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XBRL Taxonomies

XBRL Taxonomies. INDIAN Taxonomy. US Taxonomy. VS. caxbrlspecialist@gmail.com. US Taxonomy. Indian Taxonomy. Basis. Indian Taxonomy is based on IFRS platform. Gradually, Indian accounting in converging towards IFRS, so is the Taxonomy. 2012 Taxonomy saw a major shift towards IFRS.

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XBRL Taxonomies

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  1. XBRL Taxonomies INDIAN Taxonomy US Taxonomy VS. caxbrlspecialist@gmail.com

  2. US Taxonomy Indian Taxonomy Basis Indian Taxonomy is based on IFRS platform. Gradually, Indian accounting in converging towards IFRS, so is the Taxonomy. 2012 Taxonomy saw a major shift towards IFRS. US Taxonomy very different from IFRS. Every notes/schedules are very elaborative in nature. IFRS Output(Instance Document) is not available on regulators website. User of financial statement can not have information directly from MCA Website Output(Instance Document) is available on regulators website. Users if financial statement can have information directly from SEC website under Interactive data. Output for users caxbrlspecialist@gmail.com

  3. US Taxonomy Indian Taxonomy Basis Indian Taxonomy is narrow when compared to US Taxonomy. It contains 3568 elements. US Taxonomy is very elaborative. It contains around 17000 elements. Vastness 2012 Taxonomy of India doesn't contain the Documentation i.e. definition of elements. If one gets confused about the meaning of an element, definitions are not available for reference and understanding. US Taxonomy contains the Documentation i.e. definition of elements. If one gets confused about the meaning of an element, definitions are available for reference and understanding Documentation/Definitions caxbrlspecialist@gmail.com

  4. US Taxonomy Indian Taxonomy Basis In US Taxonomy, Extension of elements are allowed. For a lineitem, if one is unable to find a tag, one can extend it with suitable attributes. In Indian Taxonomy, Extension elements are not allowed. Only the defined elements can be used for mapping. Extension of Elements In Indian Taxonomy, if one is unable to find a suitable element, he/she can club them into one. This is generally applicable for OTHERS element. In US Taxonomy, There is no concept of clubbing. If one is unable to find the suitable element, he/she can extend. Clubbing of values. caxbrlspecialist@gmail.com

  5. US Taxonomy Indian Taxonomy Basis MCA doesn't mandates the capture of each and every value. MCA has given a list of 177 Mandatory elements and another 380 elements are conditional mandatory. Other value/textual can be captured is found important and suitable tag is available SEC mandates to captures each and every value if related to financial of the entity. If for a value suitable element is not found, it can be captured under an extended element. Capturing of data MCA mandates some disclosures related to company affairs such as - General Information about the company,Remunerationto directors, auditors report, directors report, directors singing the Balance Sheet Disclosure related to corporate affairs SEC doesn't Mandates to capture data related to corporate affairs. caxbrlspecialist@gmail.com

  6. US Taxonomy Indian Taxonomy Basis In Indian Taxonomy, one can not use an element/member from one disclosure/linkbase under another. Means, it an element is defined under "[200100] Notes - Share Capital", it can not be used under any other disclusore if needed. Inter-Use of element under various disclosures In US Taxonomy, any element can be used anywhere, means one can use the element/member as per need and disclosures made by client. For any query, contact caxbrlspecialist@gmail.com Mob : 09718306191 We also provide assisted XBRL filings.

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