iXBRL Reporting Archives

iXBRL Reporting

iXBRL (Inline eXtensible Business Reporting Language) reporting is a format used for the digital representation of financial and business information.

It combines the benefits of XBRL, a global standard for business reporting, with the flexibility of HTML, the language of the web. iXBRL allows for the inclusion of human-readable and machine-readable data in a single document, making it easier for users to understand and analyze financial reports.

One of the key advantages of iXBRL reporting is its ability to combine structured data (XBRL tags) with the visual presentation of HTML.

This means that users can view and navigate financial reports just like traditional web pages, while also being able to extract and analyze the underlying data.

iXBRL reporting has gained significant traction globally, with many regulatory bodies and stock exchanges mandating its use for financial reporting by companies.

It improves transparency, enables better comparability of financial information, and enhances the accessibility and usability of data for investors, analysts, and regulators.

Overall, iXBRL reporting represents a significant step forward in the digitalization and standardization of financial reporting, streamlining processes, improving data quality, and providing stakeholders with valuable insights into business performance and financial health.