Integrating XBRL data with textual information in Chinese: A semantic web approach

Chou, Chi–Chun; Chang, C. Janie; Peng, Jacob

doi:10.1016/j.accinf.2016.04.002

Cited by 22 publications

(10 citation statements)

References 37 publications

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“…Further, some of the recent studies on the technical aspects of XBRL include the integration of textual data with quantitative financial statements, as this being a challenge due to the formatting differences. Other aspects are digitally unified reporting methodology combination of sustainable reporting and performance control (Chou et al, 2016;Seele, 2016). The review of the literature reveals the research gap in the Indian context and our study is contributing in filling the gap.…”

Section: Review Of Literaturementioning

confidence: 81%

Effectivness of the Adoption of the XBRL Standard in the Indian Banking Sector

Kumar

Dilip

2019

Journal of Central Banking Theory and Practice

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The XBRL standard was adopted by the Reserve Bank of India (RBI) in the year 2008 as a standard by which the banks that are regulated by the RBI submit regulatory, prudential, supervisory, and other statistical data. This study focuses on estimating the effectiveness of the adoption of the XBRL standard in the Indian banking sector. The effectiveness has been studied on the basis of the responses received on the survey conducted targeting the commercial banks of India. Two important factors, namely, ‘Effectiveness of the XBRL Data Submission’ and ‘Savings of Time and Cost’ have been considered mainly for the study. The study revealed that the overall efficiency of the reporting system in the Indian banking sector has increased to a great extent with the adoption of the XBRL standard. Although the overall effectiveness of XBRL adoption has been found to be satisfactory, there is always room for further enhancement of the system in order to achieve complete effectiveness.

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Section: Review Of Literaturementioning

confidence: 81%

Effectivness of the Adoption of the XBRL Standard in the Indian Banking Sector

Kumar

Dilip

2019

Journal of Central Banking Theory and Practice

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“…This study adopted the design science research (DSR) schema to describe the research design. The DSR framework can contribute to new knowledge when new solutions are proposed for known problems as seen in previous researches [21,22]. The contribution of this study is the method of reading from the related XBRL taxonomy, then displaying it in another form of GUI that is flexible following the nature of XBRL.…”

Section: Methodsmentioning

confidence: 99%

The Financial Services Authority of Indonesia E-Reporting System Development Based on Metadata XBRL Taxonomy

Farizd¹,

Suharjito²

2020

Adv. sci. technol. eng. syst. j.

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The XBRL taxonomy has been proven to be able to restore various forms of redundancies and ambiguities in making financial reports from financial service institutions. However, the nature of XBRL which is oriented towards documents and based on XML makes the XBRL taxonomy difficult to use because the information cannot be directly read by ordinary users. The same obstacle was felt by the Financial Services Authority of Indonesia (Indonesian: Otoritas Jasa Keuangan or OJK) as financial regulator in utilizing the XBRL taxonomy, therefore a web-based application system called E-Reporting was developed to input financial statements conducted from financial service institutions to the regulator. The core of the application system is the XBRL taxonomy reading and mapping function, utilizing the Java library for reading XML and the Spring Java framework as a system backend, the Zkoss framework as the system frontend, and the database for storing data and specifically developed for the needs of the OJK. The purpose of this paper is to show other ways of implementing XBRL taxonomy, one of which is to present XBRL into a dynamic user interface according to the dynamic and flexible nature of XBRL. The results of the system evaluation indicate that the system is quite good at presenting the taxonomy into a user interface that suits the needs and can ease the burden of data validation, as well as providing convenience in forming the instance document, which is needed as the final result of the reporting process carried out by financial service institutions. Therefore, this system has been proven to provide added value in the use of XBRL taxonomy in financial reporting activities.

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“…Moreover, Song and Huang used natural language processing technology to conduct word frequency analysis [11], keyword co-occurrence analysis, and preliminary text semantic analysis on the annotation content in order to explore the applicability of the text analysis method in the disclosure of financial reports. Aiming at the problem that the information obtained by natural language processing methods is too fragmented, Chou et al adopted the design science methodology and proposed the semi-automatic method to solve the integration problem of decentralized information [12], and then used the Simple Knowledge Organization System (SKOS) to realize information integration. However, SKOS is incompatible with eXtensible Business Reporting Language (XBRL), and it requires high accuracy in text analysis, making it impossible to generalize.…”

Section: Literature Reviewmentioning

confidence: 99%

Research on the Knowledge Association Reasoning of Financial Reports Based on a Graph Network

2020

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With increasingly strict supervision, the complexity of enterprises’ annual reports has increased significantly, and the size of the text corpus has grown at an enormous rate. Information fusion for financial reporting has become a research hotspot. The difficulty of this problem is in filtering the massive amount of heterogeneous data and integrating related information distributed in different locations according to decision topics. This paper proposes a Graph NetWork (GNW) model that establishes the overall connection between decentralized information, as well as a graph network generation algorithm to filter large and complex data sets in financial reports and to mine key information to make it suitable for different decision situations. Finally, this paper uses the Planar Maximally Filtered Graph (PMFG) as a benchmark to show the effect of the generation algorithm.

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Integrating XBRL data with textual information in Chinese: A semantic web approach

Cited by 22 publications

References 37 publications

Effectivness of the Adoption of the XBRL Standard in the Indian Banking Sector

Effectivness of the Adoption of the XBRL Standard in the Indian Banking Sector

The Financial Services Authority of Indonesia E-Reporting System Development Based on Metadata XBRL Taxonomy

Research on the Knowledge Association Reasoning of Financial Reports Based on a Graph Network

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