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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

The table below highlights the XBRL 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