Xbrl

Pronunciation: /eks.bi.ɑr.ɛl/

Definitions of XBRL

noun XBRL

Example Sentences

A1 XBRL is a type of computer language used for financial reporting.

A2 Companies use XBRL to standardize and streamline their financial reporting processes.

B1 XBRL allows for the easy exchange of financial data between different software applications.

B2 Investors rely on XBRL data to make informed decisions about which companies to invest in.

C1 Regulatory bodies require companies to submit financial reports in XBRL format for transparency and accuracy.

C2 XBRL has revolutionized the way financial information is reported and analyzed in the digital age.

Examples of XBRL in a Sentence

formal XBRL is a standardized format for reporting financial information in a machine-readable way.

informal I have to use XBRL to submit our financial reports to the regulators.

slang XBRL is like the language computers use to understand financial data.

figurative Using XBRL is like speaking the same language as the machines when it comes to financial reporting.

Grammatical Forms of XBRL

• past tense: XBRLed
• plural: XBRLs
• comparative: more XBRL
• superlative: most XBRL
• present tense: XBRLe
• future tense: will XBRL
• perfect tense: have XBRLed
• continuous tense: is XBRLing
• singular: XBRL
• positive degree: XBRL
• infinitive: to XBRL
• gerund: XBRLing
• participle: XBRLed

Origin and Evolution of XBRL

First Known Use: 1998 year

Language of Origin: English

Story behind the word: XBRL stands for eXtensible Business Reporting Language, which was developed by a consortium of major companies and organizations to improve the accuracy and efficiency of financial reporting.

Evolution of the word: XBRL was first introduced in 1998 and has since become widely adopted in the financial industry for the standardized electronic communication of business and financial data. Its usage has evolved to encompass various reporting requirements and has become a global standard for exchanging financial information.