Sometime in 2007-8 the BSE decided to use something called corpfiling to get the information from the public. This replaced the earlier method of collecting information. When a company conducts a board meeting or discusses its quarterly results…it is necessary to tell the stock exchanges and the regulator what was the outcome of the meeting. […]
If you are an accountant, a company secretary, or in someway connected with accounts and annual return, the first question you must have asked yourself is ‘Why XBRL?’ Correct? People do not like change. And this does not change. We will resist change – simply because we are used to a certain style of living. […]
You have just been told by your Company Secretary that your company has to file its Annual Return in XBRL format. What are the options that are available to you? Well there are a few options: 1. Easiest option: Outsource the whole job to many of the people who are willing to do it for […]
XBRL training is a big event happening in the corporate world – especially amongst the financial executives. Let us get somethings very clear. It is necessary to file your Annual Return in xbrl format. This is a company secretary’s responsibility, but the work will have to be done by an accountant. It is obvious that […]
Are you ready for XBRL? Well preparedness for xbrl can mean different things at different levels of the xbrl chain. Board level: If you are a member of the board of directors of a company, you need to know that the Ministry of Corporate Affairs has mandated reporting in XBRL format. You need to know […]
There is a big hoopla about XBRL – and all people talk about ‘data integrity’. Well what is data integrity? Well if you are a user of data in India (no clue how it is abroad) you spend half the time wondering whether the data you are using is correct or not.And for those of […]