XBRL Basics

An Introduction to XBRL

XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business information, providing major benefits in the preparation, analysis and communication of business information.  It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using business information.

It is one of a family of "XML" languages which is a standard means of communicating information between businesses and on the internet.

XBRL is being developed by an international non-profit consortium of over 600 major companies, organisations and government agencies.  It is an open standard, free of licence fees.  It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world. 
See where XBRL is being used today.

Webinars on XBRL Basics

For those seeking to learn more, the XII Best Practice Board offers Knowledge Series Webinars that explain in simple, non-technical terms the basics and value of XBRL. View these webinars to gain a high level overview of XBRL, an understanding of its main building blocks, its global adoption and also some of the market misperceptions that may exist.

What is XBRL?
Presented by Kris Brands

XBRL Building Blocks in a Little More Detail
Presented by Eric E. Cohen

XBRL Adoption
Presented by Vidya Jayakumar

The How XBRL Works page gives further explanation of XBRL, while Benefits and Uses sets out how different types of organisation can gain from the standard.

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