XBRL

 

Malaysian Business Reporting Standards (MBRS) – What you need to know

What is XBRL and its benefits: XBRL stands for eXtensible Business Reporting Language, and is a global, unified standard for the creation and sharing of business information. It allows data to be read and analysed by both humans and computers. … Continue reading

Posted in MBRS | Tagged , , | Comments Off on Malaysian Business Reporting Standards (MBRS) – What you need to know

House of Representatives Passes the GREAT Act

In the final week of September 2018, the House of Representatives passed the Grant Reporting Efficiency and Agreements Transparency (GREAT) Act of 2018 through a voice vote. Although there is still work to be done before the GREAT Act of … Continue reading

Posted in Great Act | Tagged , , | Comments Off on House of Representatives Passes the GREAT Act

Proposed Update to the IFRS Taxonomy 2018 Released by the IFRS Foundation

On September 20 2018, the IFRS Foundation published Proposed IFRS Taxonomy 2018 Update PTU/2018/1 relating to Common Practice (IFRS 13 Fair Value Measurement), which is now open to the public for consultation. According to the IFRS Foundation, the proposed amendment includes … Continue reading

Posted in Uncategorized | Tagged , , , | Comments Off on Proposed Update to the IFRS Taxonomy 2018 Released by the IFRS Foundation

The advantages of XBRL

XBRL, also known as eXtensible Business Reporting Language, is an open standard reporting language that was introduced with the intention of improving the quality of financial data reporting. It is a form of extensible markup language (XML) that is used … Continue reading

Posted in xbrl | Tagged , | Comments Off on The advantages of XBRL

The Federal Data Strategy: An Overview

The digital age is no longer a futuristic world, nor is it considered to have reached its tipping point. In fact, it is the contrast and its expansion and evolution will indeed continue to gain pace. As a result of … Continue reading

Posted in xbrl | Tagged , | Comments Off on The Federal Data Strategy: An Overview

XBRL awareness required: Does your company need to file AFS in iXBRL with CIPC?

From 1 July 2018, CIPC (Companies and Intellectual Property Commission) mandated that all qualifying entities in South Africa must submit their Annual Financial Statements (AFS) in iXBRL with their annual returns. Yet, many companies are still unaware of the mandate. … Continue reading

Posted in xbrl | Tagged , , | Comments Off on XBRL awareness required: Does your company need to file AFS in iXBRL with CIPC?

The European Single Electronic Format (ESEF) – What You Should Know

From 1 January 2020, issuers with listed securities in EU regulated markets will be required to prepare annual financial reports (AFRs) in line with the European Single Electronic Format (ESEF). These changes will impact thousands of companies across the EU … Continue reading

Posted in xbrl | Tagged , , | Comments Off on The European Single Electronic Format (ESEF) – What You Should Know

IFRS Foundation releases educational modules for the IFRS – SMEs Standard

In August 2018, the IFRS Foundation released an additional seven educational modules in respect of the 2015 version of the IFRS for SMEs Standard. These modules aim to assist anyone who wants to prepare, use, or understand financial statements that … Continue reading

Posted in IFRS | Tagged , | Comments Off on IFRS Foundation releases educational modules for the IFRS – SMEs Standard

The United States and Data Standardization – The Long Road Ahead

Data standardization has often been trumped as the gold standard for financial reporting – and justifiably so. Not only can it help ensure greater transparency and comparability between the financial performance and position of companies or local government bodies, but … Continue reading

Posted in xbrl | Tagged , , | Comments Off on The United States and Data Standardization – The Long Road Ahead

XBRL – a standard for now and the future of compliance reporting in the US

XBRL has been around for a few years now. At the time of its introduction, much attention was given to the possibilities that XBRL reporting could offer – digitization, increased comparability and reliability to name a few. However, it’s equally … Continue reading

Posted in xbrl | Tagged , | Comments Off on XBRL – a standard for now and the future of compliance reporting in the US

Pin It on Pinterest