XBRL: Different Approach of Utilization

Singerová, Jana

doi:10.1016/s2212-5671(15)00721-2

Cited by 5 publications

(6 citation statements)

References 2 publications

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“…While the growth in the number of companies providing digital corporate reports was slow up until the US SEC's adoption mandate in 2009, their availability is increasing at a significant rate internationally. Regulators in the UK, China, Singapore, Germany, Israel, Australia, the Netherlands and many other jurisdictions now require the submission of digital filings (SEC, 2009;Singerová, 2015;Srivastava and Kogan, 2010). Most recently the European Securities and Markets Authority has regulated for the mandatory application of digital reporting across the European Union by 2020 (ESMA, 2016).…”

Section: Introductionmentioning

confidence: 99%

Sites of translation in digital reporting

Locke

Rowbottom

Troshani

2018

AAAJ

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Purpose The purpose of this paper is to analyse the process by which “analogue” corporate reports produced under a “paper paradigm” are translated into a machine language as required by digital reporting. The paper uses Austin and Searle’s linguistic speech act theory to examine how digitally translating reporting information into atomised data affects the infrastructure and practice of accounting. Design/methodology/approach Extensive interview and observation evidence focussed on the IFRS Foundation’s digital reporting project is analysed. An interpretive approach is informed by the concepts of L compatibility, illocution and perlocutionary acts which are drawn from speech act theory. Findings Two key sites of translation are identified. The first site concerns the translation of accounting standards, principles and practices into taxonomies for digital tagging. Controversies arise over the definition of accounting concepts in a site populated by accounting and IT-orientated experts. The second site of translation is in the routine production and dissemination of digital reports which impacts the L compatibility between preparers and users. Originality/value The paper highlights a previously unexplored field of translation in accounting and contributes a unique perspective that demonstrates that machine translation is no longer marginalised but is the “primary” text with effects on the infrastructure and practice of accounting. It extends speech act theory by applying it to the digital domain and in the context of translation between languages.

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Section: Introductionmentioning

confidence: 99%

Sites of translation in digital reporting

Locke

Rowbottom

Troshani

2018

AAAJ

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“…Digital business reporting using XBRL has been adopted on a voluntary or mandatory basis in many jurisdictions, including Australia, Belgium, China, Denmark, France, Spain, Japan, Canada, South Korea, Germany, the United States (US), and the United Kingdom (UK) (Kernan, 2008;Singerová, 2015;Enachi, Andone, 2015). Furthermore, this standard has not been implemented only in listed or unlisted companies (Avallone, Ramassa, Roncagliolo, 2016) but also in government agencies and other entities from the public sector (Chen, 2012;Mousa, Pinsker, 2020).…”

Section: Theoretical Background and Research Questions Developmentmentioning

confidence: 99%

“…To address this apparent gap, we employed a survey questionnaire to gather information from issuers of securities listed on the Warsaw Stock Exchange (WSE) in Poland, whose financial reports were complied with IFRS. In contrast to several Member States of the EU, Poland had been the jurisdiction with no proven and mature XBRL/Inline XBRL adoption in the field of non-financial companies reporting before the ESEF requirements came into force (Singerová, 2015;Enachi, Andone, 2015). Hence, the preparers' perception of the obligation to submit interactive financial data may likely differ from the perception of those who have already operated in jurisdictions with earlier XBRL/Inline XBRL utilisations for non-financial companies reporting purposes.…”

Section: Introductionmentioning

confidence: 99%

An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

Miścikowska

2022

Folia Oeconomica Stetinensia

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Research background: This paper focuses on the preparers’ opinion on reporting in the European Single Electronic Format (ESEF). Purpose: The goal of the paper is to examine the preparers’ perception of adopting Inline XBRL as a fundamental technology to report annual consolidated financial statements under International Financial Reporting Standards (IFRS) within the ESEF framework. Research methodology: In the present work, Poland was considered as a case study. Using the survey, we obtained evidence from 25 issuers of securities listed on the Warsaw Stock Exchange, whose financial reports were complied with IFRS. Results: The questionnaires were completed in the majority by issuers with no previous experience in XBRL utilisation. One of the more significant findings to emerge from this study is that respondents could not be able to judge the appropriateness of Inline XBRL selection as a digital reporting format, or they disagreed with it. Furthermore, over half of them saw no need to extend this technology to other business reports, including non-financial reporting. Novelty: The paper can offer valuable pre-insights into preparers’ perception of introducing Inline XBRL in the context of ESEF reporting and ensure initial feedback to the policy-makers responsible for ongoing and forthcoming digital reporting standards initiatives in the European Union.

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“…This combined approach using XBRL along with IFRS uses best practices and creates a regularized system with a view to improving transparency and quality for users and shareholders in the field of financial reporting. The IFRS foundation thus plays an integral part in the adoption of XBRL [8].…”

Section: Xbrl's Impact On Financial Reportingmentioning

confidence: 99%

Xbrl technologies for financial reporting in information systems

Zamzam

Qaffas²

2018

IJMIT

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Without a common format, the financial community has been constantly penalized by the data exchange process. Currently, when financial data are dematerialized, they are exchanged in a multitude of formats: Excel files, free text, PDF, etc. Often not much more suitable for processing than photocopying and limited to certain platforms, these formats prove unsuitable for the exchange of information between programs, for analysis, comparison and presentation of reports to users. So far, despite a strong tendency to use XML syntax, attempts at convergence have struggled to generalize and apply to many sectors and contexts.In recent years, reporting requirements have led to a significant increase in the cost of using financial systems. The use of XBRL technology, using XML syntax, supported by many players in the world of finance, the software industry and adapted to reporting, can constitute the solution. Many governments, regulators, financial institutions are already using XBRL or have pilot projects in place.This document specifically targets XBRL. This technology, which is now recognized by the entire software industry, provides tremendous benefits for data exchange, storage, research and processing.

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XBRL: Different Approach of Utilization

Cited by 5 publications

References 2 publications

Sites of translation in digital reporting

Sites of translation in digital reporting

An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

Xbrl technologies for financial reporting in information systems

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