Xbrl second phase of implementation
This presentation is the property of its rightful owner.
Sponsored Links
1 / 14

XBRL Second Phase of Implementation PowerPoint PPT Presentation


  • 85 Views
  • Uploaded on
  • Presentation posted in: General

XBRL Second Phase of Implementation. Background of XBRL Implementation. MCA has taken a lead in the Implementation of XBRL by mandating the XBRL filing of annual financial statements for a select class of companies in the year 2010-11. The mandate covered approx. 30,000 companies.

Download Presentation

XBRL Second Phase of Implementation

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Xbrl second phase of implementation

XBRLSecond Phase of Implementation


Background of xbrl implementation

Background of XBRL Implementation

MCA has taken a lead in the Implementation of XBRL by mandating the XBRL filing of annual financial statements for a select class of companies in the year 2010-11. The mandate covered approx. 30,000 companies.

Banking, Insurance, Power Companies and NBFCs were exempt from XBRL filing owing to non-availability of taxonomies specific to their reporting requirements.


Basic terms used in mca xbrl

Basic Terms used in MCA-XBRL

C&I Taxonomy- It refers to Commercial and Industrial Taxonomy. It is a general purpose taxonomy based on the Indian GAAPs requirements and Schedule VI to the Companies Act, 1956.

Business Rules- These are developed by the MCA as basic validation checks to ensure consistency in the XBRL documents.

Instance Documents- These refers to the XBRL converted financial statements. As per the XBRL Mandate of MCA, two instance documents are required for filing in case of standalone set of financials viz. Balance Sheet and Statement of Profit & Loss.

Validation Tool- This tool is developed by the MCA which requires every instance document should be passed though the validation checks built in the Validation Tool. Instance document, if fails to pass through validation tool, could not be filed with the MCA.


Second phase xbrl implementation

Second Phase-XBRL Implementation

  • Companies covered in second phase:

  • all companies listed with any Stock Exchange(s) in India

  • and their Indian subsidiaries; or

  • (ii) all companies having paid up capital of Rupees

  • five crore and above; or

  • (iii) all companies having turnover of Rupees one

  • hundred crore and above; or

  • (iv) all companies who were required to file their

  • financial statements for FY 2010-11, using XBRL mode.

However, banking companies, insurance companies, power companies and Non-Banking Financial Companies (NBFCs) are exempted from XBRL filing.


C i taxonomy

C&I Taxonomy

C&I Taxonomy has been changed owing

to the requirements of New Presentation Format of

Financial Statements viz. Revised Schedule VI

to the Companies Act, 1956

Considering the fact that taxonomy needed to be

developed afresh, architecture of the C&I Taxonomy

was also upgraded to the latest IFRS Taxonomy

Architecture 2011. Earlier taxonomy was based on the

IFRS Taxonomy Architecture 2006.


Key differences between the c i taxonomy 2012 vis vis earlier taxonomy

Key differences between the C&I Taxonomy 2012 vis-à-vis earlier taxonomy

Basis of preparation has changed viz. Revised Schedule VI.

Basis of preparation has changed viz. Revised Schedule VI.

Basis of preparation has changed viz. Revised Schedule VI.

Basis of preparation has changed viz. Revised Schedule VI.

Basis of preparation has changed viz. Revised Schedule VI.

Based on the latest IFRS Taxonomy Architecture.

Based on the latest IFRS Taxonomy Architecture.

Based on the latest IFRS Taxonomy Architecture.

Based on the latest IFRS Taxonomy Architecture.

Based on the latest IFRS Taxonomy Architecture.

Addition of two linkbases viz. Definition and Reference Linkbases

Addition of two linkbases viz. Definition and Reference Linkbases

Addition of two linkbases viz. Definition and Reference Linkbases

Addition of two linkbases viz. Definition and Reference Linkbases

Concept of dimensions have been used.

Dimensions are used to capture the tabular

data in a much presentable format.

Concept of dimensions have been used.

Dimensions are used to capture the tabular

data in a much presentable format.

Concept of dimensions have been used.

Dimensions are used to capture the tabular

data in a much presentable format.

Requirements of Industry-specific Guidance Notes and

SEBI Employee Stock Option Scheme and

Employee Stock Purchase Scheme

Guidelines 1999 have been included

Requirements of Industry-specific Guidance Notes and

SEBI Employee Stock Option Scheme and

Employee Stock Purchase Scheme

Guidelines 1999 have been included


Use of dimensions

Use of Dimensions

  • Types of Dimensions

  • Explicit Dimensions: In this type of dimensions, members are explicitly defined under an axis. For eg. In “Notes-Share Capital”, members are explicitly defined under the “Classes of share capital [Axis]”. Filer can use only the given number of members.

  • 2.Typed Dimensions: In this type of dimensions, members are not defined under the axis. It has been left on the part of filers to create any number of members under the axis as per their specific requirement. For eg. In the case of signatories to the Board Report, no members have been defined under the “Directors signing board report [Axis]” thereby enabling the filer to create any number of members as per their requirement.


Key differences between the implementation approach

Key differences between the Implementation Approach

1. Taxonomy Architecture Guide has been released

in order to explain the new architecture of the C&I Taxonomy

2. Business Rules have been increased in number

3. Detailed tagging of Auditors Report and certain items

of Directors Report has been made mandatory

4. Cost Audit and Cost Compliance Report has also been

mandated to be filed in XBRL format.

5. More focus on quality of XBRL financial statements


Xbrl second phase of implementation

Snapshot of C&I Taxonomy


Xbrl second phase of implementation

Snapshot of Balance Sheet Instance Document


Xbrl second phase of implementation

Snapshot of Balance Sheet Instance Document

Attributes of element “Long Term Borrowings” in the instance document


Xbrl second phase of implementation

Snapshot of P&L Instance Document


Xbrl second phase of implementation

Snapshot of P&L Instance Document

Attributes of element “Employee Benefit Expenses” in the instance document


  • Login