On this page, We are going to learn about the full form of XBRL and the meaning of XBRL, As well as the meaning, definition, and acronym for XBRL in different categories. So you should read this post till the end.
The Full Form of XBRL: Extensible Business Reporting Language
XBRL Stands for Extensible Business Reporting Language. The eXtensible Business Reporting Language (XBRL) is a computer-based language for communicating business information. It is designed to improve the way financial information is exchanged between businesses and their stakeholders.
The XBRL supports XML syntax and other XML technologies such as XLink, XPath, and Namespaces. A financial statement can be defined and exchanged using XBRL. The XBRL Specification is developed and published by XBRL International, Inc.
For which company XBRL is applicable?
The first time XBRL was used by some governmental regulatory bodies such as the Committee of European Banking Supervisors and the U.S. Federal Deposit Insurance Corporation (CEBS).
After some time, Stock exchange and securities regulators, banking regulators, business registrars, revenue reporting and tax-filing agencies, and national statistical agencies are among the organizations that use XBRL.
Applications of XBRL
XBRL allows businesses to share their financial information in a more consistent and accurate way. This makes it easier for businesses to compare and analyze financial data from different companies.
XBRL is also designed to make it easier for businesses to comply with financial reporting regulations. By using XBRL, businesses can save time and money on compliance costs.
XBRL is an important tool for businesses and their stakeholders. It helps businesses communicate their financial information more effectively and efficiently.
FAQs and the meaning of XBRL?
we have discussed, What Does XBRL stand for, as well as what is the Full Form, meaning, and definition of XBRL. Now we are going to discuss some FAQs that are frequently asked on the internet. So there are many FAQs on the Meaning and the full form of XBRL. let’s explore some of them.
What is the full form of XBRL in banking?
The Full Form of XBRL is Extensible Business Reporting Language in the context of banking. the Definition of XBRL and all possible meanings are given above, You might also like some similar terms related to XBRL.
What is the meaning of XBRL in finance?
The meaning of XBRL is Extensible Business Reporting Language In the terms of Finance. Check out all the meanings of XBRL one by one, You might be searching for another term that is similar to XBRL. since there may be more than one meaning of XBRL.
What does XBRL mean in Software?
XBRL means Extensible Business Reporting Language In the terms of Software. Earlier, we explained what does XBRL means? you can read Most used XBRL Full Form and Meaning. check-out related information in the above section.
What is the XBRL Meaning in Business
The XBRL meaning in Hindi is Extensible Business Reporting Language in the context of Business. It may be more than one meaning of XBRL so check out one by one in the above section.