Question 1

Match the XBRL essential to the appropriate definition.
-Instance document

Accepted Answer

An instance document in XBRL identifies the specific amounts for a taxonomy at one instance, meaning it contains the actual data (financial figures, for example) that are being reported, as per the definitions and structure provided by the taxonomy it references.

Question 2

XBRL Statement A 25000 -In the XBRL Statement A, how many decimal places are in the amount?

Accepted Answer

The decimals attribute is set to "0", indicating that there are no decimal places in the amount.

Question 3

XBRL tags appear between

Accepted Answer

XBRL tags appear between opening and closing angle brackets: content.

Question 4

Which linkbase defines the relationships between the elements and the external regulations or standards?

Accepted Answer

The reference linkbase defines the relationships between the elements and external regulations or standards by providing links to authoritative sources of information, such as legal requirements or industry standards. It enables the incorporation of external information into the XBRL instance document, which helps to ensure that the financial reports are compliant with the relevant regulations and standards. The label linkbase defines the human-readable labels for the elements, the calculation linkbase defines the mathematical relationships between the elements, and the definition linkbase provides additional information about the elements, such as their meaning and purpose.

Question 5

XBRL Statement B 450000 -In the XBRL Statement B, how many decimal places are in the amount?

Accepted Answer

The decimals attribute in the us-gaap:LongTermInvestments element has a value of 2, indicating that the amount has two decimal places.

Question 6

Match the XBRL essential to the appropriate definition.
-Linkbase

Accepted Answer

Linkbase defines relationships between data, which is essential for understanding how different pieces of financial information relate to each other in an XBRL document.

Question 7

Match the XBRL essential to the appropriate definition.
-Taxonomy

Accepted Answer

Taxonomy in XBRL serves as a dictionary that defines the tags used for specific data items, essentially categorizing financial information in a standardized format for reporting purposes.

Question 8

XBRL uses the same syntax as

Accepted Answer

XBRL uses the same syntax as HTML, which stands for Hypertext Markup Language. It is a markup language used for creating webpages and is responsible for defining the structure, content, and layout of a webpage. Similarly, XBRL defines the structure and format of financial data, making it easier to analyze and compare financial statements across different companies and industries.

Question 9

XBRL Statement B 450000 -In the XBRL Statement B, which taxonomy is used?

Accepted Answer

The presence of the prefix "us-gaap" in the element name indicates that the XBRL Statement is using the GAAP taxonomy.

Question 10

Which linkbase defines the different kinds of relationships between elements?

Accepted Answer

Definition linkbase defines the different kinds of relationships between elements. It defines the content of the taxonomy by specifying the meaning and structure of elements.

Question 11

What is the purpose of a schema?

Accepted Answer

The answer of What is the purpose of a schema?
...

Question 12

Match the XBRL essential to the appropriate definition.
-Elements

Accepted Answer

Elements in XBRL relate to data and metadata, as they represent the individual data points and their associated information within the taxonomy.

Question 13

Match the linkbase to the appropriate definition.
-Presentation link

Accepted Answer

Presentation link defines how elements are presented in financial reports, specifying the structure and order of how data is displayed, which is crucial for understanding the financial information correctly.

Question 14

Match the linkbase to the appropriate definition.
-Definition link

Accepted Answer

The answer of Match the linkbase to the appropriate definition.
-Definition...

Question 15

The closing XBRL tag includes which character?

Accepted Answer

The closing XBRL tag includes the character "/", which is used in XML-based languages like XBRL to denote the end of an element.

Question 16

Which of the following is NOT a XBRL essential?

Accepted Answer

Data integrity is not an XBRL essential. XBRL essentials are instant document, schema, and taxonomy.

Question 17

Match the linkbase to the appropriate definition.
-Label link

Accepted Answer

Label linkbase is responsible for defining the labels used in the document, which helps in providing human-readable descriptions of the elements within an XBRL (eXtensible Business Reporting Language) document.

Question 18

Match the XBRL essential to the appropriate definition.
-Schema

Accepted Answer

The answer of Match the XBRL essential to the appropriate...

Question 19

XBRL Statement A 25000 -In the XBRL Statement A, which taxonomy is used?

Accepted Answer

The namespace "ifrs-gp" indicates that the IFRS taxonomy is being used in this XBRL statement. The other options listed (Global Ledger, Prepayments Current, and GAAP) are not correct as they do not represent a taxonomy.

Question 20

XBRL Statement A 25000 -In the XBRL Statement A, what is the correct amount?

Accepted Answer

The value in the tag ifrs-gp:PrepaymentsCurrent is 25000, which represents 25,000 in Euros with zero decimal places. Therefore, the correct amount is C) 25000.

Quiz 9: XBRL: Intelligent Business Reporting

Match the XBRL essential to the appropriate definition. -Instance document

XBRL Statement A <ifrs-gp:PrepaymentsCurrent contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">25000</ifrs-gp:PrepaymentsCurrent> -In the XBRL Statement A, how many decimal places are in the amount?

XBRL tags appear between

Which linkbase defines the relationships between the elements and the external regulations or standards?

XBRL Statement B <us-gaap:LongTermInvestments contextRef="ctx104" unitRef="U-Euros" decimals="2">450000</us-gaap:LongTermInvestments> -In the XBRL Statement B, how many decimal places are in the amount?

Match the XBRL essential to the appropriate definition. -Linkbase

Match the XBRL essential to the appropriate definition. -Taxonomy

XBRL uses the same syntax as

XBRL Statement B <us-gaap:LongTermInvestments contextRef="ctx104" unitRef="U-Euros" decimals="2">450000</us-gaap:LongTermInvestments> -In the XBRL Statement B, which taxonomy is used?

Which linkbase defines the different kinds of relationships between elements?

What is the purpose of a schema?

Match the XBRL essential to the appropriate definition. -Elements

Match the linkbase to the appropriate definition. -Presentation link

Match the linkbase to the appropriate definition. -Definition link

The closing XBRL tag includes which character?

Which of the following is NOT a XBRL essential?

Match the linkbase to the appropriate definition. -Label link

Match the XBRL essential to the appropriate definition. -Schema

XBRL Statement A <ifrs-gp:PrepaymentsCurrent contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">25000</ifrs-gp:PrepaymentsCurrent> -In the XBRL Statement A, which taxonomy is used?

XBRL Statement A <ifrs-gp:PrepaymentsCurrent contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">25000</ifrs-gp:PrepaymentsCurrent> -In the XBRL Statement A, what is the correct amount?