XBRL

(eXtensible Business Reporting Language)

A Training Programme

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

About XBRL

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

About XBRL Cont…

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

Benefits of XBRL

XBRL in India

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.

Implementation Approach of XBRL in MCA

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)

XBRL in India

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

Opportunity for Finance Professionals

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

Course Objectives & Contents

The Training Program

Title Certificate in XBRL

Duration 1 full-day

Course Fees INR 35,000 (plus service tax)

Mode Physical Live Classes

Start Date

Call @ 8800999284

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

Fees Details

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

Misc Info

3 Mantras of Takshila’s Classes

• Multimedia Driven Classes

1

• Practical Oriented Courses

2

• Conducive Learning Environment

3

Deliver Effective Learning

About Takshila

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

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

About Webtel

Feedback/QueriesCall @ 91-99581 57000