Procedure For XBRL Filing : Ministry of Corporate Affairs
Organization : Ministry of Corporate Affairs (mca.gov.in)
Facility : Procedure For XBRL Filing
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Home Page :http://www.mca.gov.in/XBRL/filefy11.html
Procedure here :https://www.statusin.in/uploads/3253-XBRL_Filing_Manual_v2.0_14thOct2012.pdf
Steps for filing financial statements in XBRL format on MCA Portal :
** Creation of XBRL instance document
** Download XBRL validation tool
** Load the instance document
** Validate the instance document
** Pre-scrutiny of the instance document
** Convert to pdf and verify the contents of the instance document. (This step is essential to ensure that the textual information entered in the instance document is clearly viewable)
** Attach instance document to the Form 23AC-XBRL and Form 23ACA-XBRL
** Submitting the Form 23AC-XBRL and Form 23ACAXBRL on the MCA portal
Map Company’s each financial statement element to a corresponding element in published taxonomy :
1 : Companies have the option to create their own XBRL documents in house or to engage a third party to convert their financial statements into XBRL form.
2 : The first step in creation of an instance document is to do tagging of the XBRL taxonomy elements with the various accounting heads in the books of accounts of the company. This would create the mapping of the taxonomy elements with the accounting heads so that the accounting information can be converted into XBRL form.
3 : Mapping is the process of comparing the concepts in the financial statements to the elements in the published taxonomy, assigning a taxonomy element to each financial statement concept.
Create instance document for Balance sheet and Profit and Loss Account :
Once the tagging of financial statement elements with the published taxonomy elements is done, the next step is to create the instance document. An instance document is a XML file that contains business reporting information and represents a collection of financial facts and report-specific information using tags from the XBRL taxonomy. It is to be noted that no extensions to the core Taxonomy will be allowed.
Separate instance documents need to be created for the following :
** Stand Alone Balance sheet of the company
** Stand Alone Profit and Loss Account of the company
** Consolidated Balance sheet of the company
** Consolidated Profit and Loss Account of the company