Financial Statements | iXBRL Lite | Best practice when copying and pasting the required disclosure content from your financials into the XBRL Lite template

Published: 16/05/2023

XBRL Lite no longer references to external PDF documents

iXBRL Lite was released to the market as a way for firms to successfully submit iXBRL compliant financials that were not drafted in our Caseware Working Papers. The CIPC now requires all iXBRL Lite submissions to not reference external PDF documents. Your iXBRL document submissions must therefore contain all the disclosure content in it. This is done by copying and pasting the mandatory disclosure requirements into the iXBRL template which is easily identified by the green text blocks.

User-added image

Best practice when copying the required disclosure content:

You cannot copy and paste from a PDF. All forms of scanned or saved as PDF file formats do not allow you to keep all the required formatting of items like tables and columns when you try to copy it from PDF into the iXBRL Lite template.
PDF files would therefore need to be converted to a Microsoft Word document BEFORE you can copy and paste into the iXBRL Lite template.
If you are unsure about how to convert PDF files to Microsoft Word, kindly reach out to your IT administrator to find out what your firm prefers.
After copying and pasting, formatting options from the Caseview Home tab can be applied. You will be able to change Font options such as type, style and size, Paragraph options such as justifications and indents etc.

Applicable Notes or Accounting Policies (ACP’s) must be copied one at a time into it’s respective green block tag section as shown above and any blank paragraphs that cause unnecessary spaces should be removed.

Instructions:

Introduction to the new iXBRL Lite template

Caseware Africa adds value to its clients by making sure that they remain compliant. We continued to engage with the CIPC and kept up to date with the iXBRL requirements. There is therefore a best practice when copying and pasting the required disclosure content from your Annual Financial Statements into the new XBRL Lite template.

Rate this article:

Processing...

(Popularity = 0/100, Rating = 0.0/5)

view all...