#xbrl format

[microvista]

An Overview of XBRL Software: Features and Functionality for Efficient Financial Reporting

XBRL (eXtensible Business Reporting Language) software is a specialized software designed to work with XBRL data and facilitate the creation, validation, and analysis of XBRL documents.

XBRL is a standardized, XML-based language used for electronic business and financial data communication. It enables organizations to exchange financial and business information in a standardized and machine-readable format.

The main features of XBRL software typically include:

XBRL Document Creation: This software allows users to create XBRL documents from financial statements or other business data. It provides tools to tag data elements with appropriate XBRL tags, ensuring the information is structured according to the XBRL taxonomy.

Validation and Review: XBRL software helps verify the correctness of XBRL documents by conducting validation checks against predefined rules and taxonomy structures. It ensures that the data is accurately tagged and conforms to XBRL standards.

Mapping and Tagging Tools: These tools assist users in mapping data from their financial reports to the appropriate XBRL tags within the taxonomy. This process involves associating financial concepts with their corresponding XBRL elements.

XBRL Taxonomy Management: The software usually includes features to manage XBRL taxonomies, such as importing, updating, or customizing taxonomies to suit the specific reporting requirements of an organization.

Data Conversion and Import/Export: XBRL software allows users to import financial data from various sources and export it into XBRL format for reporting and submission purposes.

XBRL Instance Document Generation: The software generates XBRL instance documents, the final XBRL files containing the tagged financial data.

Integration with Accounting Software: Some XBRL software can integrate with accounting or financial reporting software, streamlining the process of generating XBRL documents directly from financial statements.

Filing and Reporting: Advanced XBRL software may support directly submitting XBRL documents to regulatory bodies or financial authorities that mandate XBRL reporting.

When choosing XBRL software, consider factors like the features provided, ease of use, compatibility with existing systems, customer support, and compliance with XBRL reporting standards in your region or industry.

Different software options are available in the market, ranging from simple and free tools to comprehensive, enterprise-level solutions. It's essential to evaluate your specific needs and budget to find the best fit for your organization.

[colonialfilingsus]

From Chaos To Control: How EDGAR Helps With SEC Reporting

If you've ever had to deal with SEC filings, you already know it's no walk in the park. Between deadlines, disclosures, formats, and filings, things can get out of hand fast. That's where EDGAR comes in; not as some cumbersome government program, but as your resource system for imposing order on the chaos.

Imagine EDGAR as an enormous virtual library, where publicly traded companies submit their significant financial reports for everyone (investors, analysts, and the SEC itself) to see. EDGAR Filing Services is the SEC's filing system online; the system companies use to file everything from annual reports to insider trading forms.

Why filing with the SEC can get messy

SEC reporting isn't simply a matter of completing a few forms. If you get it wrong, you risk penalties or even raising red flags with regulators and investors. Especially if you’re managing filings manually for SEC reporting, using outdated templates, or juggling input from multiple teams. Colonial Filings helps you take control of SEC reporting with EDGAR.

EDGAR keeps things clean and centralized

Standardized format: EDGAR needs structured templates and SEC filing formats, so everything remains organized and consistent.

Digital submissions: No more cluttered paperwork; all SEC filings are submitted and stored electronically.

Built-in checks: EDGAR alerts you to frequent filing mistakes before you submit, preventing expensive errors.

Easy access: All that your SEC file is saved in one location, making it easy to track, review, and refer back to previous reports.

Clear tagging of data: Through the use of XBRL, EDGAR makes financial data readable, searchable, and comparable across firms.

Take back control (even under pressure)

One of the greatest things about EDGAR Filing Services is the way it makes you feel more on top of your compliance game. You're no longer shooting in the dark anymore; you've got a framework, a checklist, and a system that's been built to take you through it all.

[rakeshraseo321]

XBRL Singapore: A Comprehensive Solution with ZE Global

Are you searching for a reliable XBRL filing service in Singapore? ZE Global provides expert XBRL Singapore solutions tailored to meet ACRA’s compliance requirements. Our team of professionals ensures that your financial statements are accurately prepared in XBRL (eXtensible Business Reporting Language) format, making it easier for businesses to comply with Singapore’s filing regulations.

Visit Here: https://www.trangran.com/xbrl-singapore-a-comprehensive-solution-with-ze-global/

[raglobal1]

Innovative Approaches to Sustainability Report Assurance in a Digital Age

Assuring Sustainability Report Assurance in the digital age calls for innovative approaches that leverage technology and data analytics to enhance transparency, accuracy, and credibility.

Here are some creative approaches:

Block chain Technology: Implementing block chain can provide an immutable and transparent ledger of sustainability data. Companies can record their ESG Assurance  metrics on a block chain, ensuring data integrity and enabling stakeholders to verify information independently.

Big Data Analytics: Leveraging big data analytics allows for the processing of large volumes of sustainability data from various sources, such as IoT sensors, social media, and satellite imagery. Advanced analytics can identify trends, anomalies, and potential areas for improvement in sustainability performance.

Artificial Intelligence (AI): AI can analyze unstructured data, such as textual reports and multimedia content, to extract valuable insights on Sustainability Assurance practices and performance. Natural language processing (NLP) techniques can be employed to assess the quality and consistency of sustainability disclosures.

Machine Learning (ML): ML algorithms can predict future Sustainability Report Assurance trends based on historical data, enabling companies to address emerging risks and opportunities proactively. ML models can also optimize resource allocation and decision-making processes to maximize sustainability outcomes.

Remote Sensing Technologies: Satellite imagery and remote sensing technologies can be utilized to monitor environmental impacts, such as deforestation, pollution, and habitat destruction, across global supply chains. This real-time monitoring enhances transparency and accountability in ESG Assurance Provider In Dubai.

Digital Twins: Creating digital twins of physical assets and processes allows companies to simulate and optimize sustainability performance in virtual environments. Digital twins enable scenario analysis and predictive modelling to assess the potential impact of different strategies on sustainability outcomes.

Crowdsourcing and Citizen Science: Engaging stakeholders through crowdsourcing platforms and citizen science initiatives empowers communities to contribute data and insights on local sustainability issues. Companies can incorporate crowdsourced data into their sustainability reports to enhance credibility and relevance.

Open Data Platforms: Establishing open data platforms for sharing sustainability-related information facilitates stakeholder collaboration and knowledge exchange. By promoting data transparency and accessibility, open data platforms drive collective action towards sustainable development goals.

Supply Chain Transparency Tools: Implementing supply chain transparency tools, such as blockchain-based traceability systems and supplier engagement platforms, enables companies to track raw materials and products' origin and sustainability credentials. Transparent supply chains enhance accountability and trust in Sustainability Assurance Provider In Dubai.

Digital Reporting Standards: Developing digital reporting standards, such as XBRL (eXtensible Business Reporting Language) for sustainability data, streamlines the collection, analysis, and comparison of sustainability information across organizations. Standardized digital reporting formats improve data interoperability and facilitate automated assurance processes.

RA Global offer independent verification of sustainability disclosures and reporting, as part of our ESG Assurance or sustainability assurance services. The terms "ESG Assurance" and "Sustainability Assurance" are often used interchangeably, however  mean the same which is verification of disclosures included in the ESG or sustainability report.

By embracing these innovative approaches, organizations can strengthen the credibility and effectiveness of sustainability reporting in the digital age, driving positive environmental and social impacts while meeting stakeholders' expectations.

[northpolemanagementllp]

Navigating the Future: Emerging Trends in Financial Reporting

Financial reporting is undergoing a significant transformation, driven by evolving business dynamics, regulatory requirements, and technological advancements. As organizations strive to enhance transparency, accountability, and stakeholder trust, it's essential to stay informed about the latest trends shaping the landscape of financial reporting.

Sustainability Reporting:

With growing stakeholder interest in environmental, social, and governance (ESG) issues, sustainability reporting has become a crucial aspect of financial disclosure.

Organizations are integrating ESG factors into their reporting frameworks to provide investors and other stakeholders with comprehensive insights into their environmental and social impact.

Integrated Reporting:

Integrated reporting goes beyond traditional financial reporting by providing a holistic view of an organization's performance, including financial, environmental, social, and governance aspects.

By connecting financial and non-financial information, integrated reporting helps stakeholders understand the value creation process and assess the long-term sustainability of a business.

Digital Reporting:

Rapid advancements in technology have revolutionized financial reporting, enabling organizations to adopt digital reporting formats such as XBRL (eXtensible Business Reporting Language) and Inline XBRL.

Digital reporting enhances transparency, accessibility, and usability of financial information, allowing stakeholders to analyze data more effectively and make informed decisions.

Narrative Reporting:

In addition to numerical data, narrative reporting emphasizes the importance of qualitative information and contextual insights in financial disclosures.

By incorporating storytelling techniques, organizations can communicate the strategic rationale behind financial performance, risks, and opportunities, enhancing stakeholder understanding and engagement.

AI and Automation:

Artificial intelligence (AI) and automation are revolutionizing financial reporting processes, from data collection and analysis to report generation and compliance.

AI-powered tools and algorithms enable organizations to streamline reporting tasks, reduce errors, and enhance efficiency, freeing up resources for more strategic activities.

By embracing these trends, organizations can enhance their reporting practices, strengthen stakeholder trust, and unlock new opportunities for growth and innovation.

[webtelcompliancesolutions]

Streamline Your XBRL Preparation with an MCA Validation Tool

In the realm of financial reporting, XBRL (eXtensible Business Reporting Language) has become the standard format for submitting financial statements to regulatory authorities. As a business, ensuring the accuracy and compliance of your XBRL filings is crucial. In this blog, we will explore the importance of using an MCA  validation tool for the preparation of XBRL filings. Discover how this tool can streamline the XBRL preparation process, improve accuracy, and ensure compliance with regulatory requirements.

[claire098]

https://iriscarbon.com/mandates/

IRIS CARBON® (www.iriscarbon.com) is a Collaborative cloud-based SAAS platform for financial and non-financial reporting targeted at the Office of the CFO for XBRL/iXBRL Regulatory Reporting, Disclosure Management and ESG Reporting.   

Being the world's leading provider of reporting solutions for over 30 regulators, IRIS CARBON® is trusted by 6000+ enterprises across 52 countries for their disclosure management and regulatory reporting for the past 18 years. The platform seamlessly supports 9 XBRL/iXBRL compliance mandates in various regions, including Europe, India, South Africa, the US, and the UK. Users can leverage the platform to create Quarterly & Annual Reports, Press Releases, ESG reports, and Internal Reports using formats like Word, Excel, and PowerPoint. 

Remarkably, IRIS CARBON® Platform has earned #1 rating among Platform/Service Providers for delivering 100% Error-Free Filings and maintaining top-notch quality in US SEC iXBRL reporting, as evaluated by reputable third-party assessors.

[calcbench]

Q&A with Olga Usvyatsky, Power User

How did you learn about Calcbench? When did you start using the platform? 

I first met [Calcbench co-founder and chief technology officer] Alex Rapp at a conference where he presented Calcbench as a beta-stage product; the year was 2012 or 2013. I thought it was cool tech. Following the conference, I spent time with Alex in Boston and started using Calcbench. 

As an early adopter it’s been great to see the development of the platform over the past decade — it’s changed a lot since the early days! It’s more complex and offers more features.  

Which features do you use on the platform? 

I started using Calcbench’s high-level financial data in my role at Audit Analytics to supplement the data Audit Analytics received from other data providers. My usage evolved into using data from the footnotes. Recently, I started digging into the text search feature. I like to search for information within specific footnotes. 

Depending on the type of the analysis that I am doing, I use either the Company-in-Detail or the Multi-Company page. For example, I recently used the Company-in-Detail page to compare 10-Q filings of the same company. See the excerpt below from my Substack article, Can SEC Comment Letters Shed Light on Crypto Accounting?

We used Calcbench’s Company-in-Detail page to compare Marathon Digital’s disclosure of Digital Currencies Policy between 10-Q filings for the three months ending on March 31, 2023, and June 30, 2023, and identified the following language added to the June 30, 2023 filing:

“Digital assets are included in current assets in the condensed consolidated balance sheets. In addition, digital assets provided as collateral for long-term loans were reported as Digital assets, restricted at December 31, 2022 and classified as long-term assets in the condensed consolidated balance sheets. During the first quarter of 2023, the long-term loan was terminated and the restrictions on digital assets lapsed (refer to NOTE 12 – DEBT, for further discussion).”

The added language could be related to the unresolved comments disclosed in Item 1B of the 10-K filing discussed above. (Interestingly, an SEC comment letter to Microstrategy (MSTR) publicly released on June 9, 2023, also raised questions about bitcoin used as collateral.)

For the recent research piece that I wrote for Calcbench, Understanding Changes to Non-GAAP reporting, I performed a bulk download from the Multi-Company page. 

By the way, I never had a demo from Calcbench. The platform is intuitive and easy to use. 

You have used the platform in academic and professional settings. Explain how that worked for both. 

In a professional setting, I use Calcbench to supplement other data sources. Calcbench helps me with trends analysis. For example, with Calcbench I can easily evaluate changes in disclosure to see where disclosures are moving. With Calcbench, I can understand the difference in ratios over time. 

For academic purposes I use Calcbench’s bulk data for statistical analysis. Calcbench data is in a machine-readable format and is easy to aggregate, which saves time. 

You’re familiar with other data platforms. What data can you get from Calcbench that you can’t get from other providers? 

Believe it or not, one of the variables that I look for, that’s not easy to get elsewhere, is number of shares. While that information may be available at big data providers, it can be expensive or may not be in the format that I need. 

A unique feature that Calcbench offers is XBRL custom tags. This feature is helpful when I need to pull the data related to a particular topic. Let's say I need to identify balances related to the fair value of  Level 3 securities. It is easy to search for "Level 3" XBRL tags and pull the relevant data.

A couple of other things that are not as popular with other providers: revisions and trace history and linking back to the original file. 

What other offerings would you like Calcbench to offer? 

I like getting alerts. It would be great if Calcbench could offer alerts on specific disclosures, such as if a specific phrase shows up in a particular footnote. For example, take discount rates. I would like to get an alert when a discount rate changes in a pension footnote. These days, I am using text search more often and would like to see an expansion of this search. 

Lastly, executive compensation is a hot topic. It would be helpful to how companies are integrating pay-for-performance into their disclosures. 

-30-

[its-thea-blog1]

XBRL Vs iXBRL

Exactly what is XBRL?

Check here how will  iXBRL format look  after iXBRL Filings

XBRL or eXtensible Business Reporting Language is often a freely available open technological know-how standard for exchanging small business information digitally. This is performed through tagging of the financial report from the backend which will increases transparency and the supply of the business information. These records are presented in an XML format called an ‘instance document’ which is encoded being machine-readable only. Often the XBRL Specification is formulated and published by XBRL International, Inc. (XII). xbrl

What is Inline XBRL as well as iXBRL? The Inline XBRL (iXBRL) specification, on the other hand, has been conducted readable for both mankind and machines. iXBRL is undoubtedly an XHTML file that has XBRL data embedded in a well-formatted HTML document. The basic perception of developing iXBRL is to make it possible for prepares to retain the original perspective or formatting of the referenced document while creating an XBRL document. The XHTML representation of the information just what aids the document for being human-readable.

Here’s the infographic that clearly elucidates the difference between XBRL in addition to iXBRL.

[rhapsodyindia]

Top XBRL Software Vendor in India | XBRL Filing Software

Rhapsody Accounting and Advisory Services Pvt Ltd Company is listed with MCA for XBRL Software Vendors.

To know more about company visit – http://www.rhapsody-services.com/xbrl.html

[microvista]

Microvista XBRl Software - India's #1 Best XBRL Filing Software for MCA

Introduction

In today's digital age, businesses, and organizations must submit financial reports and statements in electronic formats to regulatory authorities like the Ministry of Corporate Affairs (MCA) in India. XBRL (eXtensible Business Reporting Language) has emerged as a standard format for such financial reporting. This article delves into the significance of XBRL filing for MCA and introduces Microvista XBRl Software, the leading XBRL filing software in India.

What is XBRL?

XBRL is a standardized language designed for exchanging business and financial data in a computer-readable format. It allows companies to prepare, publish, and exchange financial statements seamlessly across various platforms and regulatory bodies. XBRL simplifies data interpretation, analysis, and comparison, making it an indispensable tool for modern businesses.

Importance of XBRL Filing for MCA

The Ministry of Corporate Affairs mandates that certain companies submit their financial statements and other business data using XBRL format. This move is aimed at enhancing transparency, accuracy, and efficiency in corporate reporting. XBRL filing streamlines the process of data collection, analysis, and presentation for regulatory authorities, investors, and other stakeholders.

Introducing Microvista XBRl Software

Microvista XBRl Software stands out as India's #1 best XBRL filing software for MCA compliance. It is a comprehensive solution that simplifies the otherwise complex task of XBRL reporting. With its user-friendly interface and powerful features, Microvista XBRl Software has gained immense popularity among businesses of all sizes.

Key Features of Microvista XBRl Software

Easy Data Import and Validation: Microvista XBRl Software allows users to import financial data directly from their accounting systems, spreadsheets, or other software. The software automatically validates the data, reducing the chances of errors and ensuring compliance with XBRL standards.

Customizable XBRL Templates: The software provides a wide range of pre-built XBRL templates to choose from. Users can also customize these templates to match their specific reporting requirements, ensuring accurate and tailor-made financial statements.

Real-time Collaboration: The software provides a wide range of pre-built XBRL templates to choose from. Users can also customize these templates to match their specific reporting requirements, ensuring accurate and tailor-made financial statements.

Automated Error Detection and Correction: To maintain accuracy and compliance, the software employs advanced algorithms to identify errors or inconsistencies in financial data. It offers suggestions for corrections, ensuring the final XBRL report is error-free.

Secure Data Sharing and Storage: Microvista XBRl Software prioritizes data security. It provides encrypted data sharing and secure cloud storage options, safeguarding sensitive financial information from unauthorized access.

How Microvista XBRl Software Streamlines MCA Filing Process

The seamless integration of Microvista XBRl Software with MCA's reporting system streamlines the filing process. The software automatically maps the data to the required MCA taxonomy and generates XBRL reports ready for submission.

Why Choose Microvista XBRl Software Over Other Solutions

While several XBRL filing software options are available in the market, Microvista XBRl Software offers distinct advantages. Its user-friendly interface, robust features, and exceptional customer support set it apart from its competitors.

Customer Reviews and Testimonials

Customers who have utilized Microvista XBRl Software have shared positive feedback about its ease of use and effectiveness in ensuring accurate and timely XBRL filings.

Pricing and Plans

Microvista XBRl Software offers flexible pricing plans to accommodate the diverse needs of businesses. The pricing is competitive and provides excellent value for money, given the software's performance and capabilities.

Conclusion

In conclusion, Microvista XBRl Software stands tall as India's premier XBRL filing software for MCA compliance. Its user-friendly interface, powerful features, and seamless integration with MCA reporting systems make it the preferred choice for businesses seeking a reliable and efficient solution for their XBRL filing requirements.

FAQs

Is Microvista XBRl Software suitable for small businesses?

Yes, Microvista XBRl Software is designed to cater to the needs of businesses of all sizes, including small and medium enterprises.

Is Microvista XBRl Software suitable for small businesses?

Absolutely! Microvista XBRl Software enables real-time collaboration among multiple team members working on XBRL filings.

Is data stored in Microvista XBRl Software secure?

The software ensures secure data storage and transmission through advanced encryption measures.

Can I customize the XBRL templates according to my company's reporting style?

Yes, Microvista XBRl Software offers customizable XBRL templates to match your specific reporting requirements.

How does the software help in error detection and correction?

The software uses sophisticated algorithms to automatically detect errors in financial data and suggests corrections for accuracy.

Remember, when selecting XBRL filing software, choose Microvista XBRl Software for a seamless and efficient reporting experience.

[agereaccounting0]

Accounting Firms in Singapore Offer Customized Accounting Services to Small Business Owners

The Accounting and Corporate Regulatory Authority (ACRA) of Singapore regulate the businesses, public accountants, and the accounting services in Singapore. ACRA, unlike other government regulators, also facilitates for the promotion of these entities.

 As a national regulator, ACRA demands strict statutory compliance from these entities. For this reason, Singapore businesses are better off with the assistance of accounting services in Singapore.

 Compared to other countries, it is easier, seamless and effortless to open a company in Singapore. Although it depends on individual choices, ACRA advises foreigners to take assistance from external firms offering Singapore company registration services. There are many firms in Singapore offering incorporation services along with many other corporate business services like, accounting, auditing and taxation to different national and international clients.

 Accounting Services for Small and Medium Enterprises in Singapore

 Singapore's taxation year or the Year of Assessment (YA), starts on 1 January and ends on 31 December. However, in case of many Singapore companies, the end of their financial year does not coincide with stipulated date, i.e., 31 December.

 These business entities still have to complete their financial reporting and tax filing, as per the due dates issued by ACRA and IRAS (Inland Revenue Authority of Singapore). They need to host an annual general meeting and table their financial statements for the review and approval of their shareholders.

 Genuine and accredited accounting firms in Singapore assist its clients to maintain their books of accounts, by offering their flawless and punctual Accountancy Services Singapore. These firms ensure that each and every financial transaction is entered and accounted for. These firms also offer preparation of bank reconciliation, XBRL, and directors' reports, along with the financial analysis on weekly, monthly, quarterly and annual basis.

 The well-known CPA firms, while preparing the financial statements of clients prepare a balance sheet, profit and loss statement and cash flow statement. The 'books of account' maintained by the client, plays a major role in preparing these statements. Most of the entries and inputs in these statements are retrieved from what is found in the client's books of accounts. These financial documents are prepared in compliance with the Singapore Financial Reporting Standards (SFRS). In addition to that, different types of transactions are treated as per the set principles and governing practices of the governing bodies.

 In order to offer unmatched and high-quality accounting and auditing services to the clients, firms offering accounting services employ only experienced and certified auditors. These professionals are trained to structure their auditing reports on the data contained in the books of accounts, submitted by clients for inspection. After the auditing reports are prepared and authenticated by the prime service provider, these reports are submitted to shareholders, investors, employees, management and the government regulators for analysis and approval. A comprehensive auditing report serves as a definitive medium for the client, to take speculative decisions about the future course of their business. Therefore, preparing such report, from a well-known and qualified audit firm in Singapore is much more necessary.

 After understanding the importance and necessity of well-structured audit report, business management proceeds to hire an external auditing firm for conducting internal audits of their company. The reports generated, allow them an insight into the effectiveness of processes, internal checks and methods that are in place in the organization. On the other hand, the shareholders of the company are also empowered to hire audit services in Singapore, for conducting parallel external audits for them.

 The meticulously prepared financial reports are essential for gauging the financial health of a company. These reports also reveal its weaknesses and help the management in taking preventive measures against them. Remember, apart from exempted companies, every single Singapore business must file their financial statements with the ACRA.

 It is the duty of the corporate business services firms based in Singapore to advise and help their clients with accurate Singapore tax filing. ACRA specifically mandates; that it is a duty of the business service-providing firm to educate and advise its clients on GST registration in Singapore, GST filing, ECI filing, Withholding tax and other taxes. Most importantly, it assists the client in the careful preparation of its corporate income tax.

 The CPA's working at these firms usually takes into account the tax rebates, incentives, deductions and exemptions that client qualifies for, to incorporate those relevant details in the financial statements. The firm also assists Singapore businesses in complying with the ACRA's XBRL filing requirements, by converting their business data into the XBRL format.

 SBS Consulting is considered as one of the best accounting and auditing firms in Singapore, offering quality accounting services for small business. The Small and Medium Enterprises (SMEs) have different accounting needs than that of the bigger enterprises or the multinational businesses. By outsourcing accounting and other corporate services, businesses in Singapore will finally experience peace of mind. The Singaporean economic environment offers favorable options for SMEs to focus and capitalize on market trends. Besides, it also provides equal opportunities to big companies for focusing on the long term goals.

 For More Information: Singapore Accounting Services

Singapore Incorporation Services

Accounting Software Singapore

[iriscarbonseo-blog]

Who needs to comply with the ESEF iXBRL mandate?

All public listed companies in the EU who have securities or bonds listed on capital markets and who prepare financials using IFRS have to comply with the ESEF iXBRL mandate. Issuers are required to prepare their AFR based on IFRS standards in iXBRL format.

How is iXBRL different from XBRL?

XBRL and iXBRL are two different reporting formats. XBRL is an XML based format, and is only machine readable. iXBRL or inline XBRL, is an xHTML based format, and is both machine and human readable. Read more about the difference between XBRL and iXBRL here.

What is the relation between iXBRL and xHTML?

While iXBRL and xHTML are used interchangeably by many people in the context of ESMA ESEF reporting, they are not the same. A document in an xHTML format becomes an XBRL file if it has iXBRL tags embedded in the document. It should be noted that not all xHTML files are iXBRL.

What happens to a public company following local GAAP?

If you are a public listed company in the EU and you publish your standalone results in local GAAP, your AFR needs to be submitted in xHTML format, but the XBRL tagging requirements do not apply to you.

What is the scope of iXBRL tagging?

Issuers are required to submit their full AFR in iXBRL format with the tagging obligation covering the following:

[accountsinteractive-blog]

Company Incorporation Services and Accounting Services in Singapore

Perhaps accounting services will only be limited to pages of spreadsheets, computers, calculators, and paperwork. In actual these accounting techniques offer a wide range of services to many businesses. There are many reasons why Singapore companies require Accounting Services in Singapore:- . To maintain the financial health of the business in terms of maintaining the records. . Readymade financial statements on time with accurate annual filling. . Digitally processed data which makes auditing easy. . Payroll Register makes the monthly payments made to all employees and suppliers. . GST filing and compliance regarding Tax negotiation.

Accounting processes can be outsourced in terms of accounts payable or accounts receivable. Cost accounting is also a part of Singapore accounting services that help operation managers increase their profits effectively.

Many financial ratios such as PE ratios, return on assets ratios, liquidity ratios are some of the ways to check the profitability of the business. These financial statements provide significant resources to investors, banks, financial analysts such as balance sheets, annual income statements, and cash flow statements.

TAX SERVICES To evaluate and calculate the amount of taxes to be paid, companies can download the Basic Corporate Tax Calculator (BTC). There is tax preparation software for accounting firms that provide accounting services on taxation matters.

There is income tax saving schemes or tax incentives available in Singapore such as EDB, MPA, and MAS. These services provide accounting services to help companies on tax management based on many different sections of income tax. CORPORATE TAX SERVICES Corporate tax services include the preparation of corporate documents and submission of tax returns. It also includes the preparation of the director as well as Form C submission.

COMPILATION OF UNAUDITED FINANCIAL SERVICES Compilation of reports means a compilation of unaudited Financial Statements. Profit and loss statements, balance sheet and financial statements are compiled and audited to give an outlook on the company’s financial standing. XBRL SERVICES Most of the companies earlier file their Financial Statements in PDF format. By adopting XBRL (Business Reporting Language) companies can present their financial statements based on online records. These records can be transferred to the auditor directly. CORPORATE SECRETARIAL SERVICES According to the Singapore Companies Act stipulates that all companies must appoint a Company secretary. The company secretary must be appointed within 6 months. Singapore accounting services include the provision of named company secretary. Sending reminders on filing deadlines. Drafting of Director and shareholder resolutions. These accounting services ensure that the company remains in good legal standing in accordance with local and global legislation needs.

[captainitsjohn-blog]

iXBRL filings is soon to be made mandatory for SEC filers. Here's a closer look on why this is important and why you should adopt this format now. iXBRL is simply a computer-processable and viewable document which combines the qualities of XBRL and HTML in a single document which is viewable in a browser. An iXBRL document is a well-formatted HTML file with the XBRL information embedded beneath.

iXBRL Conversion Service

SEC EDGAR Filing Software