Volume : V, Issue : V, May - 2015

CORPORATE REPORTING–XBRL AND IFRS

Nidhi Aggarwal

Abstract :

Corporate Reporting is a voluntary public presentation of information about an organization’s financial  and non –financial performance which includes economic, environmental, social and other relevant aspects of business. It is the communication of financial statements and other related financial information to external  users including investors, money lenders, suppliers, customers, govt. agencies by a corporate form of organization. Corporate reporting promotes transparency and accountability aspects for an organization XBRL is a freely available and global standard for exchanging business information such as financial statement.It was  developed specially to communicate the information between business and other users of financial information such as  analyst, investors, regulators.  This research paper focuses on the point that XBRL AND IFRS provides uniformity of reporting and standards which  leads to comparability of financial information of different companies in same country and in different countries too. 

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Nidhi Aggarwal CORPORATE REPORTING–XBRL AND IFRS Indian Journal of Applied Research, Vol.5, Issue : 5 May 2015

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