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
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
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
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.
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)
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
Course Objective: To enable the participants for filing financial statements in
XBRL formatCourse 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
Total Course Fee - Rs. 3500/- (all inclusive)(includes the cost of study material, lunch and two tea breaks during the programme)
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
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 executive to pick up the cheque/cash from your
doorsteps
Provider of cutting edge education & training solutions The core management team comprises of professionals
from education, technology and telecommunication background individually having more than 20 years of experience
Committed to provide industry-linked training programs that immediately impact the career path of the learner
Currently doing courses on DipIFRS, USA CFA, ACCA, FRM and USA CPA
Courses are carefully chosen & designed to meet a wide range of training requirements of individuals and corporates
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
In financial education for more than 10 years
Classes by well known competent faculties
Conveniently scheduled weekend classes
Bank loan facility available
Committed to your success Please visit Takshila’s Website at:-
www.takshilalearning.com