What is eXtensible Business Reporting Language in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: eXtensible Business Reporting Language

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: An information standard for businesss reporting based on XML. XBRL is a format used to exchange business information with particular emphasis on financial statements, such as balance sheets or income statements.

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• Key Concepts: 
  eXtensible Business Reporting Language (XBRL) is a global standard for exchanging business information. It is a language for the electronic communication of business and financial data which is designed to be both human and machine readable. XBRL is used by organizations to report financial information to regulatory bodies, such as the SEC in the United States. 
  
  How to use it: 
  In SAP, XBRL is used in the SRD-FIN-GL FIN-General Ledger component. This component allows users to create and manage financial documents, such as balance sheets, income statements, and cash flow statements. XBRL is used to ensure that these documents are accurately reported and can be easily shared with other organizations. 
  
  Tips & Tricks: 
  When using XBRL in SAP, it is important to ensure that all of the data being reported is accurate and up-to-date. Additionally, it is important to ensure that all of the documents being reported are in the correct format for XBRL. 
  
  Related Information: 
  For more information on XBRL and how it can be used in SAP, please refer to the SAP Help Portal or contact your local SAP representative.