On 23 February 2022, we hosted an Amelkis XBRL demonstration. The main goal was to show how this Software as a Service solution enhances financial reporting for the listed companies that prepare financial statements in IFRS (and US GAAP). While XBRL is nothing new, the mandatory ESEF reporting is.
XBRL is the open international standard for digital business reporting. In recent times, much has changed regarding financial reporting. Listed companies in the European Union now must comply with ESEF, the European Single Electronic Format. To do so, companies need XBRL software. Without XBRL software or plug-ins, issuers cannot open XBRL files, create taxonomy extensions, tag documents and validate their documentation before submitting it to the authorities.
During this demonstration, we show you how to prepare for the necessary XBRL steps to take in 2021 and 2022. From start to finish, Amelkis XBRL is the innovative software solution enhanced by the support and expertise of Global Connect Consultancy.
If you would like to see hands-on how you can enhance your business reporting with Amelkis XBRL, be sure to contact us for a personal demonstration. The Global Connect Consultancy Team is at your disposal. You can request an Amelkis XBRL demonstration by
Within 30 minutes, we will show you how to get started with the software application, as well as how we can adjust the software to the needs of your company.
The European Financial Reporting Advisory Group (EFRAG) has released exposure drafts (ED) of the European Sustainability Reporting Standards (ESRSs). With this proposal, requirements are set out for European companies to report on various environmental, social and governance (ESG) topics including societal impacts, risks and opportunities.
