XBRL will help every organization, in every industry, around the world to internet-enable its business reporting and analysis, and thus reduce their costs and risks and increase their ability to make more informed decisions.

1. XBRL A technology standard for the transparent interchange of financial and business reporting data that promises to revolutionise the financial industry

2. The idea behind XBRL is simple: instead of treating financial information as a block of text - as in a standard internet page or a printed paper document - it provides an identifying tag for each individual item of information. This is computer readable. For example, company 'Gross Margin' has its own unique tag.

3. XBRL will help every organization, in every industry, around the world to internet-enable its business reporting and analysis, and thus reduce their costs and risks and increase their ability to make more informed decisions.