Benefit to Company by using XBRL

    Posted By : Divya Saluja / Published on : 12-Apr-2019 04:51 AM / View : 233 / Comment : 1
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    Dear Members

    Please Suggest me

    What is the benefit to Company from putting its Financial Statement into XBRL
    Read more on : xbrl using company benefit

    • Benefits of XBRL Filing are as follows:-

      1. Automation, cost saving, faster, more reliable and more accurate handling of data. 

      2. Improved analysis and in better quality of information and decision-making.

      3. XBRL is extensible and flexible

       4. 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. They are able to concentrate effort on analysis, aided by software which can validate and manipulate XBRL information.

      12-04-2019 / 05:02:50 AM
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