Abstract: XHTML and XBRL are the standard languages for creating a database for the purpose of displaying financial statements on web applications. Today, XBRL is one of the most popular languages for business reporting. A large number of countries in the world recognize the role of XBRL language for financial reporting and the benefits that the reporting format provides in the collection, analysis, preparation, publication and the exchange of data (information) which is the positive side of this language. Here we present all advantages and opportunities that a company may have by using the XBRL format for business reporting. Also, this paper presents XBRL and other languages that are used for creating the database, such XML, XHTML, etc. The role of the AJAX complex model and technology will be explained in detail, and during the exchange of financial data between the web client and web server. Here will be mentioned basic layers of the network for data exchange via the web.
Abstract: Several recent studies have shown that the
transparency of financial reporting have a significant influence on investor-s decisions. Thus, regulation authorities and professional
organizations (IFAC) have emphasized the role of XBRL (eXtensible Business Reporting Language) and interactive data as a means of
promoting transparency and monitoring corporate reporting. In this
context, this paper has as objective the analysis of interactive reporting through XBRL and its use as a support in the process of
taking decisions in corporate governance, namely the potential of interactive reports in XBRL to increase the transparency and
monitoring process of corporate governance.
Abstract: Using a scoring system, this paper provides a
comparative assessment of the quality of data between XBRL
formatted financial reports and non-XBRL financial reports. It shows a
major improvement in the quality of data of XBRL formatted financial
reports. Although XBRL formatted financial reports do not show
much advantage in the quality at the beginning, XBRL financial
reports lately display a large improvement in the quality of data in
almost all aspects. With the improved XBRL web data managing,
presentation and analysis applications, XBRL formatted financial
reports have a much better accessibility, are more accurate and better
in timeliness.