XBRL (Extensible Business Reporting Language), is an application of XML (scalable tag language, extensible Markup language) in financial reporting information exchange, is currently applied to non-structural information processing, especially financial information. The latest standards and techniques for processing. The application of XBRL in the securities industry can realize the information sharing and interoperability of listed companies in the securities industry, further promotion of the information disclosure of my country's listed companies and the information service industry, and realize the information online disclosure of listed companies. With the expansion of China's securities market and the opening of the financial sector, domestic and foreign investors' attention to the financial situation and operation of listed companies, XBRL's widespread applications will meet all kinds of institutions and individuals are getting higher and higher. Information disclosure requirements and will show increasing greater economic value and social utility.
At present, institutions such as exchanges, accounting firms and financial services and information suppliers have adopted or prepared to adopt the standards and technologies. For example, the TD NET system of the Tokyo Exchange uses XBRL technology to submit financial data. The Australian Exchange is studying and preparing to use XBRL, Germany German German German Bank uses XBRL to handle loan information and make its credit analysis process more smooth. XBRL has been rapidly developed in the international budgy in 1998, and studies have shown that XBRL technology has increased the transparency of the company's financial report disclosure. The XBRL International Steering Committee advocated XBRL International Steering Committee was also established in August 1999. It was jointly formed by 12 US CPAs and EDGAR online, Microsoft, and Puhuayong Road. At present, more than 250 institutions in the world have participated. The organization.
XBRL - Scalable Business Report Language FAQ
Extensible Business Reporting Language
Q XBRL is short?
A short written by an extensible business reporting language. Translation is "Scalable Business Report Language".
Q What is "scalable"? A XBRL is one of XML, and the extension is from XML, Extensible Markup Language. XML is translated into "Scalable Markup Language". The mark refers to the information symbols that the computer can understand, and the computers can handle articles, including various information, and the like. How to define these tags, you can choose internationally universal tag language, such as "html", or using the marker language that is freely determined by the relevant person from the relevant person, this is the "scalability" of the language.
Q What is the business report? A mainly refers to the management information of providing business decision makers. XBRL initially became XFRL, which is mainly to imagine that financial information is provided for investors. However, later discovered that the language can be used for more situations such as interior, so it is called Business Reporting.
Q XBRL can be used for? A Enterprise's various information, especially financial information, can be effectively processed on the computer's internet through XBRL. Once the information publisher entered information, it is not necessary to enter again. It can be easily converted into written text, PDF file, HTML page, or other corresponding file format, by XBRL. Moreover, the information acquired by XBRL also does not require printing or re-input, it can be easily applied to various financial analysis.
Q Who is the first to develop XBRL? A In April 1998, Certified Public Accountant Charles', Washington, USA, earliest started research.
Q Who is the standardization of XBRL? A Promoting XBRL International Standardization is XBRL International. There are currently more than 200 institutions in all countries in all countries participated in the organization, including accounting firm, consulting firm, financial company, information company, system company, and other general companies. , Stock exchanges, government agencies, non-profit organizations, etc. Q Have you necessary to join XBRL international agency to use this language? A no. Anyone can use it freely. However, if you want to participate in the standardization of XBRL first, you must join the XBRL International Organization for XBRL.
Q XBRL use fee? A XBRL Specification does not charge any fees.
Q What special system requirements do you need to use XBRL? A XBRL does not require a special operating system or software support.
Q Do I need a good English ability to use XBRL? Or want to learn a special computer program language? A grammar rules can be applied to the language, if the use of the language can be unified, the enterprise information written by the native language can be automatically converted into other countries. XBRL's related development tools are mostly in English, but for general users, this is not required to browse the web with the HTML, and email email with E-mail. Similarly, as long as it is not a research developer, you don't need to master a special computer software language. Microsoft provides support for XBRL in next-generation Office2003 software.
What are the specific areas of Q XBRL can be used? A mainly of the following six areas: first, corporate management. Enterprise management can quickly collect the financial status of various departments and related companies through XBRL. This information can be quickly released to obtain market support. Second, the accounting audit field. It can improve the production and inspection process of financial statements. Third, the corporate credit rating isas. It can be better than the previously available suppliers, vendors, and financing agencies. Fourth, the field of securities markets. Investors can get a faster and more accurate, more convenient to obtain enterprise financial information. Fifth, trade and taxation areas. Merfile paper with more information and files. Sixth, the financial administrative area. Financial management departments can also effectively utilize XBRL when studying financial and risk analysis of financial institutions.
Q XBRL really becoming an international standard? A At present, major developed countries such as US, Europe, Japan is actively adopting XBRL and has achieved significant results. At the same time, XBRL's development is jointly participated by the National CPAs and IASB. There is currently no other standards that can compete with it, and XBRL has become an international standard in this area.
Q From Where can I learn more about XBRL information? A XBRL International Organization Website: http://www.xbrl.org, because China has no institutions in China to participate in the international organization, so there is no relevant institution website can be referred to, China XBRL Research Network is the first learning to learn through the network XBRL's Chinese website is attracting more and more lovers, the address of the site is: http://www.xbrl-cn.org
