The document discusses the requirements for filing financial statements in XBRL format in India. It states that all listed companies in India, companies with paid up capital over Rs. 5 crore or turnover over Rs. 100 crore, and companies that filed for FY 2010-11 using XBRL must file their balance sheets, profit/loss statements, and other documents in XBRL format for the financial year ending March 31, 2012 or later. Banking, power, NBFC and insurance companies are currently exempted. It provides steps for companies to create and validate XBRL instance documents and attach them to e-forms for filing on the MCA portal.
Xamarin User Group San Diego Kick-Off - a brief introduction to Xamarin platform and tools.
We meet every second Thursday of the month to discuss Xamarin's past, present, and future. For more Meetup details or to join the group visit bit.ly/XamarinUserGroupSanDiego.
Extensible Business Reporting Language (XBRL) is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It is a manner of submission of financial statement with the authorities.
All Companies incorporated in India are required to file their financial statements with the ROC or other authorities, these filings are done by submitting details and copy of balance sheet and profit and loss statement. Such filing can also be completed through XBRL mode whereby financial details of Company are submitted in more exhaustive form with the regulators.
XBRL stands for eXtensible Business Reporting Language - an language for the electronic communication of business and financial data which provides major benefits in the preparation, analysis and communication of business information and offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data; now being put to practical use in a number of countries including India
XBRL will help every organization, in every industry, around the world to internet-enable its business reporting and analysis, and thus reduce their costs and risks and increase their ability to make more informed decisions.
Rashty, J. (2013). An Overview of XBRL Compliance. CPA Journal, 83(8), 67.
Tomado de: Base de datos Universidad Javeriana Business Source Complete (EbscoHost)
Edgar Agents is a full service SEC filing agent providing EDGAR/XBRL/Typesetting conversion and filing services to companies and individuals required to file electronically.
This SlideShare is an overview of XBRL, and how our clients can count on Edgar Agents to expertly lead them through the extensive XBRL process.
Xamarin User Group San Diego Kick-Off - a brief introduction to Xamarin platform and tools.
We meet every second Thursday of the month to discuss Xamarin's past, present, and future. For more Meetup details or to join the group visit bit.ly/XamarinUserGroupSanDiego.
Extensible Business Reporting Language (XBRL) is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It is a manner of submission of financial statement with the authorities.
All Companies incorporated in India are required to file their financial statements with the ROC or other authorities, these filings are done by submitting details and copy of balance sheet and profit and loss statement. Such filing can also be completed through XBRL mode whereby financial details of Company are submitted in more exhaustive form with the regulators.
XBRL stands for eXtensible Business Reporting Language - an language for the electronic communication of business and financial data which provides major benefits in the preparation, analysis and communication of business information and offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data; now being put to practical use in a number of countries including India
XBRL will help every organization, in every industry, around the world to internet-enable its business reporting and analysis, and thus reduce their costs and risks and increase their ability to make more informed decisions.
Rashty, J. (2013). An Overview of XBRL Compliance. CPA Journal, 83(8), 67.
Tomado de: Base de datos Universidad Javeriana Business Source Complete (EbscoHost)
Edgar Agents is a full service SEC filing agent providing EDGAR/XBRL/Typesetting conversion and filing services to companies and individuals required to file electronically.
This SlideShare is an overview of XBRL, and how our clients can count on Edgar Agents to expertly lead them through the extensive XBRL process.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)
Xbrl insights
1. October Issue
XBRL FINANCIAL STATEMENTS – REQUIREMENTS IN INDIA
The following class of companies have to file their Balance Sheet, Profit and Loss Account and
other documents as required under section 220 of the Companies Act, 1956 with the Registrar
using the Extensible Business Reporting Language (XBRL) taxonomy given in Annexure
enclosed to the rules for the financial year ending on or after 31st March, 2012 with e-Form no.
23AC-XBRL and 23ACA-XBRL specified under the Companies (Central Government) General
Rules and Forms, 1956, namely:-
(i) all companies listed in India and their Indian subsidiaries;
(ii) all companies having a paid up capital of Rs 5 crore and above; and
(iii) all companies having a turnover of Rs 100 crore and above.
(iv) all companies who were required to file their financial statements for FY 2010-11, using
XBRL.
However, banking companies, Power companies, Non Banking Financial Companies (NBFC)
and Insurance companies are exempted from XBRL filing till further order.
INSIDE THIS ISSUE
2. WHAT IS XBRL
3. HOW XBRL WORKS
4. FILE STATEMENTS IN XBRL FORMAT ON MCA FORMAT
5. WHY XBRL?
Xbrl – an insight
“XBRL will move
from the early adopter
phase to become the
generally accepted
way to report
business information”
2. Xbrl-an insight
What is XBRL?
XBRL is a data-rich dialect of
XML (Extensible Markup
Language), the universally
preferred language for
transmitting information via the
Internet. It was developed
specifically to communicate
information between businesses
and other users of financial
information, such as analysts,
investors and regulators. XBRL
provides a common, electronic
format for business reporting. It
does not change what is being
reported. It only changes how it
is reported XBRL is a worldwide
standard, developed by an
international, non-profit-making
consortium, XBRL International
Inc. (XII). XII is made up of
many hundred members,
including government agencies,
accounting firms, software
companies, large and small
corporations, academics and
business reporting experts. XII
has agreed the basic
specifications, which define how
XBRL works.
1
XBRL makes the data readable, with the help of two documents –
Taxonomy and instance document. Taxonomy defines the
elements and their relationships based on the regulatory
requirements. Using the taxonomy prescribed by the regulators,
companies need to map their reports, and generate a valid XBRL
instance document. The process of mapping means matching the
concepts as reported by the company to the corresponding
element in the taxonomy. In addition to assigning XBRL tag from
taxonomy, information like unit of measurement, period of data,
scale of reporting etc., needs to be included in the instance
document.
The entire process of XBRL conversion can be shown in 7 steps as
in the next page.
How xbrl works?
3. 3
2
Documents Required
For XBRL Conversion:
a) Audited Accounts including
Balance Sheet, Profit & Loss
account and Cash Flow
Statement
b) Director’s Report
c) Auditor’s Report
d) Subsidiary Company
Information
e) Additional information
required under XBRL
Taxonomy.
Steps for filing financial statements in XBRL format on MCAportal:
• Creation of XBRL instance document
• Download XBRL validation tool
• Load the instance document
• Validate the instance document
• Pre-scrutiny of the instance document
• Convert to pdf and verify the contents of the instance document. (This step is essential to ensure
that the disclosures contained in XBRL document are as per Audited Financial Statement adopted in
the AGM and the textual information entered in the instance document are clearly viewable)
• Attach instance document to the Form 23AC-XBRL and Form 23ACA-XBRL
• Submitting the Form 23AC-XBRL and Form 23ACA XBRL on the MCA portal
• Viewing of balance sheet and profit and loss submitted in XBRL form on MCA portal
Step1
• ObtainAudited Financial Statements
Step2
• Prepare Source Document
Step3
• Mapping of Source Document with MCA mandatedTaxonomy
Step4
• Validating the mapped document & Error elimination
Step5
• Elimination of errors
Step6
• Approval from Board and Instance Document creation
Step7
• Validation of Instance Document with MCA tool and filing with ROC
4. Arsk & co. October issue
STEPS FOR FILING FINANCIAL STATEMENTS IN XBRL FORMAT ON MCA FORMAT:
• Creation of XBRL Instance Document
Download MCA XBRL validation tool
from MCA portal
A Validation Tool has been provided on the MCA
XBRL portal for validating the generated XBRL
instance document. Validating the instance document
is a pre requisite before filing the balance sheet and
profit & loss account on MCA portal.
The MCA XBRL validation tool can be downloaded
from the XBRL website of the Ministry
(www.mca.gov.in/XBRL). This Validation Tool shall
be used for all MCA XBRL filings i.e. Financial
Statement FY 2010-11 (based on previous Schedule
VI) and FY 2011-12 (based on new Schedule VI) as
well as Cost Audit and Compliance Report (which
shall be enabled later in the tool). Before Validating an
Instance document, the applicable taxonomy is to be
selected by the user from the drop down option
“taxonomy”.
Use the tool to validate the instance
document
The next step is to validate the instance document.
The following validations shall be performed by the
tool-
• Validating that the instance document is as per the
latest and correct version of taxonomy prescribed
by MCA
• All mandatory elements have been entered
• Business Rules as specified by MCA
• Validations relating to XBRL technical
Specifications as per taxonomy
5. Perform pre-scrutiny of the validated instance document through the tool
Once the instance document is successfully validated from the tool, the next step is to pre-scrutinize the
validated instance document with the help of the same tool. For pre-scrutinizing the instance document,
a working Internet connection shall be required. In the Pre-scrutiny, the server side validations (i.e.
validations which are to be validated from the MCA21 system) shall be performed.
Final verification post pre-scrutiny of the document
Once the instance document has been successfully pre-scrutinized, the next step is to generate pdf by
using ‘Export to pdf’ functionality in the tool to verify the final instance document. It is imperative that
the company and the professional certifying the instance documents should use this feature to verify the
accuracy of the instance document.
Attach instance document to the Form 23AC-XBRL and Form 23ACA-XBRL
There is a separate set of Form 23AC-XBRL and Form 23ACA-XBRL available on the MCA portal for
filing in XBRL instance documents by the Company under section 220 of the Companies Act. First fill
up the Form 23AC-XBRL and Form 23ACA-XBRL. Thereafter, attach the validated and pre-
scrutinized instance document for Balance sheet to Form 23AC-XBRL. Similarly, the instance
document for Profit and Loss account is to be attached to Form 23ACA-XBRL. Separate instance
documents need to be prepared for Standalone financial statements and consolidated financial
statements.
Submitting the Form 23AC-XBRL and Form 23ACA-XBRL on the MCA portal
After the forms are filled, you are required to perform pre-scrutiny of the form, sign the form and then
upload the same as per the normal e-Form filing process. It shall be validated that the attached instance
documents are validated and pre-scrutinized from the XBRL validation tool.
Viewing of balance sheet and profit and loss submitted in XBRL form on MCA portal
The XBRL instance documents submitted along with Form 23AC-XBRL and 23ACA-XBRL are in machine-
readable format. Therefore, for viewing the same in a human readable format, these shall be converted into
human readable format by the MCA21 system. For viewing the same on MCA portal and for taking certified
copies of the same, these converted documents shall be made available.
6. The advantages of XBRL data over conventional forms of data are given below:
Standard - XBRL is a standard that has been accepted and adopted the world over thus
reducing inconsistencies in terminologies and data formatting.
Accuracy - XBRL provides highly accurate data as the data can be both calculated and
verified.
Speed - XBRL allows much faster and real-time preparation of reports and at the same
time allows efficient, accurate and relevant ways to search data
Reusable - XBRL data once entered can be reused to represent the same data in multiple
ways and multiple formats.
Platform Independent - XBRL is an open standard and hence platform independent,
this allows the data to be exchanged and transferred with ease.
Region Independent - XBRL allows the presentation and exchange of data in many
different languages.
BY:
CA. SAWAN KUMAR
(MBA, ACA, DISA (ICAI)
ARSK & CO.
30 BENTICK STRET, 3RD
FOOR, R NO. 308,
033-40043220 OR 9831736959 OR CASAWANK@GMAIL.COM