What is XBRLearn? Regulatory authorities in more than 50 countries have already adopted or are in the process of adopting XBR ... L as a preferred standard for business reporting. This XML-based language, consequently, is used for the creation of millions of XBRL reports all over the world. You can consider XBRL an evolutionary upgrade, like the transition from physical maps to GPS. In the case of XBRL, companies, and regulators are swiftly moving away from paper, PDF, and HTML based reports to barcoding financial information using tags. It’s safe to say that XBRL is altering the function and production of financial data, refining its nature to be clearly defined, platform-independent, testable and most importantly, accessible. But the creation of an XBRL report or validation system requires a certain level of technical expertise and understanding. This is when XBRLearn comes into the picture. With specially curated courses that will be taught online, IRIS CARBON’s XBRLearn is a not-for-profit initiative that will: ● Familiarize your with the ESEF mandate ● Teach you the basics of XBRL and iXBRL and ● Train you in every single aspect of the preparation process of the XBRL report. How will XBRLearn help me? (Value Proposition) There are very few of you who may actually know about XBRL. It’s likely that you had to Google the term XBRL to know what it means. Here’s what you may have already realized, and if you haven’t, this is what you need to know: That XBRL is a business reporting languages that’s being implemented by ESMA this year. In Europe, the XBRL business is a million dollar market that’s only going to grow in a post-corona world because companies will file their annual reports in XBRL as per the ESEF-ESMA. If you are an accountant or a business major, adding XBRL to your portfolio will keep you strong in a volatile economy. It will make you employable in an uncertain job market and empower you to start your own business. read more
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