How DataTracks can help you in XBRL Conversion
The Ministry of Corporate Affairs (MCA), Government of India has mandated that companies in India file their financial statements in the XBRL format. The mandate applies to companies that meet any of the following criteria:
- Companies listed with any Stock Exchange(s) in India and their Indian subsidiaries
- Companies with annual turnover of Rs 100 Crores and above
- Companies with paid-up capital of Rs 5 Crores and above
- Companies that filed reports in XBRL mode for the financial year 2010-11
Professional XBRL Conversion Solutions
The table below highlights the XBRL Conversion solutions offered by DataTracks, for varying levels of complexity and conversion options, for its customers.
|
XBRL conversion options |
DataTracks Solution |
Complexity of financial statements |
||
|
Low |
Medium |
High |
||
|
In-house XBRL conversion services |
Template |
Yes |
NA |
NA |
|
Self-service software |
Yes |
Yes |
Yes |
|
|
Outsourced XBRL conversion service |
Full-service conversion |
Yes |
Yes |
Yes |