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FAQs on XBRL

  • 1

    What is XBRL?

  • 2

    Who developed XBRL?

  • 3

    What are the advantages of XBRL?

  • 4

    Who can benefit from using XBRL?

  • 5

    What is the future of XBRL?

  • 6

    Does XBRL benefit the comparability of financial statements?

  • 7

    Does XBRL cause a change in accounting standards?

  • 8

    What are the benefits to a company from putting its financial statements into XBRL?

  • 9

    How does XBRL work?

  • 10

    How do companies create statements in XBRL?

  • 11

    Is India a member of XBRL International?

  • 12

    Which taxonomies developed for Indian reporting requirements? Where can I find the taxonomies?

  • 13

    Where can I find more information about XBRL?

  • 14

    What are XBRL Documents?

  • 15

    What is Taxonomy?

  • 16

    What is meant by extending taxonomy?

  • 17

    Are Taxonomies based on any standards?

  • 18

    What is an Instance document?