extensible business reporting language

Definition

XBRL is the open international standard for digital business reporting, managed by a global not for profit consortium, XBRL International.

Practical

XBRL provides a language in which reporting terms can be authoritatively defined. Those terms can then be used to uniquely represent the contents of financial statements or other kinds of compliance, performance and business reports. XBRL lets reporting information move between organisations rapidly, accurately and digitally.
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Technical

XBRL stands for eXtensible Business Reporting Language. It is one of a family of “XML” languages which is becoming a standard means of communicating information between businesses and on the internet.
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