PetroChina Research Based On The Accounting Information Disclosure Of XBRL

Accounting information is the people through daily accounting practices to reflect changes in the relevant information about the economic situation of the main value accounting, is based on enterprise management decisions. Accounting information of listed companies to the public and to ensure that external stakeholders through corporate disclosure out of the information to understand the financial position and operating results. Therefore, only the disclosure of high-quality accounting information in order to enable stakeholders to make informed decisions in favor of the development of enterprises. Now, more rapid development of information technology network, which led to the traditional accounting information disclosure model has been a huge impact, but based on accounting information disclosure model networks have been relatively more recognized companies, however it still exists in the art some shortcomings, so there is a gap expected to disclose accounting information out of people. Until eXtensible Business Reporting Language (eXtensible Business Reporting Language, hereinafter referred XBRL) birth for corporate disclosure of accounting information provided higher quality strong technical support, the developed countries of the world are actively applied, XBRL have entered the stage of large-scale promotion and universal application. In this context, Chinese companies want to maintain convergence with international financial reporting model, it will have to master the XBRL applications.China has achieved the first pilot unit to promote the implementation of XBRL, PetroChina Company Limited (PetroChina said under) as one of the first companies to implement XBRL, it has a sound internal control, solid accounting foundation and other advantages, so the applications in China XBRL enterprise has a representative. PetroChina in accordance with the requirements of the Ministry of Finance was established XBRL Project Steering Committee and the project team, the application of the oil industry extension taxonomy, using plug-in approach, good financial reporting and classification of the elements will be developed by XBRL editing software correspondence for loss achieve XBRL instance documents submitted annual reports to work, to meet the regulatory agency requirements for information management. So choose the oil sample, using the inductive method, system analysis and the theory and examples of a combination of methods, from oil financial reporting accounting information disclosure of the main table and the notes section of the specific analysis and found that the financial report of oil XBRL platform in the presence of accounting information disclosure in error, not detailed accounting information disclosure, accounting information is not disclosed and other undisclosed issues. These issues are summarized to identify the causes of these problems, which made specific targeted recommendations. Although PetroChina achieve submit XBRL financial reports, so far disclosed by PetroChina application out of the accounting information XBRL are still many problem need to be further explored.