The Researches on the Application of XBRL in Accounting and Problems in China

摘要

The quick development of information technology brings great impact on financial reporting. Traditional financial reporting style could not satisfy the increasing demand for information any more, so XBRL (extensible Business Reporting Language) appeared in order to improve the internet financial reporting. In this paper, the author summarized XBRL's main features of cost savings, great efficiency, and high performance in analyzing and searching; then some defects in the technical platform, taxonomy unification, security and other aspects are analyzed. Finally, some countermeasures are put forward in order to smooth the way of XBRL developing in China since it is significant for the quality of financial reporting and whole capital market in China.