Is XBRL a SQL structured data?

XBRL boils down to the value of structured data versus unstructured data. Unstructured data is simply a bunch of data that is not highly categorized.

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How do I prepare XBRL financial statements?

Filing Manual

Step 1 – Creation of XBRL instance document:
Step 2 – Download XBRL validation tool from MCA portal.
Step 3 – Use the tool to validate the instance document.
Step 4: Perform pre-scrutiny of the validated instance document through the tool.
Step 5: Attach instance document to the Form 23AC and Form 23ACA.

What is an XBRL schema?

An XBRL Taxonomy is a collection of taxonomy schemas and linkbases. A taxonomy schema is an XML schema document (file). Linkbases are XML documents (file) which follow the XLink specification.

How is XBRL used in reporting system?

XBRL enables preparers to utilize software to tag all financial items in their business reports to the elements within a taxonomy. This is accomplished with an Instance Document which can be electronically exchanged and validated between computers or viewed in a human readable format (this is called rendering).

What is the difference between XML and XBRL?

XML is a rich language that facilitates the exchange of data between organizations via Web pages. XBRL, short for eXtensible Business Reporting Language, is an XML-based markup language developed for financial reporting.

What are XBRL uses?

Key Takeaways. eXtensible Business Reporting Language (XBRL) is a freely available global framework of accounting standards used for exchanging business information. XBRL is based on XML coding and is a standardized way of transmitting financial records around the world.

What are the overall objectives of XBRL?

OBJECTIVE OF XBRL XBRL involves huge initial conversion costs for companies but the long-term benefits for investors and the capital markets would be significant. XBRL is a digital „language‟ that was developed to provide a common electronic format for business and financial reporting.

What are the applications for XBRL?

What are the potential uses of XBRL? Company internal and external financial reporting. Business reporting to all types of regulators, including tax and financial authorities, central banks and governments. Filing of loan reports and applications; credit risk assessments.

What are the features of XBRL?

Features of XBRL:

Integration with MCA: Seamless integration with MCA Website.
Excel Import-Export: Simple import-export functionality through excel templates.
Prepare & File Unlimited Returns with XBRL Tool:
Interlinking:
Audit Trails:
Auto Calculation:
Simplified Work Flow:
Support:

How do I open a XBRL file in Excel?

1. Open Excel, drag the . XBRL file into Excel, you will see two prompt dialog boxes. Click OK.

What is XBRL and its features?

XBRL allows the expression of semantic meaning commonly required in business reporting. The language is XML-based and uses the XML syntax and related XML technologies such as XML Schema, XLink, XPath, and Namespaces. One use of XBRL is to define and exchange financial information, such as a financial statement.

How do I view XBRL financial statements?

A system converted PDF document is available for viewing the XBRL balance sheet and profit and loss account in human readable format. Please click on the category ‘Annual Returns and balance sheet Attachment’ while using the ‘View Public Documents’ facility available on the MCA21 portal for viewing the same. .

What is XBRL US database?

XBRL US Database. For purposes of this Agreement, the term “XBRL US Database” means all technical data, software, documentation, manuals, instructional materials, Internet-based services, and support services that XBRL US, in its sole discretion, may make available to Applicant for the purpose of private, non-commercial research and development.

What are the components of XBRL?

XBRL components (items, domain members, dimensions, and so forth). The representation of a financial reporting concept, including: line items in the face of the financial statements, important narrative disclosures, and rows and columns in tables. A human-readable description of a reporting concept.

How do I open a linkbase in XBRL?

Choose the Open button. To import the linkbase, on the XBRL Schemas page, choose the Linkbases action, and then select a folder and an XML file. Choose the Open button.. You can now choose to apply the linkbase to the schema.

Why join XBRL International?

Learn more about joining the consortium . XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.

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