04

Indian XBRL - Tagging

eXtensible Business Reporting Language, or XBRL, is a widely accepted standard for sharing financial and business data. Based on a predetermined taxonomy, each distinct financial term in XBRL is given an electronically readable tag. This makes it possible for computers to interpret financial data reliably and consistently, which facilitates the consumption and comparison of financial data across businesses and industries by analysts, investors, and regulators.

Because it eliminates the need for manual data entry or interpretation by outside providers, XBRL is particularly important for the filing of audited financial statements of public companies in a standardized digital format. It guarantees faster financial information analysis, better data accuracy, and increased transparency.

At AcServ, we help our clients prepare and submit financial statements that comply with XBRL, especially when it comes to submitting the e-Form AOC-4 XBRL to the Ministry of Corporate Affairs (MCA). Our group makes certain that every financial component is accurately mapped to the taxonomy, thoroughly verified, and in accordance with the most recent regulatory standards. Businesses can focus more on strategic financial planning, lower the chance of mistakes, and expedite their compliance procedures by collaborating with AcServ.