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XBRL (eXtensible Business Reporting Language) Training at KPMG;
With the Ministry of Corporate Affairs issuing circulars mandating certain companies to file their cost audit reports and cost record compliance reports along with their financial statements from the year 2011 – 2012 using eXtensible Business Reporting Language format, XBRL Training has become essential and critical.

These circulars signals the MCA’s intent to build on the momentum gained during 2011 whereby over 25,000 companies filed their entire annual financial statements using eXtensible Business Reporting Language for the first time.


Program highlights
KPMG in India along with its alliance partners, can assist Indian companies in training internal resources on XBRL (eXtensible Business Reporting Language)

Identifying and selecting appropriate software tools; and overall implementation of XBRL (eXtensible Business Reporting Language) in a manner that makes XBRL (eXtensible Business Reporting Language) ‘business as usual'

Challenges faced by companies adopting XBRL
Requirement of training staff to understand XBRL (eXtensible Business Reporting Language) and how it needs to be implemented, including matters like timely tagging and validation processes

Correctly estimating the efforts for tagging the financial statement data correctly to the relevant elements within the new taxonomy (Revised Schedule VI)

Understand the usage of the software tool, used for the purpose of tagging the financial statement and cost audit reports

Smooth and timely closure of reporting within the prescribed timelines

KPMG eXtensible Business Reporting Language XBRL




Contact;
Accounting Advisory Services
Ram Iyer
Director, Mumbai
T: + 91 22 3090 1946
E: rgiyer@kpmg.com

Chandrashekhar Balasubramaniam
Associate Director,
Pune
T: + 91 20 3050 4164
E: cbalasubramaniam@kpmg.com

Venkateswaran Narayanan
Manager, Mumbai
T: + 91 22 3090 6000
E: vnarayanan1@kpmg.com

Fatima Sami
Associate Director, Delhi
T: + 91 124 3345 324
E: fsami@kpmg.com