XBRL Vs iXBRL
What is XBRL?
XBRL or eXtensible Business Reporting Language is a freely available open technology standard for exchanging business information digitally. This is done by tagging the financial report from the backend which increases transparency and the accessibility of the business information. This information is presented in an XML format called an ‘instance document’ which is encoded to be machine-readable only. The XBRL Specification is developed and published by XBRL International, Inc. (XII). xb
What is Inline XBRL or iXBRL?
The Inline XBRL (iXBRL) specification on the other hand has been made readable for both humans and machines. iXBRL is an xHTML file that has XBRL data embedded in a well-formatted HTML document. The basic idea of developing iXBRL is to allow prepares to retain the original view or formatting of the source document, while creating an XBRL document. The xHTML representation of the information is what aids the document to be human-readable.
Here’s an infographic that clearly elucidates the difference between XBRL and iXBRL.
