XBRL is the emerging language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in using financial data.
XBRL stands for eXtensible Business Reporting Language. It is one of the family of “XML” Languages which is becoming a standard means of communicating financial and business information between business and on the internet.