XBRL Conversion Steps

XBRL Brief Overview

Bridging the digital divide

Volition LLPPage www.volitionllp.com

Bridging the digital divide

Mr. Sachin Trivedi

Email: [email protected]

Mobile: +91-99030-37609

Contents

// Introduction to Volition LLP

// What is XBRL

// Why XBRL

// Scope of XBRL

// Tools and Reports

Volition LLPPage www.volitionllp.com01-10-20112

// Final Deliverable and Example of Instance document

Contents


// What is XBRL

// Why XBRL

// Scope of XBRL




Introduction of Volition LLP

Volition LLP is a management consulting firm, advising organizations on emerging issues

like IFRS and XBRL. Volition LLP has been assisting some of the largest companies of India with IFRS

Conversion and is set to bridge the digital divide with XBRL Services.

Reporting Standard S.L. is a Spanish IT company that expands its business activity in three areas:

Software development, Consulting Services and development of the XBRL standard.

Volition LLP along with Reporting Standard will empower organizations to deliver, error free and

satisfactory eXBRL reports to the regulators, making us XBRL Solution providers of your choice.


XBRL & Volition LLP

Volition LLP is one of the leading software vendors of XBRL Software and XBRL Outsourced Service

Provider.

Our entire offering on XBRL helps companies in filing satisfactory eXBRL reports to the regulators,

making us XBRL Solution providers of your choice.

� XBRL Software

� XBRL Outsourced Conversion Services

� XBRL Training across the cities


making us XBRL Solution providers of your choice.

An experienced, well trained team of professionals execute each conversion engagement accurately.

01-10-20115

For Trial License of the Software, Outsourced Services

or Training Contact Us @

Mr. Sachin Trivedi


Mobile: +91-99030-37609

Contents


// What is XBRL

// Why XBRL

// Scope of XBRL




What is XBRL

XBRL stands for eXtensible Business Reporting Language .

XBRL is a data-rich dialect of XML (Extensible Markup Language), the universally preferred language

for transmitting information via the Internet.

XBRL is a standard format for reporting financial data. Instead of treating financial information as a block

of text - as in a standard internet page or a printed document - XBRL provides an identifying tag for each

individual item of data, which are computer readable.

XBRL does not change what is being reported. It only changes how it is reported.


XBRL does not change what is being reported. It only changes how it is reported.

01-10-20117

Facts you did not know about XBRL

Charles Hoffman, a CPA with the firmKnight Vale and Gregory in Tacoma,Washington, investigates how XML couldbe used for electronic reporting of financialinformation. Charlie begins developingprototypes of financial statements and auditschedules using XML.

April 1998 - XBRL is Conceived

The first meeting of the XBRL Steering Committeetakes place in the offices of the AICPA in New

October 1999 - AICPA Hosts First Meeting

First jurisdictions to adopt XBRL


XBRL Australia, XBRL Canada, XBRL Germany, XBRL IASB, XBRL Japan, XBRL-Netherlands, and XBRL-UK form the first jurisdictions to support the development of XBRL.

October 2001 - XBRL Jurisdictions are Formed

takes place in the offices of the AICPA in NewYork City. At this meeting, the developmentbegins on the first taxonomy: XBRL for FinancialStatements for the Commercial and IndustrialSector, which represents about 80% of allpublicly-traded U.S. companies.

XBRL Concept

Creation of First Taxonomy.

Commercial and Industrial

Contents


// What is XBRL

// Why XBRL

// Scope of XBRL




Why XBRL?

� The global XBRL movement has ushered in a new age of financial reporting.

� XBRL, often referred to as "Interactive Data", gives the financial community a standards-based method

to prepare, publish, exchange, search, and analyze financial statements of both public and private

concerns – across all software formats and technologies.

� XBRL was made compulsory in India from financial year 2010-11.

� XBRL data is more robust, accurate, and transparent than data in financial statements that appears in

legacy electronic and paper reports. For investors and analysts, XBRL eliminates the time, labor, and

errors.


errors.

01-10-201110

Contents


// What is XBRL

// Why XBRL

// Scope of XBRL




Scope of XBRL

According to Circular No. 37 of the MCA following companies need to file Financial Statements in XBRL

format from the year 2010-11:

(i) All companies listed in India and their Indian subsidiaries;

(ii) All companies having paid up capital of `̀̀̀ 5 crore or above,

(iii) All companies having turnover of `̀̀̀ 100 core or above.

However banking companies, non banking financial companies, insurance companies, power companies

are exempted from XBRL filing till further order.


are exempted from XBRL filing till further order.

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Traditional

Financial

Statement

Financial

Statement Data

“Mapped” using

Final Converted

Instance

Document for

Filing the XML

Instance

document with

Validate the Instance

Document with the

Validation Tool

provided by the MCA

Test 2

1 2 3

4XBRL Process Flow

5


Statement

Presentation XBRL Taxonomy

Document for

filing

document with

the MCA

Validate the Instance

Document on creation of

the instance document

with the internal

Validation Tool

Test 1

Contents


// What is XBRL

// Why XBRL

// Scope of XBRL




Tools and Reports- Screen Shot of the Software


Tools and Reports- Screen Shot of the Mapping


Contents


// What is XBRL

// Why XBRL

// Scope of XBRL




Screen Shot of the Final Instance Document


Volition LLPEnvironment | Finance

About Volition Business Solution LLPVolition is a professional consulting firm focused primarily on consulting withregard to environment, finance, strategy and human capital. We thrive toserve our clients and provide them with workable solutions.

About Volition’s Services We specialize in Environment, Finance and Strategy, providing servicesacross Carbon Strategy, Footprint, Sustainability Advisory and IFRS,Valuation, Due Diligence Advisory. We have a strong team of people whohave exposure to working in the world’s largest consulting and auditpractices, thereby adhering to strict requirements of Independence,confidentiality and values. We have a good mix of team who has a wideexposure to various sector and industry backgrounds and are ready toprovide you with solutions which meet the standards of global best practices.


provide you with solutions which meet the standards of global best practices.At volition the client is priority and we believe in meeting timelines committed,without compromising on the quality of the services provided. It’s how Volitionmakes a difference.

For more information, please visit www.volitionllp.com.

©2011 VBS LLP. Proprietary and confidential. Do not distribute without written permission.

Thank You


For any further details of the process contact: +91-99030-37609

Mr. Sachin Trivedi


XBRL Conversion Steps

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