.: About XBRL :. Semansys Technologies

	Highlights

	Proven efficiency gains KPMG research shows 75% efficiency gains for municipalities through XBRL Download pdf in English or Dutch

	XBRL Learn more about XBRL from the inventors at www.xbrl.org

	XBRL in NL Info in Dutch on XBRL and the Dutch Taxonomy.

	Examples Files Explore examples of XBRL instance documents and taxonomies created with the Semansys tools. To download the instance documents and taxonomy in "zip" format go to the download page.

	A day in your life with or without XBRL Experience a typical day at the office twice and compare. See how XBRL will make your life a lot easier. [click here]

	XBRL
	Extensible Business Reporting Language
	The public interest As the economic systems become more global, investors and regulators become more demanding and companies more transparent. Recent developments involving the sudden collapse of global corporations illustrate the need for more effective and more efficient monitoring and reporting solutions. World wide leaders in accounting and in the financial world have set a standard for business reporting called XBRL which will become a worldwide obligation during this decade and which will have its positive effect on economic stability.

	Global obligation
	XBRL is the world wide standard for the electronic exchange of business related information. The use of XBRL assures compliance to both local and international accounting standards. It is also the dominant mechanism of the future by which companies produce, exchange and distribute business reports and financial statements. XBRL will serve as the preferred standard used by business partners to share and analyze performance information across the entire financial supply chain.

	Efficiency gains
	XBRL allows organizations to create and publish business results in a standard exchangeable format. XBRL documents can automatically be interpreted and used by other applications making the communication between organizations or systems simpler and more efficient. Huge gains in efficiency and quality are reported, not only in communication between companies and government, but also between companies and between governmental institutions. Publishing financial statements in XBRL is accepted as a vital element of any corporate communication policy and is the most cost effective way to deliver valuable and time sensitive financial information to internal and external stakeholders. The result is increased reporting efficiency, greater transparency, and increased economic stability.

	The principles
	The core component in XBRL is the taxonomy which is an agreed and structured list of reporting elements. Taxonomies are being published by the beneficiaries of the required information: by regulators for financial statements (i.e. US-GAAP), by tax authorities for tax filings, by industry organizations and statistics bureaus for industry information, and by companies for internal use. An XBRL instance document is used to contain actual facts. The facts, texts and figures, are ‘tagged’ with references to elements in a taxonomy. The instance document also contains the ‘contexts’, such as the year and the currency used. The tags and the contexts define the meaning of a fact indisputably and enable automatic processing of the document. An XBRL instance document can be represented digitally using a so called style sheet. The style sheet defines the formatting and layout, and is tailored to meet corporate and personal requirements. The instance document can also be imported directly into a system for further processing or analysis.