Consider the subject ares of language, history and language. For each theme, complete two entries which discuss these themes and additionally, explain the relevance of these themes to Puerto Rican culture.
Label Linkbase[ edit ] This linkbase provides human readable strings for concepts. Using the label linkbase, multiple languages can be supported, as well as multiple strings within each language. XBRL aims to become a worldwide standard for electronic business reporting.
This requires taxonomies to present business data in many different languages. Therefore, it is important to be able to create an element that is assigned with labels for different languages.
There may also be different labels for different purposes. All labels are stored and linked to the elements in a label linkbase. Elements defined in a schema are built to convey accounting meaning to computers. In order to make it easier for computers to process their names, they have to obey some rules.
Additionally, big taxonomies such as IFRS obey specific rules of naming and labelling to ensure consistency within the schema. For example, there could be a list of words that are excluded from the names, e.
In the label linkbase, elements are connected to human readable labels using "concept-label" arcrole.
As mentioned above, elements can be assigned to labels in different languages. Taxonomy creators may also define different labels for one element. One of the ideas of XBRL is that the information about the period and currency for which the element is reported is not contained within an element definition but is described by a context in instance documents.
In financial reporting on the other hand, many terms express the date for which they are being reported, for instance Property, Plant and Equipment at the beginning of year and Property, Plant and Equipment at the end of year.
XBRL allows the creation of different labels depending on the context in which an element will be used. Reference Linkbase[ edit ] This linkbase associates concepts with citations of some body of authoritative literature.
Financial concepts appearing on business reports more often than not stem from regulatory documents issued by authorities.
For this reason, a taxonomy is often provided with a reference linkbase that presents relationships between elements and external regulations or standards the other solution is to enclose documentation in label linkbase.
This helps instance creators and users understand the intended meaning of each element and provides support for its inclusion in the taxonomy. The reference layer does not contain the full text of the regulations. Instead, it points to source documents by identifying their name and indicating the relevant paragraphs and clauses.
This connection is created using "concept-reference" arcrole. There are several types of references that could be provided for each element. First, it provides a reference to a document which explains how and where the element should be presented in terms of its placement and labeling.
Second, the measurement reference provides explanations about what determines the value of the element and how it should be calculated.
This description can be found in IAS 7 paragraph XBRL also allows an element to be assigned other types of references containing examples, commentaries, etc.The GAAP taxonomy is a list of computer-readable tags in extensible Business Reporting Language (XBRL) format that allows companies to tag precisely the thousands of pieces of financial data that are included in typical long-form financial statements and related footnote disclosures.
The business reporting standard. A global community committed to improving reporting everywhere. News. New XBRL Glossary Reduces Jargon. As reported in July, it was great news to hear that the cost of XBRL formatting for small US reporting companies have declined 45% since XBRL (Extensible Business Reporting Language) is an XML-based computer language for the electronic transmission of business and financial data.
The goal of XBRL is to standardize the automation of business intelligence (BI).
Extensible Business Reporting Language (‘XBRL’) is an emergent technology that is purported to ‘democratise’ financial reporting.
This investigation of whether XBRL democratises financial reporting is . XBRL is the financial and operational business reporting offshoot of the Extensible Markup Language (XML), which is a freely-licensable, open technology standard used to.
XBRL allows the expression of semantic meaning commonly required in business reporting. The language is XML -based and uses the XML syntax and related XML technologies such as XML Schema, XLink, XPath, and Namespaces.