As its name indicates, taxonomy builders use it to force instance creators to enter the value of one element, if they provide the content of another. The Act has subsequently been amended by the Amendment Acts No. To state that meaning of these two is the same and that they can be used interchangeably, taxonomy creators may connect them using "essence-alias" arcrole.
This uses a series of forms in which the key data which will appear in XBRL tags are entered in data entry fields. Bureau of Public Enterprises BPE - An organization responsible for the privatization and commercialization of enterprises.
The Nigerian Bar Association N. In order to make it easier for computers to process their names, they have to obey some rules.
The Council is in charge of the Nigerian Law Schoola vocational institution responsible for the education and training of prospective legal practitioners in Nigeria. For instance, a regulator may want to require disclosures on a particular component of Assets if it appears on the Balance Sheet.
Such business reporting can include: It resembles "essence-alias" relation but is applied for tuples. Select a line and fill in the fields. For example, concepts that appear on the Balance Sheet are instant: This linkbase contains information about which elements roll up to which.
This allows the elements to be arranged in a structure that is appropriate to represent the hierarchical relationships in particular business data.
Label Linkbase[ edit ] This linkbase provides human readable strings for concepts. Second, the measurement reference provides explanations about what determines the value of the element and how it should be calculated.
The linkbase files contain data which is complementary to the raw taxonomy. After you have completed the import of both schemas and linkbases and have applied the linkbases to the schema, you can set up the lines and map the general ledger accounts in the chart of accounts to the appropriate taxonomy lines.
Context data in the instance was collected into a separate element. The definition linkbase provides taxonomy creators with the opportunity to define different kinds of relations between elements. The sign of the relationship depends on the weight attribute that is assigned to the arc connecting two elements.
The study considers that these errors are serious, since XBRL data are computer-readable and users will not visually recognize the errors, especially when using XBRL analysis software.
Second available relation type is essence-alias. It is also important to note that several Nigerian judges have served and are still serving on a number of international tribunals and courts. Additionally, big taxonomies such as IFRS obey specific rules of naming and labelling to ensure consistency within the schema.
Someone who wants financial information from you, provides you with a taxonomy an XML document containing one or more schemas, each with one or more lines to fill out.
After updating the taxonomy, you only need to map the lines for the changed or new lines.XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business information.
XBRL allows the expression of semantic meaning commonly required in business reporting. The language is XML-based and uses the XML syntax and related XML technologies such as XML Schema, XLink, XPath. XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
DEFINITION of 'eXtensible Business Reporting Language - XBRL' eXtensible Business Reporting Language is a standard that was developed to improve the way in which financial data is communicated. 14 The Impact Of Extensible Business Reporting Language Education And Adoption On Stock Exchange Development: A Focus On Nigeria O.
Samuel Faboyede a O. Dick Mukoro b Francis Iyohac A. Hannah Odafen d a Corresponding Author, Ph.D., Department of Accountaning, Covenant University, Nigeria. How to: Create Reports with XBRL.
08/16/; 7 minutes to read Contributors.
In this article. XBRL, which stands for eXtensible Business Reporting Language, is an XML-based language for tagging financial data, and enabling businesses to efficiently and accurately process and share their data.
issue that lead to this research work, an application of Extensible Business Reporting Language (XBRL) in reducing audit expectation gap in Nigeria. This expectation gap is a major danger currently threatening the audit profession and it has gone deep to question the credibility of current financial reporting process.Download