Author: CENATIC
Date: Abril 2008
Inline with this objective, one of the CENATIC initiatives, in coordination with several activities launched by the public corporate entity Red.es, is to promote the use of XBRL (eXtensible Business Reporting Language) as the standard language for the financial information data exchange.
At present there is neither a single format for the companies to use when reporting their accounting information, nor an open source solution that facilitates the use of that format in a simple and straightforward way. Therefore XBRL as an open and royalty free standard is an appropriate format to be part of this study into its application to and use within ICTs and local authorities. This is within CENATIC’s goal to assist in the establishment of common standards and the implementation of open technologies to support these.
The purpose of this study is to analyse the feasibility of promoting open source software for use with XBRL that can be effectively integrated into reporting tools used at local government level. Conducted under the auspices of a community called XBRL C³ [ce-cube] (aligned along three axes: the business users, the information receivers and the technology providers), created to facilitate the development of XBRL components, improve interoperability of XBRL solutions and support users.
This study is intended to cover any XBRL open source tool that can be identified, extended in the preliminary phase to include some software development that could benefit from an open source initiative at the local government level.
