2. *
By:-
Aruna
Pooran
Durga
Nrusimha

4. *
 eXtensible Business Reporting Language
an XML-based mark-up language
 used to communicate financial and business data electronically
 provides increased functionality over traditional reporting
formats
 enables computers (XBRL-enabled software's) to classify, sort, and
analyse
 facilitates analysis by standardising business reporting
terminology
XBRL does not change or add to GAAP and financial reporting
disclosure requirements; it is strictly a method of transmitting
financial information in a way that leverages computer technology

5. *
 Cost savings
 Efficiency
 Accuracy
 Reliability of data
 Reduce manual data entry time
 Business analysis

6. *
Which companies need to file?
* All companies listed in India and their Indian
Subsidiaries; or
* Companies having a paid up capital of Rs. 5 crores and
above; or
* Companies having a turnover of Rs. 100 crores and above
What is required to be filed?
* Balance sheet statement
* Profit and loss account
* Cash flow statement
* Schedules to balance sheet and P&L statement
* Notes to accounts

7. *
* Statement pursuant to Section 212 of Companies
Act
* Auditors report
* directors report
* General information about the company
* Signatories to balance sheet
* All the above sections need to be filed in XBRL
starting with financial year 2010-11

8. *
Which companies are excluded from the mandate?
* banks,
* insurance,
* non-banking finance companies
* power sector
Proposed mandate?
* Allow for extensions in the taxonomy by the filers
to capture sector specific information from FY
2011-12 onwards
* Early adoption permitted for those covered in
subsequent phases

9. *
Level of tagging?
* Block text tagging – capturing information at a
group level – e.g. notes to accounts, directors
report, etc
* Detailed tagging – capturing granular information –
e.g. related party transactions, schedules to BS and
P&L, etc

11. *Creation of XBRL instance document
*

12. *
Creation of
XBRL instance
document
Download XBRL
validation tool
Load the
instance
document

13. *
* Map Company’s each financial statement element to a
corresponding element in published taxonomy
* Create instance document for Balance sheet and Profit
and Loss Account.
* Specifications to be followed for creation of instance
document .
* Use the tool to validate the instance document

14. *
XBRL documents comprise two main sections:
* Taxonomies and
* Instance documents

15. *
Taxonomies for Indian companies are developed based on the
requirements of
* Schedule VI of Companies Act,
* Accounting Standards, issued by ICAI
* SEBI Listing requirements

16. *
II. Taxonomies are in turn made up of:
1.Schema-dictionary of business and financial term
along with XBRL properties and
2.Linkbases– Inter relationship among the terms
defined in the schema
* XBRL Schema stores information about taxonomy
elements viz. names, ids etc. It consists of a set of
unrelated items. The schema file has an extension
of .xsd. The schema file along with the link bases
makes up the taxonomy.
* Linkbases provide relationship between elements.
They use the elements defined in the schema file
and provide structure to those elements

17. * Mapping is the process of comparing the concepts in the financial
statements to the elements in the published taxonomy, assigning a
taxonomy element to each financial statement concept.

18. *
* Like Net Profit / Loss
Store following information:
* Fact- The occurrence in an instance document of a value or other
information tagged by a taxonomy element.
* Entity name – The profit / Loss belongs to what entity.
* Period- What period that fact pertains to.
* Meaning of the concept – The profit or loss derived after deducting all
expenses, incurred for earning revenues from the total revenues. Such
profit or loss is before any appropriation or write backs of reserves and
also before distribution of any dividends, if any. Expenses and revenues
include extraordinary and prior period items.

19. * Accounting reference-
* Companies Act, 1956; Schedule VI; Part II; 2(a)
* SEBI Listing Agreement; Clause 41; Annexure I
* Scale factor – Value reported as actual, in
thousands , in lacs or crores
* Unit- Whether a fact is monetary (i.e. INR, USD,
GBP or EURO etc.) or a number, Shares, Ratio etc.

20. * It contains facts that are defined by the elements in the taxonomy
it refers to, together with their values and an explanation of the
context in which they are placed. XBRL Instances contain the
reported data with their values and “contexts”. Instance document
must be linked to at least one taxonomy, which defines the
contexts, labels or references