XBRL stands for eXtensible Business Reporting Language.
As the name suggests, XBRL is a language for the electronic communication of business and financial data which is
revolutionising business reporting around the world.
The standardisation in-built in the XBRL documents provides significant benefits in the preparation, analysis and
communication of business information.
XBRL was started in 1998 by an American CPA, Charles Hoffman. It is being promoted all over the world by XBRL
International, a non-profit organisation of approx. 450 entities.
It is successfully being used in USA, UK, Japan, Singapore and many other countries globally.
CAclubindia
