Xbrl Training Session


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Hands-On-Training on XBRL ON 8th September,2012

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Xbrl Training Session

  1. 1. A Training Programme
  2. 2.  XBRL is a language for electronic communication of business and financial information between business and over internet XBRL stands for eXtensible Business Reporting Language It is one of the family of "XML" languages It is an open standard, free from any licence fees It is software independent
  3. 3.  XBRL is being developed by XBRL International Inc., an international non-profit consortium of approximately 450 major companies, Accounting Firms, IT Companies, Regulatory Bodies, Government Agencies etc.  XBRL is already being put to practical use in USA, UK, China, Japan, Singapore, France, Belgium, Netherlands, Australia etc. India has just embarked upon this global standard for business & financial reporting through initiative of MCA 21 filing
  4. 4.  Major benefits at all stages of business reporting & analysis Automation, cost savings, faster, more reliable & more accurate handling of data Streamlines data collecting & reporting processes Allows for processing & checking of collected data by use of computer software Enables Electronic Data Interchange (EDI) Improves analysis & quality of decision making
  5. 5.  It is proposed to include all companies to file their Balance Sheet and Profit and Loss account statements in XBRL from Financial Year 2011-12 onwards. With the development of taxonomies for Banks, Insurance, Non- Banking Finance Companies and Power sector, the companies operating in these sectors would also be filing their financial reports in XBRL from FY 2011-12. In order to capture sector specific details, it is proposed to allow for extensions in the taxonomy by the filers from FY 2011-12 onwards.
  6. 6.  RBI has already implemented XBRL based reporting by banks for Capital Adequacy Data as per Basel II norms RBI has plans to convert all other returns on XBRL in next couple of years SEBI has started developing a Platform for XBRL based filing by all listed Companies CERC is developing an XBRL based Regulatory Information Management System (RIMS)
  7. 7.  India is a hot destination for XBRL data conversion work A major portion of US SEC filing work is being outsourced to India MNCs such as Merrill IT, RR Donley, Aptara have set up offices in India for XBRL data conversion work A substantial portion of UK HMRC filing work is expected to be outsourced to India Finance Professionals with knowledge of XBRL are in demand for outsourced work ........need we say more
  8. 8. Course Objective: To enable the participants for filing financial statements in XBRL formatCourse Contents: Background and overview of XBRL Understanding XBRL Taxonomy Hands-on practical to convert financial statements into XBRL format using software tool from Webtel Complete understanding of the filing process in MCA21
  9. 9. Total Course Fee - Rs. 3500/- (all inclusive) (includes the cost of study material, lunch and two tea breaks during the programme) Payment to be made in favour of ‘Takshila Learning Pvt. Ltd.‘ Payment is acceptable through cash, cheque, credit card or demand draft In case of on-line payment through credit card, 7.5% towards bank charges would be extra
  10. 10. Modalities for payment ◦ Cheques to be couriered to 1/44 Lalita Park , Laxmi Nagar, Delhi-110092 ◦ Cheques can be deposited in our HDFC Bank Account no. 01442000012558 in any HDFC Bank Branch ◦ For transferring funds on-line through net-banking NEFT, branch IFSC Code is: HDFC0000144 ◦ Call for our executive to pick up the cheque/cash from your doorsteps
  11. 11.  Provider of cutting edge education & training solutions The core management team comprises of professionals from education, technology and telecommunication background individually having more than 20 years of experience Committed to provide industry-linked training programs that immediately impact the career path of the learner Currently doing courses on DipIFRS, USA CFA, ACCA, FRM and USA CPA Courses are carefully chosen & designed to meet a wide range of training requirements of individuals and corporates
  12. 12.  Webtel is the knowledge partner of Takshila for this training programme on XBRL WebTel Electrosoft Pvt. Ltd. is Indias leading e-regime company engaged in complete software solutions and knowledge process outsourcing activities. Webtel is known for several of its products in the financial sector particularly catering to e-filling
  13. 13.  In financial education for more than 10 years Classes by well known competent faculties Conveniently scheduled weekend classes Bank loan facility available Committed to your success Please visit Takshila’s Website at:- www.takshilalearning.com
  14. 14. info@takshilalearning.comContact Central Helpline no. @91-99581 57000