Applying XBRL in an Accounting Information System Design Using the REA Approach: An Instructional Case*

Peng, Jacob; Chang, C. Janie

doi:10.1111/j.1911-3838.2010.00004.x

Cited by 16 publications

(5 citation statements)

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“…There is wide interest in both the academic and the practitioner communities in the development of this standard (Roohani et al, 2010), as well as in the educational context (Fedorowicz, 2003;Peng and Janie Chang, 2010). More attention should be paid to the proliferation of its adoption among different categories of users.…”

Section: Discussionmentioning

confidence: 97%

XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

Valentinetti

Rea

2013

Accounting Perspectives

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The systematic adoption of the eXtensible Business Reporting Language (XBRL) for financial reporting represents a great challenge. Worldwide, a large number of regulators are making an effort to promote the adoption of this standard to simplify and enhance the communication of financial information. This requires the definition of well-structured taxonomies that can standardize and accommodate the content of financial reports prepared by firms. This study aims to analyze the regulator-led adoption of XBRL for financial reporting. It examines the XBRL taxonomies used by Italian firms to reflect their financial reporting under rulebased Italian GAAP and principles-based International Financial Reporting Standards (IFRS). We compare the alignment of the Italian GAAP taxonomy and the IFRS taxonomy with Italian companies' financial statements and find two different levels of fit. The results offer useful insights for regulators and policy makers in prescribing or establishing appropriate taxonomies. We illustrate the potential impacts of the different taxonomies on the quality of financial reporting in terms of comparability and potential loss of information. L'INFORMATION FINANCI ERE EN MODE XBRL : PCGR ITALIENS ET IFRS RÉSUMÉ L'adoption syst ematique de l'eXtensible Business Reporting Language (XBRL) dans la communication de l'information financi ere est un enjeu de taille. Partout dans le monde, de nombreuses autorit es de r eglementation s'efforcent de promouvoir l'adoption de cette norme pour simplifier et favoriser la communication d'information financi ere. Cette conversion exige la d efinition de taxonomies bien structur ees, aptes a normaliser et a traiter le contenu des rapports financiers pr epar es par les soci et es. Les auteurs ont pour but d'analyser l'adoption du XBRL dans la communication de l'information financi ere, a l'initiative des autorit es de r eglementation. Ils etudient les taxonomies XBRL utilis ees par les soci et es italiennes pour convertir leur information financi ere etablie conform ement aux PCGR italiens, fond es sur les r egles, et aux normes internationales d'information financi ere (IFRS), fond ees sur les principes. Les auteurs comparent l'alignement de la taxonomie des PCGR italiens et de celle des IFRS dans les etats financiers des soci et es italiennes et observent deux niveaux d'ad equation diff erents. Les r esultats fournissent aux autorit es de r eglementation et aux responsables de l' elaboration des politiques des renseignements utiles en ce qui a trait a la prescription ou a

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Section: Discussionmentioning

confidence: 97%

XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

Valentinetti

Rea

2013

Accounting Perspectives

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“…XBRL is among the least frequently covered topics in accounting programs' curricula (Badua, 2008;Rezaee et al, 2006). In response to this challenge, cases, exercises, and illustrations have been developed to train students and practitioners on XBRL (Capozzoli & Farewell, 2010;Debreceny & Farewell, 2010a, 2010bNaumann, 2004;Peng & Chang, 2010;Phillips et al, 2008;Taylor & Dzuranin, 2010;Tribunella & Tribunella, 2010;White Jr., 2010b). Bartley et al (2011) reveal that the use of a voluntary filing program (VFP) such as the U.S. VFP offers an effective learning experience to identify and solve unanticipated issues because a reduction in errors in XBRL documents over time is identified in the U.S. VFP.…”

Section: Sub-theme 2: Organizational Readinessmentioning

confidence: 99%

“…It's also perceived as a useful IT productivity tool by auditors (Chironna & Zwikker, 2011;Janvrin et al, 2008). The American Institute of Certified Public Accountants has ranked XBRL as one of top ten technologies for accounting and auditing professionals (Peng & Chang, 2010).…”

Section: Introductionmentioning

confidence: 99%

XBRL

Liu

2013

Journal of Global Information Management

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Ranked as one of top ten technologies for accounting and auditing professionals, eXtensible Business Reporting Language (XBRL) is a freely available, open, and global standard language for exchanging business financial information digitally. XBRL holds the greatest promise for building a global standard that is pledged to enhance the accuracy, reliability, efficiency, accessibility and availability of electronic communication of business financial data. This paper sets out to provide a review of literature to lend insights into our understanding of XBRL adoption, implementation, and value realization assessment. A comprehensive review uncovers four sub-themes of research in XBRL adoption: perceived benefits of XBRL adoption; organizational readiness; external pressure; and XBRL adoption. Research challenges for future research are highlighted.

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“…Pinsker (2003) defines XBRL as an evolving technology allowing for the tagging of information for corporate reporting. It is also argued that XBRL is among the top ten technologies involved in the accounting profession ( Peng & Chang, 2010). The benefits of using XBRL for financial reporting, such as increased efficiency and accuracy, have been documented in various studies (Hudaib & Cooke, 2015;McLeay & Riccaboni, 2018).…”

Section: Introductionmentioning

confidence: 99%

Exploring User Perception of XBRL Adoption and Its Impact on Accounting Data in the Saudi Context

Bajaher¹

2023

Electron. J. Univ. Aden Hum. Social Sci.

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This study aims to investigate the impact of XBRL adoption on accounting data in the Saudi context by examining the perceptions of accounting data users. The main objective of this research is to determine the extent to which users agree on the effect of XBRL implementation on accounting data. The research findings demonstrate that the use of XBRL improves the quality of accounting data and the efficiency of the accounting cycle. The Kruskal Wallis test does not show significant variations in users' perceptions about the effect of XBRL on accounting information. The respondents confirm that XBRL provides additional accessible accounting information. Moreover, the study reveals that accounting data users in the Saudi context believe that XBRL adoption influences the users of financial reports. While users had differing opinions on the cost-effectiveness of accounting analysis, they agreed that XBRL enables continuous auditing and enhances internal controls. Additionally, the Kruskal Wallis test does not reveal any significant variations in users' perceptions regarding the impact of XBRL on audit. Overall, the research indicates that the adoption of XBRL has a positive influence on accounting data and its utilization in the Saudi context.

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Applying XBRL in an Accounting Information System Design Using the REA Approach: An Instructional Case*

Cited by 16 publications

References 0 publications

XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

XBRL

Exploring User Perception of XBRL Adoption and Its Impact on Accounting Data in the Saudi Context

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