XBRL Conversion Steps
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XBRL Conversion Steps

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Volition LLP's free guide to XBRL Conversion. The guide helps you step by step XBRL Conversion Process. The guide also presents sample of XBRL Report to be filled with the MCA. Sample XBRL Report to ...

Volition LLP's free guide to XBRL Conversion. The guide helps you step by step XBRL Conversion Process. The guide also presents sample of XBRL Report to be filled with the MCA. Sample XBRL Report to be filled with MCA requires xml viewer to be interpretted in human readable format.

Volition LLP could provide XBRL Outsourcing Services to Companies in India, we could also provide Free XBRL Software Trial License to help companies test the Software before purchasing.

The XBRL Software contains:

XBRL Mapping Tool or
XBRL Tagging Tool;
In built XBRL Validation Tool;

The software allows easy conversion of .xls document to .xml format; i.e conversion of excel documents to XBRL Reports as per the MCA's Taxonomy.

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    XBRL Conversion Steps XBRL Conversion Steps Presentation Transcript

    • XBRL Brief Overview Bridging the digital divide Mr. Sachin Trivedi Email: sachin.trivedi@volitionllp.com Mobile: +91-99030-37609Page www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 2 01-10-2011 www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 3 01-10-2011 www.volitionllp.com Volition LLP
    • Introduction of Volition LLP Volition LLP is a management consulting firm, advising organizations on emerging issues like IFRS and XBRL. Volition LLP has been assisting some of the largest companies of India with IFRS Conversion and is set to bridge the digital divide with XBRL Services. Reporting Standard S.L. is a Spanish IT company that expands its business activity in three areas: Software development, Consulting Services and development of the XBRL standard. Volition LLP along with Reporting Standard will empower organizations to deliver, error free and satisfactory eXBRL reports to the regulators, making us XBRL Solution providers of your choice.Page 4 01-10-2011 www.volitionllp.com Volition LLP
    • XBRL & Volition LLP Volition LLP is one of the leading software vendors of XBRL Software and XBRL Outsourced Service Provider. XBRL Software XBRL Outsourced Conversion Services XBRL Training across the cities Our entire offering on XBRL helps companies in filing satisfactory eXBRL reports to the regulators, making us XBRL Solution providers of your choice. An experienced, well trained team of professionals execute each conversion engagement accurately. For Trial License of the Software, Outsourced Services or Training Contact Us @ Mr. Sachin Trivedi Email: sachin.trivedi@volitionllp.com Mobile: +91-99030-37609Page 5 01-10-2011 www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 6 01-10-2011 www.volitionllp.com Volition LLP
    • What is XBRL XBRL stands for eXtensible Business Reporting Language . XBRL is a data-rich dialect of XML (Extensible Markup Language), the universally preferred language for transmitting information via the Internet. XBRL is a standard format for reporting financial data. Instead of treating financial information as a block of text - as in a standard internet page or a printed document - XBRL provides an identifying tag for each individual item of data, which are computer readable. XBRL does not change what is being reported. It only changes how it is reported.Page 7 01-10-2011 www.volitionllp.com Volition LLP
    • Facts you did not know about XBRLApril 1998 - XBRL is ConceivedCharles Hoffman, a CPA with the firmKnight Vale and Gregory in Tacoma,Washington, investigates how XML couldbe used for electronic reporting of financialinformation. Charlie begins developingprototypes of financial statements and auditschedules using XML. First jurisdictions to October 1999 - AICPA Hosts First Meeting adopt XBRL The first meeting of the XBRL Steering Committee takes place in the offices of the AICPA in New York City. At this meeting, the development begins on the first taxonomy: XBRL for Financial XBRL Statements for the Commercial and Industrial Concept Sector, which represents about 80% of all publicly-traded U.S. companies. October 2001 - XBRL Jurisdictions are Formed XBRL Australia, XBRL Canada, XBRL Germany, XBRL IASB, XBRL Creation of First Japan, XBRL-Netherlands, and Taxonomy. XBRL-UK form the first jurisdictions Commercial and to support the development of XBRL. IndustrialPage 8 01-10-2011 www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 9 01-10-2011 www.volitionllp.com Volition LLP
    • Why XBRL? The global XBRL movement has ushered in a new age of financial reporting. XBRL, often referred to as "Interactive Data", gives the financial community a standards-based method to prepare, publish, exchange, search, and analyze financial statements of both public and private concerns – across all software formats and technologies. XBRL was made compulsory in India from financial year 2010-11. XBRL data is more robust, accurate, and transparent than data in financial statements that appears in legacy electronic and paper reports. For investors and analysts, XBRL eliminates the time, labor, and errors.Page 10 01-10-2011 www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 11 01-10-2011 www.volitionllp.com Volition LLP
    • Scope of XBRL According to Circular No. 37 of the MCA following companies need to file Financial Statements in XBRL format from the year 2010-11: (i) All companies listed in India and their Indian subsidiaries; (ii) All companies having paid up capital of ` 5 crore or above, (iii) All companies having turnover of ` 100 core or above. However banking companies, non banking financial companies, insurance companies, power companies are exempted from XBRL filing till further order.Page 12 01-10-2011 www.volitionllp.com Volition LLP
    • 4 XBRL Process Flow Test 2 Validate the Instance Document with the Validation Tool provided by the MCA 1 2 3 5 Traditional Financial Final Converted Filing the XML Financial Statement Data Instance Instance Statement “Mapped” using Document for document with Presentation XBRL Taxonomy filing the MCA Validate the Instance Document on creation of the instance document with the internal Validation Tool Test 1Page 13 01-10-2011 www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 14 01-10-2011 www.volitionllp.com Volition LLP
    • Tools and Reports- Screen Shot of the SoftwarePage www.volitionllp.com Volition LLP
    • Tools and Reports- Screen Shot of the MappingPage www.volitionllp.com Volition LLP
    • Contents // Introduction to Volition LLP // What is XBRL // Why XBRL // Scope of XBRL // Tools and Reports // Final Deliverable and Example of Instance documentPage 17 01-10-2011 www.volitionllp.com Volition LLP
    • Screen Shot of the Final Instance DocumentPage www.volitionllp.com Volition LLP
    • Volition LLP Environment | Finance About Volition Business Solution LLP Volition is a professional consulting firm focused primarily on consulting with regard to environment, finance, strategy and human capital. We thrive to serve our clients and provide them with workable solutions. About Volition’s Services We specialize in Environment, Finance and Strategy, providing services across Carbon Strategy, Footprint, Sustainability Advisory and IFRS, Valuation, Due Diligence Advisory. We have a strong team of people who have exposure to working in the world’s largest consulting and audit practices, thereby adhering to strict requirements of Independence, confidentiality and values. We have a good mix of team who has a wide exposure to various sector and industry backgrounds and are ready to provide you with solutions which meet the standards of global best practices. At volition the client is priority and we believe in meeting timelines committed, without compromising on the quality of the services provided. It’s how Volition makes a difference. For more information, please visit www.volitionllp.com. ©2011 VBS LLP. Proprietary and confidential. Do not distribute without written permission.Page www.volitionllp.com Volition LLP
    • Thank You For any further details of the process contact: +91-99030-37609 Mr. Sachin Trivedi Email: sachin.trivedi@volitionllp.comPage www.volitionllp.com Volition LLP