Paper

Training Material on Extensible Business coverage Langauge (XBRL)

XBRL INDIA

Prepared By:

DISCLAIMER
1. The material contained herein is for private circulation and informant purposes only.

2.

The views expressed in the background material should not be construed as the views of the XBRL India, or any of its Committee or panel of Directors.

3.

The copyrights in respect of the material included in the basis Material rest with XBRL India.

Published by

:

Extensible Business reporting Language (XBRL), India Website www.xbrl.org/in

Printed by

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Sahitya Bhawan Publications, Hospital Road, Agra - 282 003.

FOREWORD

In the recent times, XBRL has emerged as a popular, effective, alternative for effective reporting and analysis and being recognized as a global standard for exchanging business information. XBRL is this instant in India with a bang, presenting a lot of professional opportunities for contract A ccountants. The Institute of Chartered Accountants of India, the premier accounting and auditing standards climb body in India, recognizing the importance of XBRL in the reporting requirements, in the year 2007 had taken a lead on XBRL by constituting a group comprising of the regulators viz.



SEBI/RBI/IRDA/MCA for undertaking the Development and onward motion of XBRL in India. Now, the Ministry of Corporate Affairs, the regulators of companies in India vide circular No. 09/ 2011 go out 31st March, 2011, has mandated the filing of financial statements in XBRL formats for the year stop 31st March, 2011, covering more than 25000 Companies in their first human body of implementation. The circular, however, does not cover in its ambit Banking, Insurance, NBFCs and Power sphere of influence Companies for filing their Financial Statements in XBRL formats. This circular has brought into focus the share of Chartered Accountants. The developing of the taxonomies, the dictionary to all the elements and requirements as fit(p) down by the accounting standards...If you want to get a full essay, order it on our website: Orderessay



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