It could also assist regulators, information providers, analysts, accountants, auditors and consumers to decide on whether to adopt eXtensible Business Reporting Language
(XBRL) in future.
The GAAP taxonomy is a list of computer-readable tags in extensible Business Reporting Language
(XBRL) format that allows companies to tag precisely the thousands of pieces of financial data that are included in typical long-form financial statements and related footnote disclosures.
raised the language philosophy of XBRL (Extensible Business reporting language
) after studying the XML technology which was used to electric financial reports.
KUWAIT, April 30 (KUNA) -- Capital Markets Authority (CMA) will start applying an eXtensible Business Reporting Language
(XBRL) to have an easier task practicing its supervisory role of the Kuwait Stock Exchange (KSE).
Moscow: The Bank of Russia has released its core taxonomy necessary for non-bank financial organisations (NFO) as they migrate to XBRL (eXtensible Business Reporting Language
), an extensible language for digital business reporting.
Notably, the proposal would require companies to provide information in XBRL (eXtensible Business Reporting Language
) format, which may ease evaluation of executive compensation policies and thereby benefit the shareholders.
Extensible business reporting language
(XBRL) is rapidly developing into a single electronic financial reporting standard, the organisers said.
XBRL stands for Extensible Business Reporting Language
. It is a computer-readable language similar in some ways to the HypetText Markup Language, or HTML, which underlies the websites on which we rely daily.
XBRL (eXtensible Business Reporting Language
) is a freely available and global standard for exchanging business information.
Ifsah is an easy interactive system that provides electronic templates and forms via eXtensible Business Reporting Language
to display entered organized data.
Earlier last year, FH Securities has been awarded by Securities and commodities Authority of the UAE (SCA) for its success in implementing a system to increase transparency, and for its commitment to implement Extensible Business Reporting Language
(XBRL) in the brokerage category.
For instance, the SEC has mandated the use of a standards-based system, called "eXtensible Business Reporting Language
" (XBRL), for all public company financial data.