Insights

Extensible Business Reporting Language

XBRL

Deloitte has developed resources and in-depth technical knowledge and skills required to help address your questions and prepare your organization for XBRL reporting. We will work with you to develop a roadmap for XBRL reporting and support development of XBRL integration solutions for your organization.

The Deloitte Difference

As a multidisciplinary organization and one of the founding members of the XBRL International Consortium, Deloitte actively participates in XBRL development around the world. Our teams are experienced with a wide range of software tools and third-party service providers and understand their unique strengths and challenges.

Deloitte has structured and established methodologies to aid and fast track the XBRL adoption as per your organizational needs for XBRL adoption.

XBRL - Essential features- eXtensible Business Reporting Language (XBRL) is an XML-based standard (eXtensible Markup Language) which has the potential to play an important role in the  generation and use of financial information.

   

 XBRL - The new world of reporting: XBRL, now more than a decade old, was developed to increase the effectiveness and efficiency of the information use. XBRL is a language that leverages Internet technologies for the communication of business information coupled to the metadata (data about data) associated with the information

   

 XBRL Filing to Ministry of Corporate Affairs: The MCA introduced a mandate to file balance sheets and profit and loss account alongwith Director’s and Auditor’s Report for the year 2010-11 onwards by using eXtensible Business Reporting Language (XBRL) format.

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