The production and use of semantically rich accounting reports on the Internet: XML and XBRL

Debreceny, Roger; Gray, Glen L.

doi:10.1016/s1467-0895(00)00012-9

Cited by 194 publications

(97 citation statements)

References 42 publications

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“…Data intermediaries attempt to alleviate this problem by normalizing the data into standardized formats and categories. This data cleaning procedure distorts the information and hides the subtleties necessary for understanding and analysis (Debreceny and Gray 2001), thus making it potentially inaccurate and/or deceptive and less valuable. XBRL tagging according to set taxonomies is performed by the creators of the information, thus eliminating the need for normalization (DiPiazza and Eccles 2002).…”

Section: Users Of Financial Reportsmentioning

confidence: 99%

“…The use of standardized XBRL taxonomies makes cross-sectional comparisons between companies in a specific industry possible (Bonson et al2009;Bovee et al 2002, Callaghan et al 2002, Debreceny and Gray 2001. While this benefit is possible within an industry, the degree of specialization between industries makes the use of one taxonomy virtually impossible.…”

Section: Users Of Financial Reportsmentioning

confidence: 99%

“…Though earlier articles (Baldwin et al 2006, Debreceny andGray 2001) have noted the rich research opportunities XBRL provides --in such areas as taxonomies, databases, assurance, intelligent agents, interfaces, standards development and others --researchers have only recently begun to address any aspect of XBRL use and adoption (Bonson et al 2009, Pinsker and Shaomin 2008, and Troshani and Rao 2007, Doolin and Troshani 2007). …”

Section: Conclusion and Future Researchmentioning

confidence: 99%

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The Impact of XBRL: A Delphi Investigation

Baldwin¹,

Trinkle.²

2011

IJDAR

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Abstract. This project attempts to add to the extant research by presenting the results of a future forecasting Delphi study that addresses the impacts of XBRL in the second decade of the new millennium. The future impacts of XBRL [eXtensible Business Reporting Language] on financial reporting were studied using the Delphi technique. The Delphi panel suggests that XBRL is very likely to impact corporations, financial reporting, users of financial reports and auditing. The most likely impacts of XBRL include: increased accessibility of financial reports, easier regulatory compliance, enhanced availability of financial reports, facilitation of continuous reporting, and improved efficiency in investment and business decision making.

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Section: Users Of Financial Reportsmentioning

confidence: 99%

Section: Users Of Financial Reportsmentioning

confidence: 99%

Section: Conclusion and Future Researchmentioning

confidence: 99%

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The Impact of XBRL: A Delphi Investigation

Baldwin¹,

Trinkle.²

2011

IJDAR

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“…Therefore, the taxonomies should be able to accommodate financial reporting practices to meet user demands at the country, industry or firm level (Debreceny and Gray 2001;Bovee et al 2005;Debreceny et al 2005;Baldwin et al 2006). …”

Section: Literature Review Of Xbrl Taxonomiesmentioning

confidence: 99%

Adopting XBRL in Italy: Early evidence of fit between Italian GAAP Taxonomy and current reporting practices of non-listed companies

Valentinetti¹,

Rea²

2011

IJDAR

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Abstract. XBRL (eXtensible Business Reporting Language) will soon be the leading means of corporate financial reporting. A key feature of its adoption relies on well-defined standard taxonomies, which should adequately reflect both the accounting standards and the reporting practices of firms. This study considers this issue, following the concept of -taxonomy fit‖ proposed by Bovee et al. (2002; and Bonsón et al. (2009a). The aim is to fill a specific gap in the previous literature, by analyzing the applicability of XBRL in the context of template-based accounting standards. Specifically, we assess the fit between the XBRL Italian GAAP Taxonomy and the traditional annual reports of Italian non-listed companies, which are required to file their financial statements in XBRL. The results show an almost perfect fit but with significant differences among the financial statements analyzed. In addition, the degree of misfit, when it occurs, depends on the sector, the size and the level of disaggregation of information provided by the companies.

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“…For example, it has helped the IFRS in its harmonizing efforts by providing a common reporting platform that incorporates the semantics of IFRS for various jurisdictional taxonomies and effectively removed complications associated with jurisdictional reconciliations, thereby reducing gaps that existed in the various member states reporting standards. XBRL therefore provided IFRS reporters with the ability to prepare common illustrative financial statements, but also allows for jurisdictional flexibility and nuances (Debreceny & Gray, 2001;Premuroso & Bhattacharya, 2008; XBRL International). For auditors: more accurate, timely and complete data for analysis which makes it easier to identify anomalies; offers the opportunity for more frequent assessments; enables faster and more efficient research of documents; allows for easier identification of reporting changes and compliance with standards and faster completions of assessments (Willis & Hannon, 2005).…”

Section: Xbrl Benefits and Drawbacksmentioning

confidence: 99%