Application Framework Of XBRL-GL's Construction

With the development of information technology, the enterprise stakeholders’requirement of improving the quality of financial information is increasing, and XBRLtechnology arises at the moment, XBRL is a language based on XML, it is a standard thatcontains different regulations, and by using it, data can be transferred across differentsystems and platforms, it provides standard for the whole supply chains. Under the XBRLtechnology, the data only need to be input one time, so greatly improves the efficiency ofthe generation of external and internal reports, so it guarantees the consistency andtransparency of the data on the information chain. At the same time, the XBRL standardhas the characteristics of extensible, it allows users to add custom elements, enhancing theusefulness of information.XBRL standard including XBRL-GL standard (universal standard or ledger booksstandard) and XBRL-FR standard (financial reporting standard). XBRL-FR standarddescribes the financial report information, mainly used in external reports while XBRL-GLstandard describes the information in the financial transaction level, mainly used in theinternal report. Since XBRL was launched in china in2006, the accounting academia hasalways been focus on it, but its practical application progress is slow, it still stays on theXBRL-FR-level. In view of this phenomenon, this paper focus on the XBRL-GL level, anddeeply explores the application of XBRL-GL in China.Based on review of related literature, this paper determines the research methods andcontext, and then analyzes the value of XBRL-GL from two aspects, the quality ofaccounting information and stakeholder’s benefit, and puts forward the necessity andimportance of the application of XBRL-GL. Then determines the strategy of how toclassify the standard from theoretical basis, the sources of financial facts and the structure.At last discusses the ways of implying XBRL-GL standard to the system of company,government and external supervision department, at the same time analyzes the potentialrisk and the solving measures, so as to construct a XBRL-GL application framework inChina.