It includes financial reporting and contemplates extensive detail in the representation and use of accounting conventions, which distinguishes it from these other efforts.
In order to make it easier for computers to process their names, they have to obey some rules. The idea of the calculation linkbase is to improve the quality of an XBRL report.
The fourth relation is similar-tuples. XBRL v2. The standard has evolved significantly through the development of additional XBRL modules. A company may choose to tag its own financial statements using commercially available software, or it may choose instead to outsource the tagging process.
While the resulting report and accounts meets HMRC's requirements, it is not an attractive document to view or read. GAAPcan be easily compiled into the accepted accounting standards of another country even if they are drastically different.
Elements defined in a schema are built to convey accounting meaning to computers. 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.
A company that is deemed not current solely as a result of not submitting or posting an interactive data exhibit when required will be deemed current upon submitting or posting the interactive data. 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.
In Income Statements, Gross profit is the difference between the other two.