Editing XBRL (section)

{{Short description|Exchange format for business information}}
{{Infobox file format
| name = eXtensible Business Reporting Language
| icon = [[File:XBRL.svg|300px]]
| extension = .xbrl<span style="font-family: sans-serif;">,</span> .xml
| mime = application/xml
| owner = [[XBRL International]]
| released = {{Start date and age|2003|12|31}} 
| latest release version = v2.1 (with errata corrections)
| latest release date = {{Start date and age|2013|02|20}}
| genre = [[Markup language]]
| extendedfrom = [[XML]]
| standard = XBRL 2.1 Specification<ref>{{cite web|title=Extensible Business Reporting Language (XBRL) 2.1; Recommendation 31 December 2003 with errata corrections to 20 February 2013|url=http://www.xbrl.org/Specification/XBRL-2.1/REC-2003-12-31/XBRL-2.1-REC-2003-12-31+corrected-errata-2013-02-20.html|publisher=[[XBRL International]]|date=20 February 2013|url-status=live|archive-url=https://web.archive.org/web/20140601082820/http://www.xbrl.org/Specification/XBRL-2.1/REC-2003-12-31/XBRL-2.1-REC-2003-12-31+corrected-errata-2013-02-20.html|archive-date=1 June 2014}}</ref>
}}
{{Accounting}}

'''XBRL''' ('''eXtensible Business Reporting Language''') is a freely available global framework for exchanging business information.  XBRL allows the expression of [[Semantics#Computer science|semantics]] commonly required in [[Financial reporting|business reporting]]. The standard was originally based on [[XML]], but now additionally supports reports in JSON and CSV formats, as well as the original XML-based syntax.  XBRL is also increasingly used in its [[Inline XBRL]] variant, which embeds XBRL tags into an HTML document.  One common use of XBRL is the exchange of financial information, such as in a company's annual financial report. The XBRL standard is developed and published by [[XBRL International]], Inc. (XII).

XBRL is a standards-based way to communicate and exchange business information between business systems. These communications are defined by [[metadata]] set out in [[Taxonomy (general)|taxonomies]], which capture the definition of individual [[Financial reporting|reporting]] concepts as well as the relationships between concepts and other [[semantic]] meaning.  Information being communicated or exchanged is provided within an [[#XBRL Instance|XBRL instance]].

Early users of XBRL included regulators such as the U.S. [[Federal Deposit Insurance Corporation]]<ref>{{cite web|title=Improved Business Process Through XBRL: A Use Case for Business Reporting|date=31 January 2006|publisher=FFIEC Federal Financial Institutions Examination Council|url=http://www.xbrl.org/Business/Regulators/FFIEC-White-Paper-31Jan06.pdf|url-status=live|archive-url=https://web.archive.org/web/20110727185407/http://www.xbrl.org/Business/Regulators/FFIEC-White-Paper-31Jan06.pdf|archive-date=27 July 2011}}</ref> and the [[Committee of European Banking Supervisors]] (CEBS).<ref>{{cite web |url=http://www.eurofiling.info |title=Eurofiling Initiative |publisher=Eurofiling.info |access-date=2013-04-22 |url-status=live |archive-url=https://web.archive.org/web/20130417125209/http://www.eurofiling.info/ |archive-date=2013-04-17 }}</ref>   Common functions in many countries that make use of XBRL include regulators of stock exchanges and securities, banking regulators, business registrars, revenue reporting and tax-filing agencies, and national statistical agencies.

A list of known XBRL projects is published by XBRL International.<ref>{{cite web|url=https://www.xbrl.org/the-standard/why/xbrl-project-directory/|title=XBRL Project Directory}}</ref> Starting in the late 2000s, agencies such as the [[U.S. Securities and Exchange Commission|Securities and Exchange Commission]] (SEC), the United Kingdom's [[HM Revenue and Customs]] (HMRC), and Singapore's [[Accounting and Corporate Regulatory Authority]] (ACRA),<ref>{{cite web|title=Filing Financial Statements in XBRL Format|date=28 April 2019|publisher=Accounting and Corporate Regulatory Authority|url=https://www.acra.gov.sg/how-to-guides/filing-financial-statements-in-xbrl-format}}</ref> began to require companies to use it, and other regulators followed suit.<ref>[http://www.ft.com/cms/s/0/f17c6ada-01b9-11e0-9c3e-00144feab49a.html#axzz1870VA7Ui Regulators are serious about universal financial language] {{webarchive|url=https://web.archive.org/web/20101212094204/http://www.ft.com/cms/s/0/f17c6ada-01b9-11e0-9c3e-00144feab49a.html |date=2010-12-12 }} [[Financial Times]] 8-Dec-2010</ref><ref>{{Cite web|url=https://www.sec.gov/structureddata/osd-inline-xbrl.html|title=SEC.gov &#124; Inline XBRL|website=www.sec.gov}}</ref> Development of the SEC's initial [[US GAAP]] Taxonomy was led by [[XBRL US]] and was accepted and deployed for use by public companies in 2008 in phases, with the largest filers going first: foreign companies which use International Financial Reporting Standards (IFRS) are expected to submit their financial returns to the SEC using XBRL once the IFRS taxonomy has been accepted by the SEC. In the UK in 2011, both HMRC and Companies House accepted XBRL in the iXBRL format. XBRL was adopted by the [[Ministry of Corporate Affairs]] (MCA) of India for filing financial and costing information with the Central Government.<ref>{{cite web |url=http://mca.gov.in/XBRL/ |title=XBRL Filing in MCA21 |publisher=Ministry of Corporate Affairs |access-date=2013-06-20 |url-status=live |archive-url=https://web.archive.org/web/20130620142538/http://mca.gov.in/XBRL/ |archive-date=2013-06-20 }}</ref>