Extensible business reporting language (XBRL): a route to financial transparency
In this digital world, we already know about digital photography, online shopping, online form submission, online bill payment, online chatting, online food order, electronic cash transactions (payment and receipt of cash and also electronic deposits), e- mobile, e-commerce, e-returns filing, e-voting. Now the new thing also has been added in this digitalized world that is Extensible Business Reporting Language (XBRL) since 2011 in India. XBRL International (2009) defines “XBRL a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world.” It provides many benefits to the users of the financial reports information. This paper has attempted to explore the available literature on XBRL. This study showed huge knowledge of XBRL and related information. Further this paper also throws light on the history of XBRL.