Visualizing Basic Accounting Flows: Does XBRL + Model + Animation = Understanding?

Abstract

Abstract:The usefulness of XBRL (eXtensible Business Reporting Language) in facilitating efficient data sharing is clear, but widespread use of XBRL also promises to support more effective analysis processes. This format should allow managers, investors, regulators, and students to aggregate, compare and analyze financial information. This study explores an XBRL-based visualization tool that maps the organization of financial statements captured in the XBRL formalism into a graphical representation that organizes, depicts, and animates financial data. We show that our tool integrates and presents profitability, liquidity, financing, and market value data in a manner recognizable to business students. Our findings suggest the promise of XBRL-based visualization tools both in helping students grasp basic accounting concepts and in facilitating financial analysis in general.

XBRL Gis – Integrating Geographic Information in XBRL Documents

“…With the advent of Web 2.0, there has been an increase in the use of GIS technologies, this is possible due to more interaction of the user interaction with the features contained in this systems. With increased use of the GIS in Web 2.0 context, new tool and applications have arisen, which is applied in other computer domains (J. da Silva, 2008), such as: spatial decision support system (SDSS), business intelligence (BI), geospatial data warehouse (GDW), Spatial OnLine Analytical Processing (SOLAP), according to these works: Fu & Sun (2010), J. da Silva (2008), Marshall et al (2010) e P. C. da Silva (2010). The use of GIS on web also boosted the creation of new computer languages which have been created for distribution and visualization based on geodata, such as: GML (Geography Markup Language), KML (Keyhole Markup Language), GeoMDQL (Geographic Multidimensional Query Language) (Open Geospatial Corporation, 2003;Google Developer, 2013;J.…”

“…It is considered that financial data, available through XBRL documents, are organized to support useful visualizations (Dilla et al, 2010), according to Figure 1, and graphic views of financial data facilitate the understanding of the problems by managers, allowing the elaboration of more effective strategies for solving problems (Marshall et al, 2010). This paper proposes the use of the GML technology for georeferencing of the entities which is represented in the XBRL financial reports.…”

A Study of Accountant Required Skills to Have Efficient Participation in the Implementation of XBRL

“…As the timeliness improves, the efficiency of the decision making process is improved (Dipiazza and Eccles, 2002). And XBRL has been used to automate and integrate changing financial information from multiple sources as it has said about XBRL applications (Marshall et al, 2010;Burnett et al, 2006;Bovee et al, 2005).…”

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

“…A similar structure leads us to consider the relevant role of taxonomies that allow the codification of data in the XBRL format. The taxonomy tags -focus on representing data from traditional financial statements‖ (Marshall et al 2010) and represent -the best substratum for expressing business information of all kinds for utilization by the numerous applications that companies and other organizations must use to manage this information‖ (Bonsón 48 The International Journal of Digital Accounting Research Vol. 11 et al 2009c).…”