2. XBRL is a language for electronic communication of business and
financial information between business and over internet
XBRL stands for eXtensible Business Reporting Language
It is one of the family of "XML" languages
It is an open standard, free from any licence fees
It is software independent
Revised Schedule VI is a New Format of Balance Sheet & P&L
Mandatory by MCA.
Revised Schedule VI is to be applicable to all Companies
3. XBRL is being developed by XBRL International Inc., an
international non-profit consortium of approximately 450 major
companies, Accounting Firms, IT Companies, Regulatory Bodies,
Government Agencies etc.
XBRL is already being put to practical use in USA, UK, China,
Japan, Singapore, France, Belgium, Netherlands, Australia etc.
India has just embarked upon this global standard for business &
financial reporting through initiative of MCA 21 filing
4. Major benefits at all stages of business reporting & analysis
Automation, cost savings, faster, more reliable & more accurate
handling of data
Allows for processing & checking of collected data by use of
computer software
Enables Electronic Data Interchange (EDI)
Improves analysis & quality of decision making
Revised Schedule VI is on the lines of IFRS & simplifies Schedule
VI to make it more relevant to the present needs pf globalization
5.
6. It is proposed to include all companies to file their Balance Sheet
and Profit and Loss account statements in XBRL from Financial
Year 2011-12 onwards.
With the development of taxonomies for Banks, Insurance, Non-
Banking Finance Companies and Power sector, the companies
operating in these sectors would also be filing their financial reports
in XBRL from FY 2011-12.
In order to capture sector specific details, it is proposed to allow for
extensions in the taxonomy by the filers from FY 2011-12 onwards.
7. RBI has already implemented XBRL based reporting by banks for
Capital Adequacy Data as per Basel II norms
RBI has plans to convert all other returns on XBRL in next couple
of years
SEBI has started developing a Platform for XBRL based filing by all
listed Companies
CERC is developing an XBRL based Regulatory Information
Management System (RIMS)
8. India is a hot destination for XBRL data conversion work
A major portion of US SEC filing work is being outsourced to India
MNCs such as Merrill IT, RR Donley, Aptara have set up offices in
India for XBRL data conversion work
A substantial portion of UK HMRC filing work is expected to be
outsourced to India
Finance Professionals with knowledge of XBRL are in demand for
outsourced work
........need we say more
9. Course Objective:
To enable the participants for filing financial statements in XBRL format
as per Revised Schedule VI
Course Contents:
Background and overview of XBRL
Understanding new XBRL Taxonomy
Complete understanding of the filing process in MCA21
Understanding of Revised Schedule VI Format for Balance Sheet & P&L.
Hands-on practical Session for Preparation of Financial Statement using
automated tool
10.
11. Option 1 Fees: Rs. 3,500.00 + Service Tax (for full-day session)
Option 2 Fees: Rs. 2,000.00 + Service Tax (for a half day session,
first half is concepts while second half is practical aspects)
Payment to be made in favour of ‘Takshila Learning Pvt. Ltd.‘
Payment is acceptable through cash, cheque, credit card or
demand draft
In case of on-line payment through credit card, 7.5% towards bank
charges would be extra
12. Modalities for payment
◦ Cheques to be couriered to 1/44 Lalita Park , Laxmi Nagar, Delhi-110092
◦ Cheques can be deposited in our HDFC Bank Account no.
01442000012558 in any HDFC Bank Branch
◦ For transferring funds on-line through net-banking NEFT, branch IFSC
Code is: HDFC0000144
◦ Call for our executive to pick up the cheque/cash from your doorsteps
13.
14. Webtel is the knowledge partner of Takshila for this training
programme on XBRL
WebTel Electrosoft Pvt. Ltd. is India's leading e-regime
company engaged in complete software solutions and
knowledge process outsourcing activities.
Webtel is known for several of its products in the financial
sector particularly catering to e-filling
15.
16. “When I went for Takshila Learning Institute I had lot of options to
choose from. However, once I did some research on my own to compare
the facilities, the course structure, the faculty etc. I thought that this
institute was the inevitable choice as it had an edge over the rest of
its kind offering the same course. Doing this course from Takshila
Learning institute has given me the insight I was looking for…….. in one
word it was truly a “value for money”.
- Gyan Agarwal, diversified corporate group
“It was truly remarkable to attend the IFRS Diploma Course…….. Thank
you Takshila for having such a powerful impact on all the students you
touch. Keep up the fantastic work!"
- Arghya Mukherjee, leading BPO organization
17. “The faculties possess a good command over the subject. No doubts remain
unresolved. The lectures are interactive. What I liked most is the step by
step problem solving approach followed and taught.”
— S Bhatkar , A leading BPO Services company
“TAKSHILA is providing a good platform for equipping the Indian
accountants to meet the challenges of IFRS conversion. The classes
organized by Takshila are more interactive and based on practical issues.”
- - CA Karm Veer Kalyan Dev
"TAKSHILA’s course was presented in a clear and precise way that was
easy to understand”.
- Pradeep Gorav, Asstt. Manager (F & A)
18.
19. Jubilant Energy GAIL
Zee Turner Ltd. Intercontinental Hotels Group
Valley Iron & Steel Ltd. Deutsche Postbank
Posco Ltd. Wipro
Jaypee Capital
Genpact
BMR Advisors
Cairns India
American Express
ATE India
Dish TV
DMRC
Max Healthcare
Baxy Group
Dominos Pizza