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Basics of XBRL Instance for Financial Reporting

Author

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  • Mihaela Enachi

    (Faculty of Economic Sciences, “Vasile Alecsandri†University, Bacău, Romania PhD Student at Faculty of Economics and Business Administration, “Al. I. Cuza†University, Iaşi, Romania)

  • AristiÅ£a Rotilă

    (Faculty of Economic Sciences, “Vasile Alecsandri†University, Bacău, Romania)

Abstract

The development of XBRL (eXtensible Business Reporting Language) for financial reporting has significantly changed the way which financial statements are presented to different users and implicitly the quantity and quality of information provided through such a modern format. Following a standard structure, but adaptable to the regulations from different countries or regions of the world, we can communicate and process financial accounting information more efficient and effective. This paper tries to clarify the manner of preparation and presentation of the financial statements if using XBRL as reporting tool.

Suggested Citation

  • Mihaela Enachi & AristiÅ£a Rotilă, 2011. "Basics of XBRL Instance for Financial Reporting," BRAND. Broad Research in Accounting, Negotiation, and Distribution, EduSoft Publishing, vol. 2(2), pages 22-31, October.
    • Handle: RePEc:bra:journl:v:2:y:2011:i:2:p:22-31
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    References listed on IDEAS

    as
    1. Bonsón, E. & Cortijo, V. & Escobar, T., 2009. "Towards the global adoption of XBRL using International Financial Reporting Standards (IFRS)," International Journal of Accounting Information Systems, Elsevier, vol. 10(1), pages 46-60.
    2. Roger Debreceny & Carsten Felden & Bartosz Ochocki & Maciej Piechocki & Michal Piechocki, 2009. "XBRL for Interactive Data," Springer Books, Springer, edition 1, number 978-3-642-01437-6, February.
    3. Premuroso, Ronald F. & Bhattacharya, Somnath, 2008. "Do early and voluntary filers of financial information in XBRL format signal superior corporate governance and operating performance?," International Journal of Accounting Information Systems, Elsevier, vol. 9(1), pages 1-20.
    4. Vasile Florescu & Cătălin Georgel Tudor, 2009. "The Optimization Of The Internal And External Reporting In Financial Accounting: Adopting Xbrl International Standard," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-12.
    5. Pierre Teller, 2008. "The Use of a Formal Representation of Accounting Standards," Post-Print hal-02067556, HAL.
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