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FAQs on XBRL

  • 1

    What is XBRL?

  • 2

    Who developed XBRL?

  • 3

    What are the advantages of XBRL?

  • 4

    Who can benefit from using XBRL?

  • 5

    What is the future of XBRL?

  • 6

    Does XBRL benefit the comparability of financial statements?

  • 7

    Does XBRL cause a change in accounting standards?

  • 8

    What are the benefits to a company from putting its financial statements into XBRL?

  • 9

    How does XBRL work?

  • 10

    How do companies create statements in XBRL?

  • 11

    Is India a member of XBRL International?

  • 12

    Which class of companies are required to file financial statements with Registrar as per XBRL Taxonomy ?

  • 13

    Our Company has not satisfied any conditions specified as per section 137 of Companies act for current financial year. Are we still required to file financial statements as per XBRL Taxonomy for current financial year ?

  • 14

    Which category of companies are exempted from filing financial statements in XBRL ?

  • 15

    Which taxonomies developed for Indian reporting requirements?Where can I find taxonomies?

  • 16

    Where can I find more information about XBRL?

  • 17

    What are XBRL Documents?

  • 18

    What is Taxonomy?

  • 19

    What is meant by extending taxonomy?

  • 20

    Are Taxonomies based on any standards?

  • 21

    What is an Instance document?