XBRL eXtensible Business Reporting Language

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    30-Dec-2015

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XBRL eXtensible Business Reporting Language. Week 9 Lecture 2. All business have to report their financial results. Essentially to shareholders, but also to Authorities and other interested parties like Australian Securities and Investment Corporation Australian Tax Office - PowerPoint PPT Presentation

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<ul><li><p>XBRL eXtensible Business Reporting LanguageWeek 9 Lecture 2</p></li><li><p>All business have to report their financial resultsEssentially to shareholders, but also toAuthorities and other interested parties likeAustralian Securities and Investment CorporationAustralian Tax OfficeInvestment analysts and managersShare brokersEtcAnother problem domain is the consolidation of group accounts some companies have thousands of subsidiaries in dozens of countriesFinancial report are often different for different users</p></li><li><p>Company AGLManagementreportsXBRLstandardsConsolidatedReportingDBCompany BGLManagementreportsXBRLstandardsGroupManagementreportsXBRLstandardsExternalFinancialReportsASXASICStockBrokersFundManagersATOShare-holdersXSD SchemaXSL PresentationTaxonomies</p></li><li><p>These reports mustMeet Australian Accounting standardsAnd now the International Accounting StandardsThese are complex and subject to interpretationSo no two sets of accounts look the sameThey are often big over 300 pages Telstra accounts are 394 pages</p></li><li><p>AMP Accounts</p></li><li><p>Telstra Accounts</p></li><li><p>540000 400000 Property, Plant and Equipment - </p><p>XMLXSLFormattedaccounts</p></li></ul>

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