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The Optimization Of The Internal And External Reporting In Financial Accounting: Adopting Xbrl International Standard


  • Vasile Florescu

    (Academy of Economic Studies Bucharest)

  • Catalin Georgel Tudor

    (Academy of Economic Studies Bucharest)


More and more enterprises, especially the listed companies, have adopted newaccounting norms and regulations (IFRS or US GAAP, Bale II and, in perspective, SURFI),manifesting interest for publishing financial reports using a standard format able to considerablyimprove their communication, data collection in the receiving units, control and analysis offinancial information. When switching to the new accounting rules specified in international orregional standards and norms, regulatory and control bodies recommend the XBRL format forfinancial reporting, with recognition of the regional jurisdiction. Our paper makes a review of theliterature, presents the XBRL specific elements and proposes possible solutions for internal andexternal financial reporting of an enterprise. Finally, it concludes on the benefits of adopting XBRLat national level in a potential XBRL Romania project.

Suggested Citation

  • Vasile Florescu & Catalin 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.
  • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:12

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    References listed on IDEAS

    1. Vasile Florescu & Cosmin Petronel Amza & Catalin Georgel Tudor, 2009. "The Normalization Of Financial Data Exchange Over The Internet: Adopting International Standard Xbrl," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 4(1), pages 935-939, May.
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    More about this item


    accounting norms; financial reporting; XBRL; taxonomy; XBRL jurisdiction.;

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management


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