IFRS

The IFRS - International Financial Reporting Standards o IAS - corresponds to the International Accounting Standards, called IFRSs all together, which homogenize the criteria for the administration of accounting and financial information of the organizations so this can be compared and evaluated on the same basis. The IFRS sets the requirements of recognition, measurement, presentation and information to be disclosed concerning the transactions and economical events which are important in the financial statements. The norms are designed to be applied in the financial statements with a general purpose, as well as in other financial information, of all the profit-making entities.         

The goal of the Financial Statements is to provide some Information:
•    About the financial situation, mainly because of the Balance that changed its name by the Change     Status in the Financial Situation.
•    About the activity or performance, mainly because of the Results’ Status. 
•    About the funds flow, mainly because of the Cash Flow Status.

XBRL

The Extensive Language for Business Reports (XBRL) is a standard based on the XML (eXtensible Markup Language), specifically created to analyze, exchange and report financial information in multiple formats and languages in an automatic and standard way. XBRL is a technical format that, among other features, causes the documents to be systematically processed on a computing basis.

XBRL defines concept standards for the information exchange that becomes a Taxonomy that rules the use of such concepts.