Definition:XBRL
XBRL stands for eXtensible Business Reporting Language and is an XML-based (Extensible Markup Language)3 standard which automates and standardises the exchange of data between two parties. The data are specified in taxonomies. A taxonomy is a catalogue in which elements are defined which can make up an XBRL data package. In addition to the actual format, such as the type of data, the definition also includes rules for checking data consistency. Thus, media discontinuity and the manual capture of financial data can be avoided.
