Triplificating and linking XBRL financial data

Garcı́a, Roberto; Gil, Rosa

doi:10.1145/1839707.1839711

Cited by 8 publications

(10 citation statements)

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Charles Hoffman also considers the semantic web to have many logical possibilities for the development of information technology so that it can produce more value, see [13]. The results are considered better in providing semantic data for XBRL, compared to previous research conducted by Garcia and Gil which presents a mapping based on structural transformation from XML to RDF (Resource Description Framework) and OWL, see [14]. However, OWL is not a language that can be directly used by business and financial people and not even for IT staff, besides OWL is designed only for special purposes so that the support of tools and expertise is minimal, see [15].…”

Section: Literature Reviewmentioning

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.

View full text Add to dashboard Cite

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.

show abstract

Section: Literature Reviewmentioning

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.

View full text Add to dashboard Cite

show abstract

“…As XML, an XBRL document forms a tree structure ready to be consumed as a full report [3]. The move to data consumption requires the use of dereferenceable URIs to denote facts in a unique way, keeping its context.…”

Section: From Xbrl Data To Linked Datamentioning

confidence: 99%

Adopting Semantic Technologies for Effective Corporate Transparency

2017

View full text Add to dashboard Cite

A new transparency model with more and better corporate data is necessary to promote sustainable economic growth. In particular, there is a need to link factors regarding non-financial performance of corporations-such as social and environmental impacts, both positive and negative-into decision-making processes of investors and other stakeholders. To do this, we need to develop better ways to access and analyse corporate social, environmental and financial performance information, and to link together insights from these different sources. Such sources are already on the web in non-structured and structured data formats, a big part of them in XBRL (Extensible Business Reporting Language). This study is about promoting solutions to drive effective transparency for a sustainable economy, given the current adoption of XBRL, and the new opportunities that Linked Data can offer. We present (1) a methodology to formalise XBRL as RDF using Linked data principles and (2) demonstrate its usefulness through a use case connecting and making the data accessible.

show abstract

“…Firstly, full-scale conversion from XML-based XBRL instance and taxonomy documents to genuine Linked Data format (i.e., a graph data model coded in the Resource Description Framework, RDF) is not straightforward. Naive conversion can lead to badly distorted RDF graphs, missing relations, and knowledge loss [4]. Secondly, without properly populated RDF models, the advantage of semantic inferences cannot be fully appreciated.…”

Section: Related Workmentioning

confidence: 99%

Exploiting Linked Data in Financial Engineering

Lee

Goto

et al. 2014

Service Science and Knowledge Innovation

View full text Add to dashboard Cite

Part 3: Finance and Service ScienceInternational audienceIn this paper, we report on a recent initiative that exploiting Linked Data for financial data integration. Financial data present high heterogeneity. Linked Data helps to reveal the true data semantics and “hidden” connection, upon which meaningful mappings can be constructed. The work reported in this paper has been well-accepted at several public events and conferences, including the 26th XBRL conference, involving the realisation of the XBRL (eXtensible Business Reporting Language) prototype called HIKAKU, which means “comparison” in Japanese. It demonstrates our approach to exploit the power of Linked Data in enhancing flexibility for data integration in the financial domain

show abstract

Triplificating and linking XBRL financial data

Abstract: One of the main ways of populating the Web of Data is by triplifying existing data sources.

Cited by 8 publications

References 12 publications

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

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

Adopting Semantic Technologies for Effective Corporate Transparency

Exploiting Linked Data in Financial Engineering

Contact Info

Product

Resources

About