1. M S Godbole & Co
Chartered Accountants
M S GODBOLE & CO,
CHARTERED ACCOUNTANTS

2. Introduction
 XBRL is a world-wide standard, developed by an
international, non-profit-making consortium, XBRL
International Inc. It is made up members, including
government agencies, accounting firms, software
companies, academics and business reporting experts
from worldwide. It has agreed the basic specifications
which define how XBRL works.
M S GODBOLE & CO

3. Why use XBRL?
 Provides a database-like structure, using text files
 Defines a collection of financial facts for a specific report,
industry, and jurisdiction (taxonomy)
 Facilitates the data exchange between proprietary systems
 Promotes the re-use of data with far less effort
M S GODBOLE & CO

4. Meta Data
 Metadata is defined as data providing information about
one or more aspects of the data, such as:
 Means of creation of the data
 Purpose of the data
 Time and date of creation
 Creator of data
 Placement on a computer network where the data was
created
M S GODBOLE & CO

5. Schemas:
 Standard data naming convention
 Micro Data Reference Manual
 Standard used for all data series
 Standard customer information
 National Information Center
 Standard customer ID
 Begin and End dates - Version
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6. XBRL Concepts:
 XBRL is an extension of XML
 It is a set of files referred to as an XBRL framework
For Example:
 Validation Criteria
 Report Instructions
 Business Rules
 Presentation
 Micro Data Reference Manual
 Consists of XML files and XSD files (XML Schema
Definition)
 Utilizes the concept of link bases which provides the ability
to link XML files together
M S GODBOLE & CO

7. Tags:
 Computers can treat information that has been tagged using
XBRL ‘intelligently’; they can recognize, process, store,
exchange and analyze it automatically using software.
 As XBRL tags are formed in a universally accepted way, they
can be read and processed by any computer that has XBRL
software. XBRL tags are defined and organized using
categorization schemes called taxonomies.
M S GODBOLE & CO

8. XBRL Detail Concepts:
 XBRL Taxonomies
 Defines a set of business report concepts that can be
used in the exchange of financial information. The
concept types are further defined in an XSD file.
<XBRLTags>
<Tag name=”Name”>
Micro <Tag name=”Address”>
data reference <Tag name=”Revenue”>
manual
<Tag name=”Expense”>
<Tag name=”SubmissionPeriod”>
</XBRLTags>
M S GODBOLE & CO

9. XBRL Detail Concepts:
 Instructions
 Instructions can be associated with each XBRL tag
element that is defined.
<Instructions>
<Instruction tag=”Name”>
Enter the business name
</Instruction>
<Instruction tag=”Revenue”>
Enter the revenue for the current period
</Instruction>
<Instruction tag=”Expense”>
Enter the expense for the current period
</Instruction>
</Instructions>
M S GODBOLE & CO

10. XBRL Detail Concepts:
 Business Rules
 Business Rules can be defined for business reports and forms by
using a syntax language that refers to XBRL tags and predefined
functions. Examples of functions, validations, or edits could be:
 Expense > 0
 Revenue > PREVIOUS(Revenue)
<Calculations>
<Calculation tag=”Name” function=”MustExist(Name)”
error=”Name must exist”/>
<Calculation tag=”Revenue” function=”PREV(Revenue) < Revenue”
error=”Revenue must increase”/>
<Calculation tag=”Expense” function=”Expense > 0”
error=”Expense must be greater than zero”/>
</Calculations>
M S GODBOLE & CO

11. XBRL Detail Concepts:
 Instance files
 Instance files contain data for a business form or
report.
<InstanceData>
<Data tag=”Name” value=”First Union Bank” />
<Data tag=”Period” value=”2002-03-31” />
<Data tag=”Revenue” value=”13893288” />
<Data tag=”Expense” value=”293388” />
</InstanceData>
M S GODBOLE & CO

12. Transport Mechanism:
 Web Services
 SOAP -Simple Object Access Protocol
 It is simple XML-based protocol to let applications exchange information
over HTTP.
 WSDL - Web Services Description Language
 WSDL is a document written in XML. The document describes a Web
service. It specifies the location of the service and the operations (or
methods) the service exposes
 Security
 WS-I
 It provides interoperability guidance for core web services specifications
such as SOAP,WSDL
 SSL-Secure sockets layers
 The Secure Sockets Layer (SSL) is a commonly-used PROTOCOL for
managing the security of a message transmission on the Internet
 Connectivity requirements
 Adequate bandwidth with Internet connectivity
M S GODBOLE & CO

13. System Requirement:
 Dual Screens (min. resolution 1024 x 768)
Minimum of 4 GB RAM 80 GB Hard Disk Space
 Windows Operating System (XP, Vista, 7 or above)
Microsoft Office
.NET Framework 3.5
Compact 3.5.1
JDK (Java Development Kit) 1.5 or above
M S GODBOLE & CO

14. MCA Mandate:
Which accounting principles are used-
-IGAAP
Public Float exceeding Rs 5 cr (Paid up Capital)
Turnover exceeding Rs 100 Cr
Listed entities on NSE and BSE and their Indian
Subsidiaries
Detail tagging : No grace period - 31st December 2011.
M S GODBOLE & CO

15. Taxonomy Overview:
 Taxonomy tailored to MCA Reporting Requirements
 Multi dimensional in nature and template based
information capture
 Taxonomies enable computers with XBRL software to:
 understand what the tag is (e.g. whether it is a
monetary item, a percentage or text);
 what characteristics the tag has (e.g. if it has a
negative value);
 its relationship to other items (e.g. if it is part of a
calculation).
M S GODBOLE & CO

16. M S GODBOLE & CO

17. ICAI Taxonomy Structure:
 Industry-based classification
 Commercial and Industrial companies
 Banking companies
 Non-Banking Financial companies
 Power companies
 Insurance companies
 Core Schema
 Exhaustive list of all element declarations
 Common elements defined once
 Distinct extended links for each industry
M S GODBOLE & CO

18. Data Model Issues:
Notes to accounts information is largely tabular and therefore is
 Multi-dimensional data
 Data points having similar attributes
M S GODBOLE & CO

19. Methodology:
 Automated Extraction
 Patch to existing Software
 Service Providers – Conversion of data into XBRL format
M S GODBOLE & CO

20. M S GODBOLE & CO

21. M S GODBOLE & CO

22. M S GODBOLE & CO

23. M S GODBOLE & CO

24. Taxonomy categorization
 Company Information
 Financial Information
 Disclosures
 Notes
M S GODBOLE & CO

25. Taxonomy categorization
 Company Information
Name
CIN
PAN
Consolidated / Standalone
Reporting Period
Reporting Authority
Address
Industry Type
M S GODBOLE & CO

26. Taxonomy categorization
 Financial Information
SourcesAndApplicationOfFunds
TotalAssetsLiabilities
ScheduleShareCapital
ScheduleReservesAndSurplus
ScheduleFixedAssets
ScheduleFixedAssetsNetGrossClassification
ScheduleInvestments
AdditionalDetailsBalanceSheet
IncomeStatementMain IncomeStatement
Alternative ScheduleIncome
ScheduleExpenditure
AdditionalDetailsIncomeStatement
StatementOfCashFlowsIndirectMethod
M S GODBOLE & CO

27. Taxonomy categorization
 Disclosures
DisclosuresAuditorsReport
DisclosuresDirectorsReport
DisclosuresSignatoriesOfBalanceSheet
M S GODBOLE & CO

28. Taxonomy Categorization:
 Notes
NotesAccountingPoliciesAndBasisOfPresentation
NotesChangesInAccountingPoliciesAndEstimates
NotesPriorPeriodAndExtraordinaryItems
NotesForeignExchangeTransactions
NotesSegmentReporting Notes
NotesRelatedParties
NotesEarningsPerShare
NotesSubsidiaryInformation
NotesInvestmentsInAssociates
NotesInvestmentsInJointVentures
NotesDirectorsRemunerationAndOtherInformation
NotesAuditorsRemuneration
NotesOtherDisclosures
M S GODBOLE & CO

29. General Features
 1.Validation –Mandatory , Data , Business rules
 2. Parent and child
 3. Footnotes
 4. Tuples - Tuples are type of elements which have multiple values for a given
reporting period
 5. Edit
 6. Collapse / Expand features
 7. Save / Validate each page
M S GODBOLE & CO

30. Practical Issues
 Rounding off
Shareholding Pattern
 Multiple Tuples
Subsidiary and Related parties
 Fixed Assets Schedule
Difference in totals
 Actual figures of amount
 Error Management – Ticket with MCA
M S GODBOLE & CO

31. M S GODBOLE & CO

32. Agenda:
 Introduction
 Client case
 MCA mandate
 Client request
 Approach
M S GODBOLE & CO

33. Client Case:
 ABC Company listed on BSE / NSE
 Indian Gaap
 Public Float > 5 cr
 Year End 31/03
M S GODBOLE & CO

34. Steps for e Filing of XBRL documents:
1. Creation of XBRL instance document
2. Download XBRL validation tool
3. Load the instance document
4. Validate the instance document
5. Pre-scrutiny of the instance document
6. Convert to pdf and verify the contents of the instance
document.
7. Attach instance document to the Form 23AC-XBRL and
Form 23ACA-XBRL
8. Submitting the Form 23AC-XBRL and Form 23ACAXBRL on the
MCA portal
M S GODBOLE & CO

35. Thanks
Mandar S Godbole
camsgodbole@gmail.com
M S GODBOLE & CO