ACRA issued revised XBRL Filing Requirements

Implementation of Revised XBRL Filing Requirements

ACRA has issued Practice Direction No. 2 of 2020 to guide companies on the implementation of revised XBRL filing requirements. The revisions are part of the continual efforts to streamline XBRL filing requirements. For most companies, the number of data […]

XBRL Conversion India

Process for Conversion of XBRL file to PDF file

Many times Companies come with XBRL files and ask the professionals to convert the XBRL file to PDF format. Or ask for documents of specified companies financials which sometimes may be available in XBRL format. In such case, it becomes […]

Financial Reports must be Machine Readable

Accountants have long tried to develop their reports so as to meet the needs of the users. Traditionally these users have been identified as investors, creditors and “other stakeholders”. Under the traditional approach, the reports have been printed, delivered to […]

South Africa to require iXBRL

The CIPC in South Africa has recently announced that all companies must file their annual financial statements using inline XBRL. iXBRL is a form of XBRL that combines traditional XBRL tags with human readable HTML. It allows filers to insert […]

DIGITAL REPORTING - XHTML

Digital Future of Corporate Reporting

The UK’s FRC Lab issued a deep dive report in December that urges regulators, companies, investors and technology providers to work together to realise fully the potential of XBRL and to respond to the challenge of a new European Single […]

XBRL framework

Manner in which XBRL filing can be helpful to Companies and Investors

Regulatory authorities around the world have adopted rules requiring companies to provide their financial reporting in a structured data, machine-readable format i.e. eXtensible business reporting language (XBRL). The vision of XBRL filing is that the format would enable investors and […]

Realizing the Potential of Structured Data

Despite its presence and use for several years now, XBRL has not achieved its full potential for either investors or companies in the United States. One reason is that companies continue to see structured data as a compliance and cost […]