XBRL

XBRL (eXtensible Business Reporting Language) is an open, global standard for exchanging business and financial data in a machine-readable, XML-based format. It provides a standardized way for companies to tag and communicate financial information, making it easier for software to automatically process, analyze, and compare financial statements across different organizations and reporting systems.

Developed by accountants and financial professionals, XBRL allows for precise tagging of individual financial data points, enabling more efficient reporting to regulatory bodies like the SEC, streamlining financial analysis, and reducing manual data entry errors. It is widely used by public companies, governments, and financial institutions to standardize and digitize financial reporting, ultimately improving transparency and accessibility of financial information.

Altova offers end-to-end XBRL solutions, from development to data integration to high-performance validation. Altova also provides tools for non-technical business users to create valid XBRL filing documents to meet regulatory requirements. Here is a selection of XBRL-focused articles:


Posts categorized: xbrl