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eXtensible Business Reporting Language
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last activity : 07 06 2010 20:18:04 +0000
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They say XBRL is the future of reporting?
Is there any gain of truth in it? If the regulators are to be believed? Yes there is much of a truth to it.
The biggest & the foremost event happenned in recent times, is Mandating XBRL by SEC (Which calls it Interactive data), the big 500 companies having a global float of more than USD 2 Billion, will be filing their returns to Securities and Exchange Commission in XBRL format.
Even Central banks like RBI of India & Bank of Spain. Have already XBRLised & banks are already filing returns to them in XBRL Format.
More to follow (to be continued)
1 comments on "Why XBRL"
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Commented by
punya, Financial Analyst, IRIS
| 02 08 2009 20:23:18 +0000
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"Why XBRL"
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