For those interested in a more general XBRL program, consider the XBRL International Foundation Certificate, approximately 10 hours of online training covering data exchange formats, development of the standard and technical specification, architecture, governance and background on XBRL.
The XBRL Foundation Course provides you with insight into the key building blocks of digital business reporting, from both regulator and reporter perspectives. Learn how you can apply XBRL in your reporting process and gain sufficient knowledge to become XBRL certified.
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AnswerWhat is XBRL International?
XBRL Fundamentals from AICPA & XBRL US This course provides an introduction to the eXtensible ...
What is the XBRL foundation certificate program?
The Foundation Certificate provides 10 hours of content for accountants, XBRL technologists ...
Where can I find the XBRL standard?
Promotion of XBRL International Foundation Course in India Home About the course Fees Registration 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 Global Ledger taxonomy?
Apr 17, 2020 · Inline XBRL—or iXBRL—is an international XBRL standard. The technical fine points of the iXBRL standard are complicated, of course. But perhaps the best way to think about iXBRL is as a system that allows the transition of financial reporting from documents to a data stream—and back again.
What is XBRL in simple terms?
eXtensible Business Reporting Language (XBRL) is a freely available global framework of accounting standards used for exchanging business information. XBRL is based on XML coding and is a standardized way of transmitting financial records around the world.
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).
What is XBRL system?
XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business and financial data which is revolutionising the business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such business information.
How can I learn XBRL?
If you want to learn about XBRL, I would recommend following these steps:Read XBRL for Dummies. ... If you want more detail, read Financial Reporting Using XBRL. ... Get your hands dirty. ... If you need XBRL tools, see this web page.More items...•Oct 29, 2009
What companies use XBRL?
XBRL International is made up of member organizations from around the world....Membership List.MemberJurisdictionCountryBusiness WireXBRL USUnited StatesCal State FullertonXBRL USUnited StatesCalcbenchXBRL USUnited StatesCapgemini (Netherlands)XBRL NetherlandsNetherlands157 more rows
What are the disadvantages of XBRL?
Inexperienced users Not all accountants have familiarity with XBRL; in fact, some have only heard of the language. XBRL's complexity combined with letting inexperienced users create data for transmission increases the opportunity for errors. These errors lead to a lack of confidence in the system and by investors.
Is XBRL mandatory?
Since June 16, 2011, all US companies (other than investment and business development companies) must follow XBRL reporting requirements.
What is XBRL and its advantages?
XBRL offers major benefits at all stages of business reporting and analysis. The benefits are seen in automation, cost saving, faster, more reliable and more accurate handling of data, improved analysis and in better quality of information and decision-making.
What are the features of XBRL?
Features of XBRL:Integration with MCA: Seamless integration with MCA Website. ... Excel Import-Export: Simple import-export functionality through excel templates. ... Prepare & File Unlimited Returns with XBRL Tool: ... Interlinking: ... Audit Trails: ... Auto Calculation: ... Simplified Work Flow: ... Support:Mar 28, 2019
What is XBRL filing India?
XBRL means eXtensible Business Reporting Language. The XBRL filing provides benefits in analysing, preparing, and communicating business information. The Ministry of Corporate Affairs (MCA) introduced XBRL filing of financial statements with the Registrar of Companies (ROC) through the MCA portal.Dec 28, 2021
How do I convert a PDF to XBRL?
Convert your financial statements in Word, Excel or PDF to XBRL easily online. We assist till successful filing with MCA. Guaranteed Best Price. Try Now.Step 1 : Set-up your online account. ... Step 2 : Create an order. ... Step 3 : Choose options. ... Step 4 : Upload financial statements. ... Step 5 : Download XBRL, review and approve.More items...
How do I convert Excel to XBRL?
Figure2: Excel template with the menu screen. 3. Upload the XSRF file and download the XBRL instance document Logon to stacos.com and upload the XSRF file. The Website will convert to XBRL document.Jul 25, 2011
Is the XBRL US GAAP program available for CPAs?
Is the Certificate program available to both CPAs and other accounting professionals who are not CPAs? Yes. The courses that compris e the XBRL US GAAP Certificate Program curriculum are available for CPAs, CAs and other accounting professionals who do not have one of these credentials or their equivalent.
Is XBRL a professional credential?
The XBRL US GAAP Certificate is not a professional credential or license. It is evidence of successful completion of a required course curriculum as of a point in time. As a result, it has no period for which it is deemed “active” or in-force.
When will the CAFR taxonomy be released?
Familiarize yourself with the latest CAFR draft taxonomy. On March 9, 2020 , XBRL US released the latest version of the CAFR taxonomy; it is slated to be finalized and published in May. The draft taxonomy is available here: https://xbrl.us/xbrl-taxonomy/2020-cafr/.
Is the 2019 10-K based on 2017?
Because the information is so hard to come by, though, the 2019 10-K is built largely on financial data from 2017. Were the information to be machine readable and more easily accessible, then the two-year reporting lag could be eliminated.
Data how you need it: XBRL US case study explores huge ROIs of automated custom normalisation in data collection
A new XBRL US case study examines how Liberty Mutual Surety has used XBRL to automate the generation of normalised data in the format the company needs, freeing employee time for higher value work.
2021 saw new specifications launched: lift-off for xBRL-JSON and xBRL-CSV
This year we celebrated new ways to use the XBRL standard, with xBRL-JSON and xBRL-CSV reaching final recommendation status in October as part of our new suite of specifications.
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