XBRL involves the application of computer-readable tags to business data. This enables the data to be processed automatically by software, bringing great gains in efficiency and providing an opportunity for high quality analysis of business information. XBRL can provide an identifying tag for each individual item of business data.
The Standard for Reporting The International Standard XBRL is the international standard for digital reporting of financial, performance, risk and compliance information, although it is also used for many other types of reporting.
XBRL provides a way to: Creating digital, unambiguous, accurate and reusable versions of financial statements is one of the core capabilities of the XBRL standard.
Flexibility is key Financial statements: Transactional Reporting Accountings systems store transactional details in data stores called ledgers.
Generally this involves the loss of relevant supporting details. Summary reports lose their connection to […] Specifications XBRL is an open standard, with our specifications freely available and freely licensed.
XBRL is supported by a strong software development community that has create a broad range of XBRL products, both free and commercial, covering the needs of both end users and developers.
Different taxonomies will be required for different business reporting purposes. Some national jurisdictions may need their own reporting taxonomies to reflect local […].Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon.
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Who is the main stakeholder. XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business nationwidesecretarial.com allows the expression of semantic meaning commonly required in business nationwidesecretarial.com language is XML-based and uses the XML syntax and related XML technologies such as XML Schema, XLink, XPath, and nationwidesecretarial.com use of XBRL is to define .