Research On Internet Financial Reporting Mode Based On XBRL

It is inevitable that Internet Financial Reporting will partly or completely take the place of reporting presented on paper in the 21 century. In this circumstance, the primary technological problem in Internet financial reporting is the ability to obtain information easily and timely. Due to the weakness of HTML language, XML becomes an effective platform that can solve many questions for its extensibility. From1999, AICPA began to develop a new language based on XML called eXtensible Business Reporting Language (XBRL), to resolve the problem in collecting,transferring,repairing and analyzing accounting information through Internet. Up to now, XBRL has made a great progress in the world.The paper has exactly studied the Internet Financial Reporting mode based on XBRL under the background of the fact. At first, the paper has analyzed the theory base of Internet Financial Reporting. Secondly, the paper has described the existence and application status of Internet Financial Reporting. and it has considered Internet Financial Reporting mode based on XBRL as the most perfect mode.Again,it has discussed technical structure and primary specialty of XBRL, and has put up demand and feasibility analysis of the Internet Financial Reporting mode based on XBRL,also has designed flow chart of the Internet Financial Reporting mode based on XBRL and has expatiated on the advantages of the mode. Once more, the paper has put forward the implement object of the Internet Financial Reporting mode based on XBRL, analyzing the implement Strategy of the Internet Financial Reporting mode, and considered the future of the Internet Financial Reporting mode is very nice. Finally, the paper has applied the XBRL Internet Financial Reporting flow through Chinese Petrochemistry Company the analysis, put forward the improvement proposal to the Shanghai stock Exchange reporting technology system flow and think the application of XBRL Internet Financial Reporting in China.