Currently RS TECHNOMEDIA is starting to serve Indian company in XBRL filing as per Indian government rule.
(prHWY.com) November 21, 2011 - delhi, India -- RS Technomedia provides services as third party XBRL filing and tagging facility for US based company on minimal annual charge.
These are some information regarding XBRL:
XBRL is a language for the electronic communication of business and financial data. The SEC's Web site defines interactive data as "using technology to provide investors with quicker access to the information they want, in a format they can most easily use." More specifically, the Web site notes "interactive data allows the creation of documents that are machine-readable, so that computers can quickly extract the desired data." The site continues, "Think of every fact in an annual report, every number in a company's financial statements, as having a unique barcode that tells standard software what the item represents and how it relates to other items in the report. Interactive data 'tags' all of the key facts in these large documents, so that software can instantaneously recognize them and serve them up to the investor." This tagging allows investors to "immediately pull out exactly the information they want, and instantly compare it to the results of other companies, performance in past years, industry averages -- however the investor wishes to slice and dice the data."
XBRL provides an identifying tag for each individual item of financial data. For example, "net income" has its own unique tag, which a computer can read, understand, and treat "intelligently." Reference is often made to XBRL "taxonomies." In layman's terms, taxonomy is simply the collection of predefined tags that are available for registrants to "affix" to their financial data (i.e., the listing of available barcodes).
SEC proposed rules?
* Phasing in of XBRL-based submission requirements for all public companies over a three year time line.
* Furnishment of documents as an exhibit to accompany the existing required documents.
* Posting of the interactive data on the filer's corporate Web site.
* Tagging of financial statements and related footnotes and certain required schedules. Requirement for detailed tagging of footnotes and financial statement schedules is phased-in.
The SEC proposed rules initially require XBRL submissions for financial statements included in Form 10-K, 10-Q, and 20-F filings and Registration Statements containing financial statements. This includes the notes to the financial statements and any required financial statement schedules. For the first year of submissions using XBRL, the proposed rules will allow "block tagging" of notes to the financial statements. For the first year in which XBRL is used in submissions, registrants would tag footnote disclosures and financial statement schedules as blocks of text rather than tagging the detailed information contained in the notes and schedules at a more granular level. After the first year of block tagging, filers would be required to tag the disclosures at a more detailed level.
The XBRL submissions will be due to the SEC at the same time as the traditional filings to which they relate. The proposed rules provide two separate 30-day grace periods for the following filings:
* The filer's initial submission of XBRL financial statements, and
* The filer's initial submission of financial statements with detailed tagging of footnotes (as described in FAQ 7).
Companies are also required to post the XBRL documents on the corporate Web site as currently required for traditional filings. A registrant that fails to submit its interactive data on the filing due date will temporarily lose its timely filing status and, consequently, lose eligibility to access the markets using short forms S-3, F-3, or S-8. However, the registrant would be deemed timely again as soon as it furnished the required interactive data.
OUR NEW SERVICE:
Currently RS TECHNOMEDIA is starting to serve Indian company in XBRL filing as per Indian government rule.
our new service helps to client to overcome from expanses for xbrl filing , our professionals helps you in quality xbrl filing on nominal changes.
These are some key terms require for Indian XBRL filing.
XBRL DOCUMENT:
An XBRL document comprises the taxonomy and the instance document. Taxonomy contains description and classification of business & financial terms, while the instance document is made up of the actual facts and figures. Taxonomy and Instance document together make up the XBRL documents.
XBRL INSTANCE DOCUMENT:
An XBRL instance document is a business report in an electronic format created according to the rules of XBRL. It contains facts that are defined by the elements in the taxonomy it refers to, together with their values and an explanation of the context in which they are placed. XBRL Instances contain the reported data with their values and "contexts". Instance document must be linked to at least one taxonomy, which defines the contexts, labels or references.
Thus, in order to concluded the usage and explain the XBRL technology which leads to more information exchanges that can be effectively automated by use. This one standard approach leads to the best interest of the company or more so for the international business interests globally that warrant the accuracy of all the financial data for the end users and early collaborative decisions by the companies or those whose interst is involved for acquisition/ rights etc.
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SOME OF OUR CLIENTS (INDIA)
· KONICA
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PLEASE VISIT :
http://www.rstechnomedia.com/xbrl.php
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