Finance BusinessMetadata
eXtensible Business Reporting Language (xBRL)
by XBRL
xBRL consists of formats for different kinds of business documents, such as financial statements, performance reports, or compliance reports. The standard formats allow the documents to be transmitted and parsed between entities easily
Assessment
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Open License No
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Transferable to Other Jurisdictions Yes
xBRL was created to be used by businesses worldwide
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Stakeholder Participation Yes
The XBRL Consortium has a portal for contributing to the standard and otherwise getting involved in XBRL work
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Consensus-Based Governance Yes
Many large working groups contribute to different aspects of the standard and its extensions
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Extensions Yes
Extensibility is included as a design principle. A Link Role Registry exists for users to share additional roles for reuse
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Human Readable No
Data values are often coded
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Machine Readable Yes
XML schema
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Requires Up-To-Date / Real-Time Data No
Reports are encoded and transmitted case-by-case
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Metadata Yes
Includes reference to xbrl.org instance and w3.org instance