It is an
open-standard reporting language based on XML (eXtensible
Mark-up Language) used in computers for reporting of
financial information such that they can be retrieved
from online records and transferred directly to users
such as auditors, regulators and financial analysts for
various purposes
Companies currently file financial
statements in PDF format. ACRA believes that the use of
XBRL will achieve the dual objectives of facilitating
the doing business in Singapore providing more
value-added financial information of companies and
enhancing the regulatory environment with improved
transparency and timely dissemination of relevant
financial information.
FS Manager means preparer of accounts such as the
Company accountants or finance officer need to prepare
the financial statement/account in XBRL for filing with
ACRA.
