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XBRL – Revolution in the Digital Financial Reporting of the Romanian Organizations

Author

Listed:
  • Mihaela Enachi

Abstract

The simplification of the transfer of the information from financial statements to the users from different countries, its understanding and correct interpretation before taking decisions require the global unification of the accounting language to optimal fructify the benefits of an efficient and effective communication. Thus, a current concern of the specialists is to develop a universal language for financial reporting, the best achievement to date being represented by the XBRL (eXtensible Business Reporting Language).

Suggested Citation

  • Mihaela Enachi, 2010. "XBRL – Revolution in the Digital Financial Reporting of the Romanian Organizations," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.
    • Handle: RePEc:bac:fsecub:10-15-08
    as

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    File URL: http://sceco.ub.ro/DATABASE/repec/pdf/2010/20101508.pdf
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    References listed on IDEAS

    as
    1. Victor Munteanu, 2006. "Present-day financial statement and the foundation of economic decisions," Romanian Economic Business Review, Romanian-American University, vol. 1(2), pages 7-13, June.
    2. 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.
    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. Efrim Boritz, J. & No, Won G., 2005. "Security in XML-based financial reporting services on the Internet," Journal of Accounting and Public Policy, Elsevier, vol. 24(1), pages 11-35.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial reporting; information user; XML; XBRL; jurisdiction; specification; taxonomy; XARL.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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