With the increasingly competitive and globalised business environment, it becomes imperative for businesses to stay abreast with the what's happening around the world and keep evolving as the world transforms. One of the things that are equally important is the way companies communicate their financial reports to the users of financial statements. Different countries, different reporting standards and Generally Accepted Accounting Principles (GAAPs). For better integration came the International Financial Reporting Standards (IFRS). Then was the question of how should the numbers be communicated. The Medium? The answer was XBRL. What is XBRL? XBRL is an acronym of eXtensible Business Reporting Language is an XML based technology standard set to improve the way in which the business financial information is created, stored and retrieved. It is a transformation of the business reporting framework which is changing the communication and reporting of business and financial da
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