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X - EXtensible
B - Business
R - Reporting
L - Language
--> XBRL-eXtensible Business Reporting Language is a manifestation of XML.
--> XBRL is gaining acceptance and adoption by governmental regulatory agencies like MCA for investment and financial reporting.
XBRL expands the scope of XML beyond element tag syntax to include standardized metadata attributes related to financial reporting concepts-e.g., financial reporting elements typically incorporate an attribute to signify a debit or credit balance.
Requirements of XBRL
--> Standard - XBRL is a standard that has been accepted and adopted the world over thus reducing inconsistencies in terminologies and data formatting.
--> Accuracy - XBRL provides highly accurate data as the data can be both calculated and verified.
--> Speed - XBRL allows much faster and real-time preparation of reports and at the same time allows efficient, accurate and relevant ways to search data
--> Reusable - XBRL data once entered can be reused to represent the same data in multiple ways and multiple formats.
Platform Independent & Region Independent - XBRL is an open standard and hence platform independent, this allows the data to be exchanged and transferred with ease. XBRL allows the presentation and exchange of data in many different languages
Benefits of XBRL
--> Reduce reporting Burden
--> Improve the Data Timelines
--> Improve Data Accuracy
--> More Accurate and Less Burden
--> Simplify Programming Efforts
--> Improve Flexibilit
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KDK Software develops expert solutions of income tax, ROC, XBRL Software, online e-tds software, VAT software, CA software, balance sheet, digital signature, office management software, payroll and meets the users requirements.
B - Business
R - Reporting
L - Language
--> XBRL-eXtensible Business Reporting Language is a manifestation of XML.
--> XBRL is gaining acceptance and adoption by governmental regulatory agencies like MCA for investment and financial reporting.
XBRL expands the scope of XML beyond element tag syntax to include standardized metadata attributes related to financial reporting concepts-e.g., financial reporting elements typically incorporate an attribute to signify a debit or credit balance.
Requirements of XBRL
--> Standard - XBRL is a standard that has been accepted and adopted the world over thus reducing inconsistencies in terminologies and data formatting.
--> Accuracy - XBRL provides highly accurate data as the data can be both calculated and verified.
--> Speed - XBRL allows much faster and real-time preparation of reports and at the same time allows efficient, accurate and relevant ways to search data
--> Reusable - XBRL data once entered can be reused to represent the same data in multiple ways and multiple formats.
Platform Independent & Region Independent - XBRL is an open standard and hence platform independent, this allows the data to be exchanged and transferred with ease. XBRL allows the presentation and exchange of data in many different languages
Benefits of XBRL
--> Reduce reporting Burden
--> Improve the Data Timelines
--> Improve Data Accuracy
--> More Accurate and Less Burden
--> Simplify Programming Efforts
--> Improve Flexibilit
--------------------------------------------
KDK Software develops expert solutions of income tax, ROC, XBRL Software, online e-tds software, VAT software, CA software, balance sheet, digital signature, office management software, payroll and meets the users requirements.
