IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v1y2022i2p103-108.html
   My bibliography  Save this article

Financial Reporting In A European Single Electronic Format

Author

Listed:
  • Cati-Loredana DUMITRU (SOARE)

    (Valahia University of Târgoviște, Doctoral School, Târgoviște, Romania)

Abstract

Companies with securities traded on a regulated market prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and must take into account the European Single Electronic Format (ESEF) reporting requirement. was postponed by one year in 2021, coming into force for the reporting period beginning on or after the 1st of January 2021. Therefore, according to the European regulatory framework, sole proprietorships that have securities traded on a regulated market must prepare in full the annual financial statements in the Extensible Hypertext Markup Language (xHTML) format. This article aims to show what ESEF reporting is and the eXtensible Business Reporting Language (XBRL), which are the benefits of digital business reporting and the opportunities that arise from using XBRL.

Suggested Citation

  • Cati-Loredana DUMITRU (SOARE), 2022. "Financial Reporting In A European Single Electronic Format," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(2), pages 103-108, December.
    • Handle: RePEc:ora:journl:v:1:y:2022:i:2:p:103-108
    as

    Download full text from publisher

    File URL: http://anale.steconomiceuoradea.ro/volume/2022/n2/010.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    digitization; XBRL; IFRS; financial reporting; Single European Format; digital accounting;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:1:y:2022:i:2:p:103-108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.