Case Study Of Petrochina XBRL Financial Report Disclosure

At present,the mode of financial report of the company mainly include: PDF,HTML,WORD and so on,with the development of information technology,Internet plus era,produced by these traditional mode of financial report due to the incompatibility between files,which has been unable to meet the requirements of the times,information users can not work according to their own needs the extraction and analysis of data,greatly affect the users of the information exchange of existing enterprise information and reuse.At the same time,it also makes the enterprise and the regulators and the internal information can not be exchanged and analyzed,which largely affects the efficiency of the decision making by the information users.In 1998,the American Institute of Certified Public Accountants proposed an open global standard data format,eXtensible Business Reporting Language(Extensible Business Reporting Language,XBRL),it has the advantage of enterprises can achieve the financial and non-financial data timely,accurate and efficient storage and sharing analysis,many countries in the world are currently in widely used in XBRL wave,China enterprises want to follow the international financial reporting mode must grasp the pace of high technology.PetroChina Co Ltd(hereinafter referred to as CNPC)as the first pilot to promote the implementation of XBRL technology companies in the oil industry occupies a pivotal position.Therefore,in response to the call of the Ministry of Finance oil,set up a special group XBRL and its application in petroleum industry extension classification standards,through the XBRL editing software will develop good financial reporting and classification of the elements in the corresponding,to generate the XBRL instance document.This paper selects the oil samples from control and XBRL environment of enterprise internal financial reporting process and compared with the traditional model of financial reporting perspective,analysis of existing problems and causes of the disclosure in the financial reporting process,and put forward reasonable suggestions.Hope to provide reference for subsequent enterprise application of XBRL technology.