The Standard for Reporting The International Standard XBRL is the international standard for digital reporting of financial, performance, risk and compliance information, although it is also used for many other types of reporting.
An XBRL taxonomy defines the reporting concepts that may be used in instance documents and can also provide a wide range of structured meta-data about the concepts and how they should be used.
Labels Taxonomies can provide a variety of different labels. For example "standard labels" provide a general purpose label for a concept, whereas "documentation labels" can provide a more verbose description defining the purpose of the concept.
All labels can be provided in multiple languages. References References provide structured meta-data, which can be used to provide links to authoritative reference material containing concept definitions.
Hierarchies Concepts can be arranged into hierarchies that provide an organised presentation of concepts in the taxonomy presentation relationships or that capture certain arithmetic relationships between them calculation relationships. Dimensions Taxonomies can use the specification to define hierarchies of dimensions that can be associated with concepts in order to report multi-dimensional data.
Meta-data is primarily contained in linkbases, which form part of the taxonomy: Relationships are typically between concepts and other concepts, or between concepts and other resources such as labels. A number of additional specifications have been developed in order to further enhance the ability of XBRL to define and manage reporting requirements.
Internationalisation and Translations XBRL is an international standard and has been designed from the outset to support multiple languages and localised characters.
All components in XBRL can be labelled in multiple languages, and the use of the linkbase mechanism makes it easy for third parties to define their own translations of taxonomies Coping with change A feature of just about every reporting domain is that reporting requirements evolve over time.
In the XBRL world, taxonomies are often being continuously updated to reflect current requirements. The Versioning specification enables taxonomy authors to provide structured information about the changes between different versions of an XBRL taxonomy. This can be used by preparers of XBRL reports in order to streamline the transition from one taxonomy version to the next, and by the consumers of those reports in order to enable comparison between different reports prepared against different taxonomy versions.
Units All numeric facts in an XBRL report are associated with a unit declaration, describing the units in which a value is measured.
The Units Registry 1. This ensures that facts relating to the same type of value are reported with consistent units, simplifying comparison between different reports. Tabular reporting Reporting domains vary widely in the level to which the prescribe structure on their reports. For example, GAAP -based financial reporting typically allows considerable flexibility in the structure and presentation of reports, whereas prudential regulation requires reports that conform exactly to prescribed tabular structures, which are often highly dimensional in nature.
The Table Linkbase 1. This approach is discussed further under Presentation.Business Reporting Language (XBRL).
XBRL is rapidly becoming the de facto standard for defining, exchanging and storing business in formation by regulators, stock exchanges. Standard Business Reporting Did you know that, as from 1 January , you may be required to file your annual report electronically?
Standard Business Reporting is a group of international programs instigated by a number of governments to reduce the regulatory burden for business. The concept is to make business the centre when it comes to managing business-to-government reporting obligations.*. DEFINITION of 'eXtensible Business Reporting Language - XBRL' eXtensible Business Reporting Language is a standard that was developed to improve the way in . The SBR AU Taxonomy has been endorsed as a recognised standard in the Australian National Standards Framework for cross-agency interaction. The SBR Taxonomy uses the XBRL standard for digital business reporting.
Standard Business Reporting (SBR) is the standard . The XBRL Standard XBRL allows the definition, preparation and exchange of reporting information across organisational boundaries.
It does so in a manner . XBRL is a standards-based way to communicate and exchange business information between business systems. These communications are defined by metadata set out in taxonomies, which capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning.
Standard Business Reporting is a group of international programs instigated by a number of governments to reduce the regulatory burden for business. The concept is to make business the centre when it comes to managing business-to . XBRL International is a global not for profit operating in the public interest.
Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.