eXtensible Business Reporting Language - Edelweiss

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3. How KPMG can help. 25
How KPMG can help-The Need Some of the key challenges that the Corporates might encounter in its financial reporting process are: • Availability of adequate and appropriate skilled resources to meet the financial reporting deadlines specifically at period ends. • Smooth and timely closure of reporting. • Highly volatile and complex IFRS literature having an impact on the taxonomies. • Requirement of training the human resources to keep pace with XBRL and its finer details. • The software/tool to be used for the purpose of tagging the financials. © 2011 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 26
Page 1 and 2: XBRL eXtensible Business Reporting
Page 3 and 4: 1. XBRL- Background 2
Page 5 and 6: Analysing Data - The Old Way ABC Lt
Page 7 and 8: Introduction to XBRL (eXtensible Bu
Page 9 and 10: How it Works (2) 8 © 2011 KPMG, an
Page 11 and 12: How it Works (4) 10 © 2011 KPMG, a
Page 13 and 14: Potential Uses (Examples) Supplier
Page 15 and 16: What the Preparer Needs 1. Taxonomy
Page 17 and 18: Example of Taxonomy - xml © 2011 K
Page 19 and 20: Global Scene • Several countries
Page 21 and 22: Regulatory development - India SEBI
Page 23 and 24: Further Information- useful website
Page 25: Advantages of XBRL Key advantages o

eXtensible Business Reporting Language - Edelweiss

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