• From: South Africa
  • Registered: 11/24/2009
  • Posts: 275

Topic: XBRL (eXtensible Business Reporting Language)

With the new IFRIS standards and company compliance in Europe, RSA etc is becoming requirements to submit annual reports in the XBRL language, seems like Excel format report.

XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business information. XBRL allows the expression of semantic meaning commonly required in business reporting. ... XBRL is a standards-based way to communicate and exchange business information between business systems.

Is there any indication if FA will implement this to comply with the XBRL standards?

Regards

Wynand

seahawk's Website

2 Reply by Stefan66 (edited by Stefan66 04/05/2019 02:43:50 pm)

  • From: Nieuw-Vennep, Netherlands
  • Registered: 03/31/2019
  • Posts: 2

Re: XBRL (eXtensible Business Reporting Language)

In the Netherlands annual reports also have to be submitted to the Dutch chamber of commerce in the XBRL language.  They also developed a standard set of GB-accounts in XBRL and XML-format. And South-Africa and the Netherlands are for sure not the only countries that complied or will comply in short notice to the XBRL-standard.
Would be great for the future development of FA if the XBRL-standard could be implemented indeed.

Please let us know if you are interested in or see the need of XBRL-connectivity / support in FA by a reply on this post.