XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data.
A company is required to file its annual report in XBRL format with the Accounting and Corporate Regulatory Authority (ACRA), if:
- It is subject to audit requirement; or
- It is in an insolvent position, whereby its liabilities are more than its assets
BudgetAccounts can assist you to prepare your annual report in XBRL format should your company falls into one of the categories above.