10-01-2004, 05:26 PM
Salam 2 all
Heard much abt XBRL these days.....i wud like 2 know more abt the concept...this is what i know abt it- some kindda digital reporting approach
XBRL, eXtensible Business Reporting Language....provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag.
These XBRL tags enable automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison. Computers can treat XBRL data "intelligently" they can recognise the information in a XBRL document, select it, analyse it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information.
Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information.<font face='Book Antiqua'></font id='Book Antiqua'><font size=4></font id=size4><font color=blue></font id=blue>
Idrees
Heard much abt XBRL these days.....i wud like 2 know more abt the concept...this is what i know abt it- some kindda digital reporting approach
XBRL, eXtensible Business Reporting Language....provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag.
These XBRL tags enable automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison. Computers can treat XBRL data "intelligently" they can recognise the information in a XBRL document, select it, analyse it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information.
Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information.<font face='Book Antiqua'></font id='Book Antiqua'><font size=4></font id=size4><font color=blue></font id=blue>
Idrees