Tag Archive for: OIM

Certified Tools for xBRL-JSON & xBRL-CSV


XBRL International has finalized the sunrise period for its important new OIM (Object Information Model), which includes the xBRL-JSON and xBRL-CSV standards. In turn, it has completed the software certification process. Any product awarded the XBRL Certified Software designation has been thoroughly tested by XBRL International for conformance with the current XBRL specifications.

OIM represents a years-long effort of the XBRL community to modernize the financial reporting standard, providing a model for easily transforming XBRL data between XML and other popular formats like CSV and JSON. This way, organizations can take advantage of the functionality of XBRL and at the same time have XBRL documents written in the format(s) most convenient for them.

Altova XMLSpy and RaptorXML Server were some of the very first tools on the market to support xBRL-JSON and xBRL-CSV and are now officially named XBRL Certified Software for the OIM standards (in addition to being certified for a variety of other core XBRL technologies).

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Colleagues collaborating on computers in an office
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Learn About OIM for XBRL


XBRL – the eXtensible Business Reporting Language – is a global framework for exchanging business information. The standard, maintained by XBRL International, is based on XML and designed to offer a standards-based approach to communicating and exchanging financial information between business systems.

The current version of the standard was finalized in 2003 and since then has received widespread uptake and eventual mandates from numerous countries and regulatory agencies, including the United States SEC. Adoption of the standard is due to advantages that include enabling automation and cost savings, better quality of reported data, improved analysis, and better quality of information used for decision making.

Despite its benefits, the complexity of XBRL presents a sharp learning curve for accountants and other stakeholders not familiar with XML, leading to errors and increased consultancy costs. In addition, coinciding with the adoption of big data technologies, XBRL has been used to represent ever growing datasets, which can be resource intensive.

XBRL International has worked over the years to modernize and simplify the standard in response to those challenges, and the Open Information Model (OIM) is an exciting and innovative solution.

Accountants learning about OIM XBRL
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