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XBRL fact sheet
XBRL (eXtensible Business Reporting Language) is a royalty-free, open
specification for software that uses XML data tags to describe financial
information for public and private companies and other organizations. XBRL's
value is in connecting systems, and this is managed through the XBRL
Consortium's Conformance Suite process. When working with XBRL, it is important
to ensure your standardisation by checking your adviser's pass / fail status on
the Conformance Suite tests.
INMAN provides solutions for Business Reporting. The INMAN philosophy is to
build an agile business layer around existing enterprise systems, giving
clients all the benefits of contemporary products such as XBRL, whilst
protecting their substantial investment in their existing enterprise system
and database.
XBRL plays a key role in the INMAN philosophy. We use XBRL to develop
intelligent, self validating on-line applications, as well as building the
often complex benefit and investment calculations required by our clients.
By integrating XBRL into the enterprise database and/or an automated
workflow system we substantially minimise the business and compliance risks
associated with Business Reporting.
XBRL benefits all members of the financial information supply chain. XBRL is:
INMAN is a member of XBRL Australia.
For a white paper that summarises XBRL well in a 14 page PDF, see
Software AG's
Understanding the XML Standard for Business
Reporting and Finance
For a white paper that focuses on Banking in a 12 page PDF, see Ernst &
Young and Morgan Stanley's
Web-enabled business reporting for the
Banking Industry
For global information on the leading Taxonomy Builder and XBRL
Repository, see http://www.ubmatrix.com
For more information on XBRL go to http://www.xbrl.org.au
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