RSA Consultants RSA- XBRL.

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Presentation transcript:

RSA Consultants RSA- XBRL

What you need to know about XBRL? We Make Life Less Taxing RSA Consultants. www.taxorigin.com.

What is XBRL? XBRL (eXtensible Business Reporting Language) XBRL is Tagged Data (Meta-Data i.e. data about data). XBRL is financial information in machine readable form. XBRL is a standard way to communicate business and financial information. www.taxorigin.com.

Is XBRL different from XML? Online Income Tax Returns are also filed using a similar language called XML. However, complexity of language and elements in XBRL taxonomy is much higher than Income tax return’s XML. There are around 4500 tags in Indian GAAP Taxonomy of XBRL released by MCA eXtensible nature of XBRL does not allow developers to develop software which is as simple as filling up a template.

What Barcode has done for product distribution … Savings Efficiency Quality www.taxorigin.com. 5

… XBRL is doing for business reporting RSA Consultants. … XBRL is doing for business reporting 6

Benefits of XBRL www.taxorigin.com.

MCA Mandate:- All listed companies and their subsidiaries MCA has mandated the Annual Returns for the financial year ended on or after 31st March 2011 of companies specified as below to be filled in XBRL mode only- All listed companies and their subsidiaries All companies having turnover of 100 crore and above or All companies having paid up capital of 5 crore and above. www.taxorigin.com.

How RSA Consultants can help you in XBRL conversion! www.taxorigin.com.

Firm Profile RSA Consultants is a team of Chartered Accountants and Software Professionals, rendering services in the field  of Windows & Web application Development, with a distinct focus on Accounting, Taxation and Enterprise integration E-commerce Solutions. Our expertise is in converting business models to effective long- lasting business software solutions. We work closely with our clients to produce the most professional business solutions using the latest technologies.  RSA Consultants is an integrated Business Solutions Provider offering structured and innovative solutions catering to Companies and other entities in SME Segment.

Firm Profile Promoted by young and professional entrepreneurs, RSA Consultants is the true blend of energetic approach, youthful wisdom and experienced thought process. Dedicated management team to XBRL is the advantage for RSA Consultants. Team is actively involved in various programs and activities related to XBRL. Prior experience of handling XBRL engagement gives an edge over others and also an assurance of delivering quality.

RSA XBRL Work Process Undertaking company preliminary assessment Preparing detail agreed upon procedures and engagement letter Obtaining AGM approved accounts Map Taxonomy Tags with Line Items Company Instance Document Final submission with Form 23AC and 23ACA 7 1 www.taxorigin.com.

MCA mandated Approval of XBRL filling by CA/ CA/ ICWA Whether we are working for corporate or Chartered accountants, we aim to built confidence in statutory auditors’ mind about XBRL filling and equip him with sufficient documentation to rely on XBRL conversion. Approving a wrong XBRL filling may be treated as signing a wrong financial statement. Hiring RSA Consultants services for XBRL would result in a smooth and successful experience whether you are a corporate filling your own financial statements or a statutory auditor approving the XBRL filling. Thus, RSA Consultants can be a one stop solution for all your XBRL related tensions. RSA Consultants is well prepared to help its clients achieve fast pace growth and convert their dreams into reality by hand-holding them at every stage of the growth. 8 1 www.taxorigin.com.

Log on to www. taxorigin. com or mail us at info@taxorigin Log on to www.taxorigin.com or mail us at info@taxorigin.com or Call us at 0261-6500855 www.taxorigin.com. 14

Contact Us 208-209,Abhinav Arcade, Pritamnagar, Ellisbridge, Ahmedabad Surat – Head Office Associates 101 , Silver Palm Bldg, Above ICICI Bank, Nanpura, Surat Ph : 0261 6500855 Ahmedabad – Branch Office 208-209,Abhinav Arcade, Pritamnagar, Ellisbridge, Ahmedabad