XBRL, which stands for eXtensible Business Reporting Language, represents a significant advancement in the realm of business and financial data communication, reshaping the landscape of global business reporting. XBRL is part of the family of computer languages rooted in XML (Extensible Markup Language), which serves as a widely recognized standard for the electronic exchange of data among businesses and across the internet. Within the framework of XML, specific tags are assigned to data elements, enabling streamlined processing by computer software, thereby enhancing efficiency in data handling and analysis.