Influence Of XBRL Implementation On Accounting Conservatism Of Listed Companies

Since the COVID-19 outbreak,cloud office has become the choice of more and more enterprises,which forced enterprises to accelerate the pace of changing the traditional accounting model.The advantages of accounting informationization in such an environment is particularly prominent.In the process of accounting informationization,XBRL(Extensible Business Reporting Language)is the most advanced financial information exchange technology in the world.Since the advent of XBRL technology has swept across many countries.Investment users,brokerages,financial regulators,and agencies in countries such as the US,UK,Australia,China,and Japan are all under the influence of XBRL.The greatest advantage of XBRL technology is that it can obtain the information users need through a variety of ways,and can improve the level of information disclosure,improve the breadth and depth of information acquisition.After the XBRL financial report is put into use,the user’s ability to analyze financial information has been significantly improved,which can optimize the process of preparing financial statements for enterprises.XBRL is mainly used in the disclosure of financial reports in our country.Due to the implementation of XBRL,the transparency of accounting information is improved,the asymmetry of information is reduced,and the agency conflict is alleviated.Management will take a more prudent approach to accounting information disclosure,accounting estimates and accounting policy changes.This is bound to affect the company’s accounting conservatism.As one of the important characteristics of measuring the quality of financial reports,accounting conservatism is of great significance to improving the quality of accounting information.Therefore,it is necessary to study the changes of accounting conservatism after the implementation of XBRL.This paper first applies the theoretical analysis method,introduces XBRL and related theories of accounting conservatism as the basis,and further studies the influence of XBRL on accounting conservatism.Secondly,the empirical method is used to analyze the influence of the relationship.Finally,based on the normative research and empirical results,the hypothesis that the implementation of XBRL improves the accounting conservatism of listed companies is verified in this paper.Based on the general classification standard by the Ministry of Finance in the A shares listed on the pilot enterprises as the research sample,with A C-Score as A measure of accounting conservatism,through descriptive statistics,ttest,multiple methods of classification and regression analysis to verify whether the XBRL can significantly affect the accounting is moderate,and respectively from the macro to micro point of view on the future development of XBRL are proposed.