Toppan Merrill: What is Inline XBRL?

Posted on September 24, 2021 by Editor

Do you need a place to start on Inline XBRL, or iXBRL – or do you know someone who does? Toppan Merrill has put together an overview post addressing key questions on what the Inline XBRL format is all about.

“iXBRL enables filers to prepare a financial report that looks like a traditional financial statement and is appealing to the eye, but has all of the rich, machine-readable XBRL data embedded under the text,” explains the post. This invisible tagging is enabled by xHTML, so that “like a modern web page, iXBRL provides both human and machine readers with the information they want, all in the same document.”

The post looks at the core benefits of Inline XBRL, including making financial information more usable and consistent and giving companies more control of telling their story, all in a simpler, more efficient package. It also covers who is required to use Inline XBRL for reporting on both sides of the Atlantic, how to select XBRL tags, and even a short history of the format. All in all, a really useful resource for anyone in need of a primer, or insights on the US perspective in particular.

Read more here.

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