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Introducing XBRL through a financial statement analysis project

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  • Gomaa, Mohamed I.
  • Markelevich, Ariel
  • Shaw, Lewis

Abstract

In this project, we introduce business and accounting students to the application of eXtensible Business Reporting Language (XBRL) through the use of interactive data. Students study the basic concepts and potential benefits of interactive data and XBRL. Students learn to extract the financial reports of two companies in the same industry. Then, using traditional financial analysis techniques (ratio analysis) students can compare the performance of these companies. Thus, the project accomplishes two important objectives: it introduces students to the benefits and features of XBRL-tagged financial reporting and interactive data, and it shows how this medium can be used to facilitate the analysis of financial statements. The project uses free, publicly available interactive data tools to accomplish these objectives.

Suggested Citation

  • Gomaa, Mohamed I. & Markelevich, Ariel & Shaw, Lewis, 2011. "Introducing XBRL through a financial statement analysis project," Journal of Accounting Education, Elsevier, vol. 29(2), pages 153-173.
    • Handle: RePEc:eee:joaced:v:29:y:2011:i:2:p:153-173
    DOI: 10.1016/j.jaccedu.2011.12.001
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    References listed on IDEAS

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    1. Debreceny, Roger & Farewell, Stephanie & Piechocki, Maciej & Felden, Carsten & Gräning, André, 2010. "Does it add up? Early evidence on the data quality of XBRL filings to the SEC," Journal of Accounting and Public Policy, Elsevier, vol. 29(3), pages 296-306, June.
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    Cited by:

    1. Sledgianowski, Deb & Gomaa, Mohamed & Tan, Christine, 2017. "Toward integration of Big Data, technology and information systems competencies into the accounting curriculum," Journal of Accounting Education, Elsevier, vol. 38(C), pages 81-93.
    2. Apostolou, Barbara & Dorminey, Jack W. & Hassell, John M. & Rebele, James E., 2014. "A summary and analysis of education research in accounting information systems (AIS)," Journal of Accounting Education, Elsevier, vol. 32(2), pages 99-112.
    3. Apostolou, Barbara & Dorminey, Jack W. & Hassell, John M. & Watson, Stephanie F., 2013. "Accounting education literature review (2010–2012)," Journal of Accounting Education, Elsevier, vol. 31(2), pages 107-161.
    4. Thaer Faisal Abdelrahim Qushtom, 2021. "The Expected Effect of Using eXtensible Business Reporting Language (XBRL) on the Extent of Using Ordinary Financial Statements by External Users in Jordan," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 10, September.

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