eXtensible Business Reporting Language (XBRL) - an Update - IFAC
eXtensible Business Reporting Language (XBRL) - an Update - IFAC
eXtensible Business Reporting Language (XBRL) - an Update - IFAC
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What is <strong>XBRL</strong><br />
Freely available Supply Chain St<strong>an</strong>dard for <strong>Business</strong> Information Processes<br />
International Open Market Consortia with collaboration of over 650<br />
org<strong>an</strong>izations from 30 countries<br />
Enables st<strong>an</strong>dardization of:<br />
• Information elements (enables information exch<strong>an</strong>ge across disparate software)<br />
• Information definitions (enables sem<strong>an</strong>tic agreement, access <strong>an</strong>d reuse)<br />
• Labelling (enables association of multiple l<strong>an</strong>guages to individual elements<br />
across software)<br />
• Presentation concepts (enables presentation abstraction / templates)<br />
• Formulas / business rules (enables reusable <strong>an</strong>alytical models <strong>an</strong>d social<br />
collaboration)<br />
• Relationships between information elements <strong>an</strong>d other resources (enables<br />
explicit <strong>an</strong>d executable relationships)<br />
These st<strong>an</strong>dardization concepts are process centric <strong>an</strong>d move beyond the<br />
idea of a fixed data template<br />
Worldwide adoption summary
![International Auditing and Assurance Standards Board [IAASB] - IFAC](https://img.yumpu.com/22522144/1/190x245/international-auditing-and-assurance-standards-board-iaasb-ifac.jpg?quality=85)
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