XBRL allows companies to standardize the way they report their financial information, making it easier for investors, analysts, and regulators to compare and analyze financial statements from different companies. It is used by many companies worldwide, including public companies, accounting firms, regulators, and stock exchanges.
eXtensible Business Reporting Language
XBRL is a language used for the electronic communication of business and financial data.
XBRL provides a standardized set of tags that can be used to describe financial information, such as balance sheets, income statements, and cash flow statements. Each tag represents a specific concept, such as “total revenue” or “net income,” and allows for the consistent representation of financial information across different systems.
As an XBRL developer, we plays a crucial role in enabling organizations to generate, exchange, and analyze financial and business data in a standardized, machine-readable format.
- Integrating XBRL with other systems
- Ensuring compliance with XBRL standards
- Debugging and testing
- Providing support