XBRL (eXtensible Business Reporting Language) is an open specification that uses XML-based data tags to describe financial statements for both public and private companies. It is intended for use in the preparation and exchange of business reports and data. XBRL was developed to provide an XML-based framework that global businesses can use to create, exchange, and analyze financial reporting information including annual and quarterly financial statements, general ledger information, and audit schedules.
XBRL is freely licensed and facilitates the automatic exchange and reliable extraction of financial information among various software applications anywhere in the world.
CaseView's support of XBRL extends to include the most recently developed features and standards, such as
- The ability to apply dimensional context to values which, in the past, may have required the manual creation of a tag. Please note, the taxonomy must support Dimensions for this feature to be available.
- Support of the 2.1 taxonomy standard.
- The ability to export the CaseView document and their subdocuments as an Inline XBRL enhanced HTML document.
CaseView documents and their subdocuments can be tagged with XBRL information and then used to export any document in an XBRL format. This process is simplified if the CaseView document is created using map numbers and the map numbers have already been associated with the XBRL taxonomy in Working Papers Time.
To export a document and their subdocuments as XBRL:
- Analyze the document and their subdocuments to determine the kinds of data it contains, such as the date sequences (monthly, yearly, etc.), or types of data (actuals, priors, etc.). Create "contexts" for each of those combinations. See XBRL and context for more details.
- Determine if there are any tags in the taxonomy that do not have corresponding data in the body of the CaseView document that is to be included in the final XBRL file. Create Global Context tags for this data.
- Work through the CaseView document and their subdocuments tagging appropriate information, including notes to the financial statements, if desired.
- Export the XBRL document. Correct any problems with the tagging as recorded in the diagnostics dialog.
- During the export, and additional diagnostic is performed to confirm the numeric items in the document sum correctly.
CaseView also offers the option to export a document in an HTML format with Inline XBRL. To an average user, this document would behave as a traditional HTML document and would be compatible with all popular web-browser packages. However, embedded within the HTML coding are the pre-established XBRL tags, which can be read by other software packages which are Inline XBRL compatible.
For more information on XBRL, see the XBRL website.
- About Taxonomy
- Creating Global Context Tags
- Assigning Taxonomy Tags
- Tagging Documents for XBRL
- Tagging Financial Statements Notes
Working with XBRL documents