With every business, there is financial reporting. Every year companies deal with everchanging developments in their annual reporting. The worldwide COVID-19 pandemic had and will continue to have a massive impact on fiscal health and business developments. Yet, European authority ESMA declared the ESEF format mandatory from 2022 onwards.

The big question is, will ESEF and XBRL make financial reporting more beneficial? In Europe, listed companies that prepare their annual reports in IFRS or US GAAP are now mandatory to report in XBRL. The implementation of ESEF means that companies now have to deal with matters such as XBRL tagging and ESEF taxonomy.

Companies, therefore, now face their first (or second) ESEF reporting. With any new developments, a good start is half the battle. Can we now expect more transparency in financial reporting, or will comply with (inter)national laws become the most significant challenge? Why do tags and taxonomy matter? How can you benefit from XBRL-related software and services? In 20 minutes, Global Connect Consultancy answers these questions.

With this webinar, we want to assist companies that want to start with XBRL or wish to discover what their XBRL journey looks like. In case you have started with your XBRL process yet encounter challenges or want a quick refresher, then this webinar is for you as well.

In this webinar, Global Connect Consultancy will explain:

• What is XBRL

• 11 advantages of XBRL and XBRL software

• 2 main challenges companies currently face when dealing with XBRL

• How Global Connect Consultancy and Amelkis XBRL assist your company’s XBRL journey