XBRL stands for extensible B usiness and X R eporting L anguage, a "new" standard for digital financial reporting. XBRL is a standard that has been developed in recent years for reporting and analysis of corporate financial information via the Internet and that is critical for the transparency of financial markets. This led to the Directors of Finance, Controllers, Finance Managers, Treasurers, Accounting Managers and any professional involved in the function of financial reporting in their respective companies.
XBRL is an open tool (at no cost to license or use) based on XML. This feature ...