XBRL

 
 

Introduction to Structured Data Standard: XBRL

20 Dec, 2018  Posted By Thenvi Subin   Posted in iXBRL
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XBRL(eXtensible Business Reporting Language) has gained popularity as one of the most popular mediums for sharing financial data among financial publishing houses, stock broking firms, security regulators, accounting organizations etc. What makes XBRL user-friendly is the fact that each information … Continue reading

 

How Does iXBRL Affect My Business’ Accounts Preparation and Reporting Process?

07 Dec, 2018  Posted By Thenvi Subin   Posted in iXBRL
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From 1 January 2010, legislation has been in place in the U.K. that requires companies to file their accounts and computations with HMRC in Inline XBRL (iXBRL) format in respect of returns submitted on or after 1 April 2011. There … Continue reading

 

Malaysian Business Reporting System (MBRS) – What you need to know

20 Nov, 2018  Posted By Thenvi Subin   Posted in MBRS
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In Malaysia, all companies (both public and private) need to register themselves with the Malaysian Regulator, Suruhanjaya Syarikat Malaysia (SSM), and these companies have to submit their financial information to SSM once every year. The regulator’s role is to enhance … Continue reading

 

House of Representatives Passes the GREAT Act

29 Oct, 2018  Posted By Guru Raj Singh   Posted in Great Act
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In the final week of September 2018, the House of Representatives passed the Grant Reporting Efficiency and Agreements Transparency (GREAT) Act of 2018 through a voice vote. Although there is still work to be done before the GREAT Act of … Continue reading

 

Proposed Update to the IFRS Taxonomy 2018 Released by the IFRS Foundation

25 Oct, 2018  Posted By Guru Raj Singh   Posted in SEC
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On September 20 2018, the IFRS Foundation published Proposed IFRS Taxonomy 2018 Update PTU/2018/1 relating to Common Practice (IFRS 13 Fair Value Measurement), which is now open to the public for consultation. According to the IFRS Foundation, the proposed amendment includes … Continue reading

 

The advantages of XBRL

05 Oct, 2018  Posted By Shabeer   Posted in XBRL
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XBRL, also known as eXtensible Business Reporting Language, is an open standard reporting language that was introduced with the intention of improving the quality of financial data reporting. It is a form of extensible markup language (XML) that is used … Continue reading

 

The Federal Data Strategy: An Overview

27 Sep, 2018  Posted By Guru Raj Singh   Posted in XBRL
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The digital age is no longer a futuristic world, nor is it considered to have reached its tipping point. In fact, it is the contrast and its expansion and evolution will indeed continue to gain pace. As a result of … Continue reading

 

XBRL awareness required: Does your company need to file AFS in iXBRL with CIPC?

21 Sep, 2018  Posted By Shabeer   Posted in XBRL
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From 1 July 2018, CIPC (Companies and Intellectual Property Commission) mandated that all qualifying entities in South Africa must submit their Annual Financial Statements (AFS) in iXBRL with their annual returns. Yet, many companies are still unaware of the mandate. … Continue reading

 

The European Single Electronic Format (ESEF) – What You Should Know

18 Sep, 2018  Posted By Karthik Sathuragiri   Posted in XBRL
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From 1 January 2020, issuers with listed securities in EU regulated markets will be required to prepare annual financial reports (AFRs) in line with the European Single Electronic Format (ESEF). These changes will impact thousands of companies across the EU … Continue reading

 

IFRS Foundation releases educational modules for the IFRS – SMEs Standard

12 Sep, 2018  Posted By Guru Raj Singh   Posted in IFRS
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In August 2018, the IFRS Foundation released an additional seven educational modules in respect of the 2015 version of the IFRS for SMEs Standard. These modules aim to assist anyone who wants to prepare, use, or understand financial statements that … Continue reading

 

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