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XBRL:财务报告的未来(2)
2014-03-03 来源:XBRL中国地区组织作者:NIRMAL GHORAWAT 编辑:还津蕴 浏览量:

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XBRL is neither an Accounting Standard nor a computer program.It is also not a limited chart of accounts or a proprietary information standard or software.

Simply stated,XBRL is a language for transmitting information.It must accurately reflect data reported under different standards and regulations –it does not change them.

3.Who develops XBRL?

The origins of XBRL lie in the proposal of Mr Charles Hoffman,AICPA to use XML (eXtensible Mark-up Language)for electronic reporting of Financial Information.

XBRL is being developed by XBRL International Inc.(XII).XII is a Not for Profit consortium of Regulators,Government Agencies,Accountancy Institutes,Leading Corporates,IT &Financial &Professional Services Companies.

XBRL International Inc.(XII)is a Consortium similar to how the Universal Product Code (UPC)Seal (commonly ‘Bar Code’)was developed…and BAR CODING HAS REVOLUTIONISED PRODUCT DISTRIBUTION…WHAT WILL XBRL DO TO FINANCIAL REPORTING?

Well,we’ll answer this question after we first learn how XBRL works…

4.How XBRL Works?

A Simple Explanation

The idea behind XBRL,eXtensible Business Reporting Language,is simple.Instead of treating financial information as a block of text –as in a standard internet page or a printed document –it provides an identifying tag for each individual item of data.This is computer readable.For example,company net profit has its own unique tag.This enables reporting software to collect relevant data and place it in the appropriate financial reports.

XBRL “Tags”can be thought of as a “Bar Code”system for financial information,allowing financial statements to be read and understood by a computer.XBRL will do for Financial &Business Reporting what Bar Code has done for Product Distribution.

5.Benefits of XBRL

The introduction of XBRL tags enables automated processing of business information by computer software,cutting out laborious and costly processes of manual re-entry and comparison.Computers can ACCESS,EXTRACT AND PROCESS XBRL data “intelligently”:they can recognize the information in a XBRL document,select it,analyze 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.

Probably,the best explanation of benefits derived from the use of XBRL lies in the following words of Mr John Connors,Chief Financial Officer,Microsoft –“Through Internet delivery,XBRL will also provide analysts and investors with extensible financial data to make informed decisions about the company.We see XBRL as not only the future standard for publishing,delivery and use of financial information over the Web,but also as a logical business choice.”

6.XBRL –Around the World..!

XBRL is growing quickly around the world with increasing participation from individual countries and international organisations.At present,XBRL International is comprised of 23Established jurisdictions and 3Provisional jurisdictions which represent countries,regions or international bodies and which focus on the progress of XBRL in their area.

B.XBRL in INDIA.

1.Introduction

XBRL India,a company registered under section 25of the Companies Act,1956is the Indian Jurisdiction of XBRL International Inc.(XII).

The main objective of XBRL India is to promote and encourage the adoption of XBRL in India as the standard for electronic business reporting in India.

XBRL India has overseen the development of the Taxonomy for Indian GAAP Commercial and Industrial and Indian GAAP Banking taxonomy.Separate taxonomies for insurance and power sector are under development.

XBRL Projects in India

RBI has already implemented Capital Adequacy Reporting by Banks as per Basell II norms in XBRL.

MCA has mandated the e-filing of annual reports in XBRL format for specified classes of companies.

SEBI has an under development project –“Super-D”for XBRL filing by all Listed Companies and Mutual Funds in India.

The Central Electricity Regulatory Commission (CERC)is also developing an XBRL based Regulatory Information Management System (RIMS).

2.The MCA21Mandate

The Ministry of Corporate Affairs (MCA)envisages a two-phase approach for implementation of XBRL based reporting of Company Annual Reports.

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