Xbrl Training Session
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Transcript of Xbrl Training Session
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A Training Programme
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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
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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
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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
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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.
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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)
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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
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Course Objective:
To enable the participants for filing financial statements in XBRL format
Course 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
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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
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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
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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
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Webtel is the knowledge partner of Takshila for this training programme on XBRL
WebTel Electrosoft Pvt. Ltd. is India's 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
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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