What is XBRL and what does it have to do with APRA?
Data can be bulk imported into D2A. To do this the user must successfully convert their data to XBRL format. An automated XBRL conversion process implemented into your own system can eliminate much of the manual data entry that may currently be required.
XBRL® (eXtensible Business Reporting Language), is a freely available electronic language for financial reporting. It is an XML-based framework that provides the financial community with a standards-based method to prepare, publish in a variety of formats, reliably extract and automatically exchange financial statements information.
XBRL is a standard for exchange of information contained in financial statements and other accounting disclosures. XBRL is ideally placed to enhance the transfer of data between financial institutions and prudential regulators.
APRA has prepared a range of special definition documents, or "taxonomies" that comply with the standards set down by XBRL.ORG, the governing body.
You can find out a range of information about XBRL at the www.xbrl.org web site.
More information...
There is a range of materials available on the internet about XBRL. The following links are particularly useful to APRA reporting entities interested in using XBRL as their import mechanism into our data collection tool D2A.
XBRL® is a trademark of XBRL.ORG; marks of XBRL are registered and held by its host institution AICPA
Links
