XBRL

• XBRL refers to eXtensible Business Reporting Language, which is a computer language that enables documents to be read electronically. eXtensible Business Reporting Language (XBRL), promises to web-enable the financial reporting process for both preparers and consumers.
• XBRL is an open technology standard for reporting and analysing business and financial information. It is independent of the software used and is neutral to the accounting framework. 
• It helps in automation, cost saving, faster, more reliable and more accurate handling of data, improved analysis and in better quality of information and decision-making. XBRL enables producers and consumers of financial data to switch resources away from costly manual processes, typically involving time-consuming comparison, assembly and re-entry of data.