‪What is XBRL?

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XBRL Logo

in recently days I was so sad and I can’t work because of Iran President Election in 2009, in recent days Tehran was a big garrison and we experience some rally and blah blah blah. I wish this situation ends with peace and we all can rest in peace. also I wish the best for NEDA and I think that We Are All Neda, and I hope that this so many immolates, didn’t killed for nothing. any way This is my first english post in this blog, and I wrote it in english becouse of following reasons : at the first, I want to show to whome that copy and paste my content in their blogs (without any link) that if you continiue this way, I will switch this blog into english and never write a persian content again. at second (the real reason) I write this post in english because we have no Persian company yet that implement XBRL, and as I will explain no company even interest to implement this, so I write this in english for whome that want to know something about XBRL.

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این مطلب زیر نظر مجوز GFDL منتشر می‌شود. و کلیه حقوق آن برای همگان آزاد است، بدین شرط که به کلیه شرایط موجود در مجوز GFDL ( که یک نسخه از متن انگلیسی مجوز GFDL در این محل و یک ترجمه غیر رسمی (فارسی) از متن مجوز GFDL که در مرداد ۱۳۸۳ توسط کاوه رنجبر تهیه شده است در این محل ) قرار دارد پایبند باشد.

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GNU Logo

عنوان مطلب : ‪What is XBRL?

بخش ثانی : ندارد

تاریخ انتشار : 02/04/1387 مطابق با 23/06/2009

شماره نسخه : نسخه یک

نویسنده : ناصر حاجلو

ای-میل نویسنده : n.hajloo@gmail.com

Copyright (c) 2009 Nasser Hajloo.

Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation;

with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. A copy of the license is included in the section entitled “GNU Free Documentation License”.

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as Wikipedia noted that : ” XBRL (eXtensible Business Reporting Language) is an open standard which supports information modeling and the expression of semantic meaning commonly required in business reporting. XBRL is XML-based. It uses the XML syntax and related XML technologies such as XML Schema, XLink, XPath, and Namespaces to articulate this semantic meaning. One use of XBRL is to define and exchange financial information, such as a financial statement. The XBRL Specification is developed and published by XBRL International, Inc. (XII). 

XBRL is a standards-based way to communicate business and financial information. These communications are defined by metadata set out in taxonomies. Taxonomies capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning.

XBRLS is a simplified application profile of this standard intended to enable the non-XBRL expert to create both XBRL metadata and XBRL reports in a simple and convenient manner. At the same time, it seeks to improve the usability of XBRL, the interoperability among XBRL-based solutions and to reduce software development costs.”

as its abvious XBRL uses for validation of financial reports that commonly government organization take (reports) from the organization that should provide a clear reports for Taxes, billing informations and vise versa. so commonly Government is a good backup and supporter in this manner and the personal organizations are commonly looking for a way that create a imitation report and runaway from the real numbers.

at the end I should mention XBRL History, I write this from wikipedia content :

can be traced to the efforts of one person, Charlie Hoffman . The specification has gone through several versions, all of which are still available.

1.0 – This version was based on DTDs. It expressed the difference between data exchange in instance documents and metadata exchange in taxonomy documents. Taxonomies were expressed as XML Schema files, but these were not used for instance validation.

2.0 – This version introduced use of XML Schema substitution groups as a way of allowing schema validation of instances. Concept relations were broken out into separate XLink based linkbases. Context data in the instance was collected into a separate element.

2.1 – This version tightened the definition of terms significantly, allowing for the introduction of a conformance suite.

SBR – In 2003 the Dutch government started the Netherlands Taxonomy Project (NTP) to create a multi agency taxonomy and communication infrastructure. The Dutch government now collaborates with Australia, New Zealand and Singapore in Standard Business Reporting (SBR) programs. The key objectives of SBR include reduced time and effort spent preparing and filing reports for government by businesses.

  • XBRLS – In 2008 Charlie Hoffman and Rene van Egmond proposed a simplified more user friendly XBRL application profile of XBRL that makes using XBRL easier for most business users, improves the potential for interoperability, and improves the potential for comparibility needed by most business users, business communities, regulators and independent software vendors.

XBRL is a real united standard for all financial reports and all organization can send and receive their reports in One way. as it is abvious the final report can view every where as same and can validate the content.

so in IRAN any company or organization implement this standard for their reports, if you are an Iranian organization or a government organization that interested in XBRL we can implement this standard for you , please contact us n.hajloo@gmail.com . we also can provide meetings and session for introduce this standard for managers and financial organizations. we also can provide a service for government organization ( like exchange ) that give the numbers from companies and validate the content.

References Links

http://en.wikipedia.org/wiki/XBRL

http://en.wikipedia.org/wiki/XBRLS

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