Journal of Accounting and Management Information Systems (JAMIS)

XBRL – A language for the electronic communication of accounting and financial information

Supp/2006 ,   p96..102


Keywords:   business reporting language, extensible language, taxonomies, instance document, Web services.

XBRL (eXtended Business Reporting Language) standard is a part of the family languages based on XML (Extensible Markup Language). This language has been defined to meet the requirements of business information, enabling unique identifying tags to be applied to items of financial or accounting data. It shows how items are related to one another, it representing how they are calculated. XBRL is extensible, so all organizations can adapt it to meet a variety of requirements. All organizations can use XBRL to streamline their processes for reporting business information. Users of financial data, including analysts, investors, financial institutions, can receive, find, compare and analyze data more efficiently and rapidly if it is in XBRL format. The structure of XBRL allows efficient treating of accounting and financial data by computer software. It supports all the standard tasks involved in storing, compiling and using financial data. Such information can be converted into XBRL by suitable mapping processes or generated in XBRL by software.  It can then be searched, exchanged or analyzed by computer, or published for different viewing. This paper try to explain how this language can improve analyze and exchange of business information through the Internet.