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The SEC requires all public companies to submit filings in eXtensive Business Reporting Language commonly known as XBRL format. XBRL mandate requires all Public Companies to submit exhibits containing XBRL data with certain SEC filings. The exhibits include Company’s Financial Statement, Footnotes tagged in XBRL format.
What is XBRL? 1
“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 organizations rapidly, accurately and digitally.
The change from paper, PDF and HTML based reports to XBRL ones is a little bit like the change from film photography to digital photography, or from paper maps to digital maps. The new format allows you to do all the things that used to be possible, but also opens up a range of new capabilities because the information is clearly defined, platform-independent, testable and digital. Just like digital maps, digital business reports, in XBRL format, simplify the way that people can use, share, analyze and add value to the data.”
Congratulation Solution offer accurate, cost effective service and quick turnaround time for XBRL Service. Congratulation Solution has been providing XBRL service since 2011 to various filing agents and fund houses. Congratulation Solution’s team consist of US based CPA and Indian CPA having years of experience in US GAAP & XBRL. Congratulation Solution’s full service allows you to ensure faster turnaround time, error free output and allows any number of changes till the filing is completed at no additional cost.
For more details and to avail a FREE TEST Filing contact us at financial@csxbrl.com
1 https://www.xbrl.org/the-standard/what/an-introduction-to-xbrl/
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