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Study On XBRL In China

Posted on:2006-02-05Degree:MasterType:Thesis
Country:ChinaCandidate:J M HuangFull Text:PDF
GTID:2156360152971916Subject:Accounting
Abstract/Summary:PDF Full Text Request
As information technology makes new progresses with each passing day, the Internet, unlike the traditional media, such as newspaper and TV, develops so rapidly that it has become one of the most important channels through which people acquire information. Through the Internet, information is accessible almost from anywhere in the world, without geological restrictions, which considerably reduces the cost of acquiring information. In the meanwhile, with the development of globalization in the economic world, more and more interest groups cast their concerns about financial information in the increasing markets. Correspondingly, requirements on the quality and the update of such information become higher and higher. The traditional ways of publishing information cannot catch the steps of the Internet any more.Extensible Business Reporting Language (XBRL) is a way to meet this requirement. It is defined to "provide an XML-based global information supply chain, by which users can schedule, exchange, and analyze information of financial reports, including the financial reports that have already been made, such as annual reports, quarter reports, general ledgers and audit reports. XBRL suggests an automatic exchange of financial report information that is reliably readable by any application software; and such information is free download." Inherited with XML's advantages, and according to the properties of financial information, XBRL scheduled special criteria to meet the requirements from all circles.This paper, oriented with demands on financial report, analyzes the features of different Internet financial report, and demonstrates the objective necessity of applying XBRL criteria in China. After discussing the establishment of XBRL criteria in China, the paper further discusses the constitutes of China XBRL criteria organizations, and analyzes the functions of some main organizations, such as the Ministry of Finance, China Securities Regulatory Commission(CSRC),State Administration of Taxation etc. Based on the present publishable types of financial information, the China XBRL classification standards are discussed, including accounting rule related information, the information publication of PLCs and taxation information. The process of scheduling such classification standards is also analyzed. Moreover, with the features of XBRL criteria, the paper discusses the application of XBRL criteria on financial report in China, and analyzes the prospects in the fields of financial accounting and audit. Finally, with the will of advancing the development of XBRL criteria in China, and improving the theoretic and practical studies on XBRL criteria, personal suggestions on future study of XBRL are brought forward.
Keywords/Search Tags:Extensible Business Reporting Language (XBRL), Extensible Markup Language(XML), Financial Report, Disclosure of, Information, Accounting Computerization
PDF Full Text Request
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