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
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
Streamlines data collecting & reporting processes
Allows for processing & checking of collected data by use of
computer software
Enables Electronic Data Interchange (EDI)
Improves analysis & quality of decision making
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
Course Contents:
Background and overview of XBRL
Understanding XBRL Taxonomy
Hands-on practical to convert financial statements into XBRL
format using software tool from Webtel
Complete understanding of the filing process in MCA21
10. Title Certificate in XBRL
Duration 1 full-day
Course
INR 35,000 (plus service tax)
Fees
Mode Physical Live Classes
Start
Call @ 8800999284
Date
11. Option 1 - Total Course Fee: Rs. 3,500.00 (plus service tax)
(includes course notes, lunch and 2 tea breaks)
Option 2 - Total Course Fee: Rs. 2,000.00 (plus service tax)
(for half day of practical training)
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 exécutive to pick-up the cheque/cash from
your door-steps
13.
14. Established in the year 2009 by a group of professionals from
the fields of IT, Telecom & Education
Providing cutting edge education & training solutions that help
students achieve their career objectives efficiently
Currently, focused on providing courses in commerce stream
for students, professionals and corporate
Only organization providing range of courses in the commerce
& finance stream through face-to-face and virtual-live mode
Takshila has a team of qualified faculties who act as trainers
as well consultants in their respective domains
15. 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