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iXBRL Tagging

  • 07-12-2017 1:27pm
    #1
    IrishAlice
    Registered Users, Registered Users 2 Posts: 557 ✭✭✭


    Hi All, 
    I am undertaking the task of iXBRL tagging statutory accounts for the first time and am struggling greatly with the software. 
    Would anyone here have any experience with Arkk solutions and be able to point me in the direction of an instructional video or document online that would help me understand what I'm doing?


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi there

    Why are you doing this and not your accountant. Is it a UK or Irish set of accounts?

    Dbran


  • #3
    IrishAlice
    Registered Users, Registered Users 2 Posts: 557 ✭✭✭IrishAlice


    I am an accountant and have to do them as part of a new role I've taken on. Unfortunately I've received little to no training and playing around with the software is getting me nowhere. 

    It's an Irish set of accounts.


  • #4
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hang on.

    Ixbrl accounts are only required for very large companys in Ireland. Unless you are a large company there is no need to provide them. If you are a large company the company's external accountants should have sufficient software to provide this service.

    Doing it manually is a pain in the ass and is going to be very technical, extremely time consuming not to mention dangerous.

    dbran


  • #5
    IrishAlice
    Registered Users, Registered Users 2 Posts: 557 ✭✭✭IrishAlice


    Ok, I didn't come on here looking for a lecture.  I was just looking for someone to point me in the direction of some instructional videos online. 
    Thanks anyway.


  • #6
    Loughc
    Moderators, Business & Finance Moderators, Recreation & Hobbies Moderators Posts: 25,390 Mod ✭✭✭✭Loughc


    IrishAlice wrote: »
    Ok, I didn't come on here looking for a lecture.  I was just looking for someone to point me in the direction of some instructional videos online. 
    Thanks anyway.

    I didn't see anyone giving you a lecture, in fact I've only seen you getting some very good advice.


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  • #7
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    IrishAlice wrote: »
    Ok, I didn't come on here looking for a lecture.  I was just looking for someone to point me in the direction of some instructional videos online. 
    Thanks anyway.

    I've done ixbrl tagging three times. The first two times were as a senior in a small firm of external accountants. We had three clients that were medium companies and needed ixbrl tagging. We did the tagging through sage and figured it out ourselves as we did it. It took about six hours each simply because we didn't have a clue what to do and had no training.

    The third time was as a senior in a large firm of external accountants. We did it through case view and there was training. It took about an hour and a half. I did it once after the training and after that handed it off to juniors.

    I've never used arrk solutions but I strongly reccomend not doing it without some form of training.


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