Research On The Improvement Of XBRL Application Of Great Wall Information

Based on XML (eXtensible Markup Language) technology development and to the eXtensible Business Reporting Language XBRL (eXtensible Business Reporting Language) is the network financial report to the technical basis for the development of advanced stage. XBRL offers a more intelligent, standard, convenient information platform, make the information users can more accurately and quickly, exchange, collection of financial information and reuse, truly achieve "a door, resource sharing". In October 2010, China issued the XBRL specifications series of national standard and XBRL general classification standard. Standards issued by the next year,13 large state-owned enterprises begin to participate in the implementation of the general classification standards. In 2013, Financial Department of Hunan province started to organize domestic companies to apply XBRL to financial reports. As one of the companies that apply XBRL first, GWI has gathered much data and experiences in XBRL's application. It has much reference value for XBRL application in China that learn from the experience and problem research.This article first introduces the research background and research significance of XBRL, summarizes the research results at home and abroad, and on the relevant research achievements were briefly reviewed in this paper. In the second part, mainly introduces the concept of XBRL, technology principle and theoretical basis. This paper analyse the motivation for corporations to apply XBRL based on signal transmission theory, and use the ontology theory and financial information element theory as the foundation of XBRL system's improvement This paper reviews and analyzes the situation of GWI's application of XBRL in the second Chapter and gets a conclusion that GWI does have the demand and condition to apply XBRL. At present, GWI this mode is ineffective and easy to make mistakes, what is worse,the mode cannot take full advantage of XBRL. Thus, a new mode should be adopted. On the application of general taxonomy, there are some problems like the low rate of general taxonomy cover, the disunion of expansion standard, and the repeated expansions. On the foundation of using the advanced experiments of some famous firms at home and abroad on XBRL application, this paper propose "three-step strategy" to modify the application mode from manual operation to automatic operation and from financial reports to the front-end of the supplication chain of financial information as the strategy goes further. According to the "three step strategy", this paper proposes that GWI should build a expansion taxonomy for its own and integrate the expanded taxonomy with its financial general ledger system in order to apply XBRL to the business operation and achieve the goal of XBRL. To coordinate the strategy, it propose to build GWI's expanded taxonomy based on the general taxonomy, and stipulate the principles and methods of expanding.