xbrl extensible business reporting language
DESCRIPTION
XBRL eXtensible Business Reporting Language. Week 9 – Lecture 2. All business have to report their financial results. Essentially to shareholders, but also to Authorities and other interested parties like Australian Securities and Investment Corporation Australian Tax Office - PowerPoint PPT PresentationTRANSCRIPT
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XBRL eXtensible Business Reporting Language
Week 9 – Lecture 2
![Page 2: XBRL eXtensible Business Reporting Language](https://reader036.vdocument.in/reader036/viewer/2022062422/56812b9f550346895d8fc5d6/html5/thumbnails/2.jpg)
All business have to report their financial results
• Essentially to shareholders, but also to
• Authorities and other interested parties like
– Australian Securities and Investment Corporation
– Australian Tax Office
– Investment analysts and managers
– Share brokers
– Etc
• Another problem domain is the consolidation of group accounts – some companies have thousands of subsidiaries in dozens of countries
• Financial report are often different for different users
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Company AGL
Managementreports
XBRLstandards
ConsolidatedReporting
DB
Company BGL
Managementreports
XBRLstandards Group
Managementreports
XBRLstandards
ExternalFinancialReports
ASX
ASIC
StockBrokers
FundManagers
ATO
Share-holders
XSD – SchemaXSL – PresentationTaxonomies
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These reports must
• Meet Australian Accounting standards• And now the International Accounting
Standards• These are complex and subject to
interpretation• So no two sets of accounts look the same• They are often big – over 300 pages –
Telstra accounts are 394 pages
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AMP Accounts
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Telstra Accounts
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<ifrs-gp:PropertyPlantEquipmentNet contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">540000</ifrs-gp:PropertyPlantEquipmentNet>
<ifrs-gp:PropertyPlantEquipmentNet contextRef="Prior_AsOf" unitRef="U-Euros" decimals="0">400000</ifrs-gp:PropertyPlantEquipmentNet>
<tr> <td class="Label">Property, Plant and Equipment</td> - <td class="Value"> <xsl:value-of select="format-number(/xbrli:xbrl/ifrs-gp:PropertyPlantEquipmentNet,'#,##0','base')" /> </td> </tr>
XML
XSL
Formattedaccounts