Computer Science – Other Computer Science
Scientific paper
2010-02-21
Journal of Computing, Volume 2, Issue 2, February 2010, https://sites.google.com/site/journalofcomputing/
Computer Science
Other Computer Science
Scientific paper
When the financial information is difficult to produce, interpret, compare and analyze, we are put in the situation to face inconvenient consequences with negative repercussions, such as: the investor can give up the investment (with negative consequences on the risk equity market), the banks may not give loans, an auditor may not consider the financial statements as being credible etc. These facts allow the introduction of this paper's main objective, the eXtensible Business Reporting Language (XBRL) which is an open standard, independent and international for the treatments, opportunity, correctness, efficiency and minor costs of the financial and economical information. The XBRL will be analyzed in the second part of the paper, the history of this electronic communication language will be described, as there will also be described the promoting organizations, the base technology (the WEB and XML architecture which will be the next stage of the internet programming), and the role it has within the chain of reporting between the XBRL consortium and the international accounting organizations IASB-CI. This taxonomy serves clearly every accounting and extra- accounting information made by the company. This information which is treated in present by resorting to various formats or structures (most times incompatible between them and the owners) will be standardized with the XBRL.
Grosu V.
Hlaciuc E.
Iancu Edmond
Petris R.
Socoliuc M.
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