Combining Data Analytics with XBRL: The ViewDrive Case

Tadesse, Amanuel F.; Vincent, Nishani Edirisinghe

doi:10.2308/issues-2020-048

Cited by 5 publications

(1 citation statement)

References 26 publications

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“…Tadesse [21] and N.E. Vincent [21] combined data analysis with XBRL. A group of foreign authors V. Tawiah and H. Borgi [22] carried out the impact of XBRL implementation on the quality of financial reporting.…”

Section: Literature Reviewmentioning

confidence: 99%

Presenting Financial Information in Digital Formats as a Base for Analysis and Audit of Business Activities of Enterprises

Shygun,

Bezverkhyi,

Pylypenko

et al. 2023

ФКДПТП

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he digitalization era of public relations is increasingly affecting the means of presenting information about the economic activities of an enterprise, in particular financial, in the context of a global pandemic, which was caused by the global COVID-19. Increasingly, in our environment, there is a transition from paper to electronic information carriers. The financial information generated by business entities both in Ukraine and in the world as a whole is no exception.The purpose of the study is to systematize the existing digital formats for presenting financial information as a basis for analyzing and auditing the business activities of enterprises in Ukraine.The basis of the study is the methodological recommendations on the use of Taxonomy UA XBRL IFRS, instructions for the revision of the Ukrainian IFRS taxonomy, specialized software products, legislative framework of Ukraine. The following methods were used: graphical (to visualize the results of the study), and grouping (to systematize the advantages and disadvantages of software that uses tax services to conduct e-audits)./Digital formats for the presentation of financial information were analyzed. They are the basis for the analysis and audit of the enterprise's activities. The structure and characteristics of the legal framework for the disclosure of financial information in electronic XBRL format in Ukraine were given. Comparative analysis of financial information in digital format XBRL and SAF-T UA were carried out.It has been determined that XBRL can be used as a basis for analyzing financial information in electronic format using special software, for example, to assess the financial condition, calculate indicators of financial stability, liquidity, solvency, business activity, enterprise profitability, etc. It has been proved that the electronic format of financial information SAF-T UA is used when conducting an electronic audit (e-audit) of taxpayers, and can also be used to calculate the tax burden (tax return, tax efficiency ratio) used by the State Tax Service of Ukraine for the purpose of control completeness of calculation and payment of relevant taxes and fees to the state budget.

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Section: Literature Reviewmentioning

confidence: 99%

Presenting Financial Information in Digital Formats as a Base for Analysis and Audit of Business Activities of Enterprises

Shygun,

Bezverkhyi,

Pylypenko

et al. 2023

ФКДПТП

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Management accounting and data analytics: technology acceptance from the educational perspective

Vysotskaya,

Prokofieva

2024

Accounting Education

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Using Data Analytics to Evaluate the Drivers of Revenue: An Introductory Case Study Using Microsoft Power Pivot and Power BI

Libby

2022

Issues in Accounting Education

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This case introduces students to a big-box chain of home improvement stores with locations across the United States. In the role of a data analyst for the company, students will help the new CFO to understand the non-financial drivers of revenue in this retail chain. In addition, students will create a “dashboard” visual that allows the CFO to evaluate the performance of each store manager by date and by state and by store number. Ten years of data created specifically for this project, including revenue by store and data to create four non-financial performance measures at the store level are available in a Microsoft Access database. Students analyze this data using Excel Power Pivot and/or Power BI and summarize their findings in a visual and written report.

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Combining Data Analytics with XBRL: The ViewDrive Case

Cited by 5 publications

References 26 publications

Presenting Financial Information in Digital Formats as a Base for Analysis and Audit of Business Activities of Enterprises

Presenting Financial Information in Digital Formats as a Base for Analysis and Audit of Business Activities of Enterprises

Management accounting and data analytics: technology acceptance from the educational perspective

Using Data Analytics to Evaluate the Drivers of Revenue: An Introductory Case Study Using Microsoft Power Pivot and Power BI

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