iXBRL – more XML based markup languages…

iXBRL – more XML based markup languages…

February 18, 2011 General

So along with the XMLisation of a ton of other things, comes the evolution of accounting formats into XBRL or iXBRL. It’s supposed to make filing and sharing  of accounts between systems easier for everyone… Of course, there will be the initial hiccups in the implementation, and where there is a problem, there will be someone with a solution. Some companies provide managed tagging of Financial documents, converting them into iXBRL format that is compliant with the filing authority’s needs… A great help if you feel that you need a bit more time to come to terms with the new regulations.

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Susheel Chandradhas: