The Process Of Creating XBRL Instance Documents: A Research Framework

Abstract

The past decade has witnessed a technological revolution fueled by the widespread use of the Internet, web technologies, and their applications. Within financial reporting, proponents of extensible Business Reporting Language (XBRL) argue that XBRL will revolutionize financial reporting since it allows corporate financial information to be aggregated, transmitted, and analyzed quicker and more accurately (Hoffman and Strand 2001;Hannon 2002;Bovee et al. 2005;Willis 2005;Cox 2006). The SEC recently mandated that publicly traded companies furnish financial information in XBRL format (Rummel 2008; SEC 2009a). Thus, the purpose of this project is to provide researchers with a framework for examining the process financial statement preparers use to create XBRL instance documents. Further, the paper (1) demonstrates how the framework may be used, (2) raises unanswered questions, and (3) suggests avenues for future research. RightsThis is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. (Hoffman and Strand 2001;Hannon 2002;Bovee et al. 2005;Willis 2005;Cox 2006). The SEC recently mandated that publicly traded companies furnish financial information in XBRL format (Rummel 2008; SEC 2009a

Response of the EAA FRSC to the EFRAG/ANC/FRC Discussion Paper:Towards a Disclosure Framework for the Notes

“…Problems of disclosure overload for individual users include the time associated with searching and locating relevant information (Janvrin and Mascha, 2010). Paredes (2003) gives a broad overview of the effect of information overload and implications for mandatory disclosure requirements, reviewing empirical evidence from investor psychology and behavioural finance fields.…”

Standard Business Reporting (SBR) Adoption in Australia, Critically Acclaimed, Box Office Flop: Constructivist and Ecological Rationalities in Information Systems (IS) Adoption

“…Prior research in the XBRL literature has primarily focused on the theoretical attributes and benefits associated with XBRL-based reporting from a user perspective (Alles & Piechocki, 2012;Baldwin, Brown & Trinkle, 2006;Janvrin & Mascha, 2010;Vasarhelyi, Chan & Krahel, 2012;Muthusamy, Bir & Birt, 2017). Recent research has found that the anticipated benefits of XBRL focus predominantly on efficiency within the realm of the data and report-producers and on effectiveness within the realm of the data and report-consumers (Robb, et al 2016).…”

The role of accounting values in the relation between XBRL and forecast accuracy

“…Many studies reveal positive association between the quality of disclosures and forecast accuracy (Hope, 2003). Many expect XBRL to reduce re-keying information, diminish errors in duplicated data entry, and thus increase data accuracy ( Janvrin and Mascha, 2010;Pinsker and Wheeler, 2009). Yoon et al (2011) find XBRL to reduce information asymmetry.…”