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About XBRL

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XBRL stands for eXtensible Business Reporting Language. It is the open international standard for digital business reporting, managed by a global not for profit consortium, XBRL International. XBRL documents are created with the objective to replace older, paper-based reports with more useful, more effective and more accurate digital versions.

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XBRL provides a language in which reporting terms can be authoritatively defined. Those terms can then be used to uniquely represent the contents of financial statements or other kinds of compliance, performance and business reports. XBRL lets reporting information move between organisations rapidly, accurately and digitally. A key advantage of XBRL is greater transparency as data can easily be used for analysis with software tools. Companies can tap on the XBRL data to interpret financial information, develop benchmarks, conduct peer and industry comparisons and recommend ways to improve operational efficiencies.

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Effective 3 March 2014, ACRA requires companies (unless exempted) to file financial statements in XBRL format. Read our page on XBRL Filing Requirements to see if you are required to file XBRL financial statements to ACRA. At XBRL.sg, we complete the XBRL conversion and XBRL filing for you at affordable prices starting from $88. See Pricing @ XBRL.sg for our price list.

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© Feb 2023 by Datseasy Services Pte Ltd

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