Why IXBRL Tagging Is Gaining Popularity in European Countries?
XBRL and IXBRL have gained immense popularity in the western world due to their many benefits and importance in financial sectors. iXBRL as per the international accounting standards board, is a computer readable data standard for financial reporting which HMRC and companies house have adopted for electronic filing of accounts. It is similar to a PDF, but it can be seen in a user’s browser. The IXBRL is known as inline extensible business reporting language. It permits the financial data to be made in a format that is machine readable as well as human readable.