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Applying XBRL in an Accounting Information System Design Using the REA Approach: An Instructional Case

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  • JACOB PENG
  • C. JANIE CHANG

Abstract

The Church in Somewhere (CIS) is a small community church which uses an Excel spreadsheet to keep its financial records. The church administrator is considering moving from a spreadsheet accounting system to a relational database system that can easily be expanded to include more information in the future. In this paper we examine the transforming process in this hypothetical case by following a resource‐event‐agent (REA) modeling paradigm to create a database. We then link the REA model to financial reporting using Microsoft Access. In addition, using the financial report in the database, students prepare and validate an eXtensible Business Reporting Language (XBRL) document for CIS. Instead of applying the complex U.S. Generally Accepted Accounting Principles (GAAP) Taxonomies, Release 2009, the case uses a dedicated CIS Taxonomy to complete the mapping and tagging processes. L’application du XBRL dans la conception d’un système d’information comptable selon le modèle ressource‐événement‐agent: cas didactique Résumé Church in Somewhere (CIS) est une petite église communautaire qui utilise un tableur Excel pour tenir ses registres financiers. L’administrateur de l’église songe à passer du système comptable du tableur à un système de base de données relationnelles susceptible d’être facilement élargi de manière à recevoir ultérieurement davantage d’informations. Dans ce cas hypothétique, les auteurs examinent le processus de « conversion », en suivant le paradigme du modèle ressource‐événement‐agent (REA), menant à la création d’une base de données. Ils relient ensuite le modèle REA à l’information financière par le truchement de Microsoft Access. En se servant du rapport financier de la base de données, ils fournissent en outre aux étudiants l’occasion de préparer et de valider un document XBRL pour CIS. Plutôt que d’appliquer les taxonomies complexes des PCGR des États‐Unis, édition 2009, les auteurs utilisent dans leur cas une taxonomie propre à CIS pour réaliser les processus de cartographie et de codage.

Suggested Citation

  • Jacob Peng & C. Janie Chang, 2010. "Applying XBRL in an Accounting Information System Design Using the REA Approach: An Instructional Case," Accounting Perspectives, John Wiley & Sons, vol. 9(1), pages 55-78, March.
    • Handle: RePEc:wly:accper:v:9:y:2010:i:1:p:55-78
    DOI: 10.1111/j.1911-3838.2010.00004.x
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    Cited by:

    1. Diego Valentinetti & Michele A. Rea, 2013. "XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS," Accounting Perspectives, John Wiley & Sons, vol. 12(3), pages 237-259, September.
    2. Vysochan Oleh S. & Hyk Vasyl & Mykytyuk Nataliya & Vysochan Olha O., 2023. "Taxonomy of Financial Reporting in the Context of Digitalization of the Economy: Domestic and International Analysis Scientific Research," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 33(2), pages 49-70, June.
    3. Valentinetti, Diego & Rea, Michele A., 2012. "IFRS Taxonomy and financial reporting practices: The case of Italian listed companies," International Journal of Accounting Information Systems, Elsevier, vol. 13(2), pages 163-180.

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