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Digital Revolution in Compliance Reporting

16 Feb, 2017  Posted By Charles A   Posted in MCA, MCA - XBRL in India, xbrl, XBRL Filings

Computers revolutionised the world of information decades ago. ‘Interactivity’, however has been a more recent phenomenon. Hitherto, data collection by Regulators has always been in ‘non-interactive’ formats like PDF, Word, etc. This scenario is changing as we go to press. … Continue reading

 

Importance of XBRL Implementation

20 Jul, 2016  Posted By admin   Posted in xbrl

XBRL (eXtensible Business Reporting Language), as we all know it, is a globally accepted standard for exchanging business information. From the Regulators perspective, it is an interactive data format as against  the merely readable formats like HTML, PDF etc., that … Continue reading

 

XBRL Sustainable reporting brings accountability and transparency

04 Jul, 2016  Posted By Getsy Jenita J   Posted in xbrl
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The flow of information from one point to another is important to keep the ecosystem intact, especially in the financial world. Regulators need it to regulate the enterprises; investors need it to analyze the enterprises performance and take an investment … Continue reading

 

˜Digital India to improve compliance reporting in India

21 Mar, 2016  Posted By Getsy Jenita J   Posted in xbrl

eGovernance has always been the dream for India, especially now with Prime Minister Narendra Modis visionary programme ˜Digital India. It aims to transform India into a digitally empowered society and knowledge economy. Digital Indias slogan is ˜Power To Empower, promising … Continue reading

 

DataTracks at XBRL International, Copenhagen

11 Sep, 2015  Posted By Rohan Shirdhankar   Posted in xbrl
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The 28th Annual XBRL International Conference concluded yesterday in Copenhagen, Denmark. As a meeting ground for the various stakeholders that make up the XBRL “ and, in fact, more broadly, the Open and Standard Data “ ecosystem, the conference was … Continue reading

 

XBRL: Beyond financial reporting – Part II

22 Jun, 2015  Posted By Rohan Shirdhankar   Posted in xbrl
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In our May blog, XBRL “ Beyond Financial Reporting (Part I), we discussed how use of XBRL can benefit different areas such as Medical, Sustainability Reporting, Corporate Actions and  industries such as Energy, Transportation and Construction. Now we review some … Continue reading

 

XBRL “ Beyond Financial Reporting (Part I)

29 May, 2015  Posted By Rohan Shirdhankar   Posted in xbrl
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XBRL was developed by a team at the American Institute of CPAs (AICPA) that was to eventually become XBRL International. The full story is a fascinating read and can be found here. The team conceptualized XBRL as a business reporting … Continue reading

 

XBRL and Visualization for Big Data Analysis

27 Apr, 2015  Posted By Rohan Shirdhankar   Posted in Big Data, MCA - XBRL in India, xbrl, XBRL Filings
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XBRL in India has come a long way from the time since it was implemented by the Government regulators in India, namely the Ministry of Corporate Affairs, Reserve Bank of India and the major Stock Exchanges (National Stock Exchange and … Continue reading

 

XBRL in India “ Coordination among Regulators

31 Mar, 2015  Posted By Balaji M   Posted in MCA - XBRL in India, xbrl, XBRL Filings
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As this goes to press, two major regulators “ Ministry of Corporate Affairs (MCA) and Reserve Bank of India (RBI) have already implemented XBRL technology for report collection from companies and financial institutions. More such regulating regulators are on-course to … Continue reading

 

Indian Accounting Standards (IAS) convergence with IFRS, April 2015

30 Jan, 2015  Posted By Rohan Shirdhankar   Posted in MCA - XBRL in India, xbrl
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With the completion of the enactment of Companies Act, 2013, the Ministry of Corporate Affairs has started the process of convergence of the Indian Accounting Standards with the International Financial Reporting Standards (IFRS), which is to be implemented from April … Continue reading