XBRL

 

Bombay Stock Exchange mandates financial results in XBRL format

Bombay Stock Exchange (or BSE) has recently issued a circular requiring all entities listed with them to file Financial Results in XBRL format with effect from 1st April 2017 as against the earlier practice of filing in PDF format. In … Continue reading

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Form AOC-4, AOC-4 XBRL and GNL-2 were recently revised on MCA21

MCA (Ministry of Corporate Affairs) has notified that “Form AOC-4, AOC-4 XBRL and GNL-2 were recently revised on MCA21 Company Forms Download webpage. Stakeholders are advised to check the latest version before filing. MCA21 Company Form is an e-Form, in … Continue reading

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MCA takes another Initiative in Government Process Re-engineering (GPR)

As part of the Ministry’s efforts towards promoting greater Ease of Doing Business to stakeholders, new version of Form SPICe (INC-32) with date of effect as 30th January 2017 will be notified soon, so as to include the functionality of … Continue reading

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New AOC forms and MCA filing deadline extension

The Ministry of Corporate Affairs (MCA) has indicated their plan to revise AOC “ 4 (XBRL) and AOC-4 (CFS) forms following the revision of AOC-4 form. The major amendment will be the inclusion of mandatory Corporate Social Responsibility (CSR) and … Continue reading

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XBRL Sustainable reporting brings accountability and transparency

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

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RBI recognized for XBRL reporting initiative by XBRL International

The Reserve Bank of India (RBI), the regulator and supervisor of the financial system in the country, has been awarded the XBRL International Award for Excellence by XBRL International, the global custodian of the eXtensible Business Reporting Language (XBRL), in … Continue reading

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DataTracks at XBRL International, Copenhagen

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

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XBRL: Beyond financial reporting – Part II

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

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XBRL “ Beyond Financial Reporting (Part I)

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

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XBRL in India “ Coordination among Regulators

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

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