Is there a standard database format for financial information of a company ?

Is there any standard format with which Companies/Stock Exchanges use to communicate financial data? Like Balance Sheet, Income Cash Flow etc. Some of these data are submitted to Securities Board using formats like EDGAR. But what is generally the standard? Where do I find more information on this?

Solution

Not sure on your exact requirements, but you might be interested in XBRL -- eXtensible Business Reporting Language

XBRL is an XML file format rather than plain text / csv, but is the heavyweight champion in financial reporting -- already adopted by US and European central banks.

The XBRL General Ledger dialect is used for reporting transactional GL data.

See also:

XBRL.org Specifications Repository -- http://www.xbrl.org/Specifications/
Securities and Exchange Commission's portal about XBRL -- http://xbrl.sec.gov/

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