
XBRL offers major benefits at all stages of business reporting & analysis
No rewrites of financial reports

Fast, accurate searches in internet

Less need to re-enter data

THANK YOU