Język Polski
English
Published
:
2012-02-28
Standardization of Electronic Financial Reporting
Wojciech Fliegner
Abstract
Nowadays issuers and receivers of financial reporting have to deal with plenty of different formats of financial statements. The preparation of financial statements for the needs of investors, tax offices, statistics offices, exchange securities and for internal users is a burden for companies and makes comparisons and analyses of these statements for their users time consuming. It causes difficulties that bring higher costs as well as longer and less efficient decisions. A way of resolving this issue may be an introduction of one common format of preparation and presentation of financial statements in a global perspective - XBRL. This article presents the concept of XBRL, its benefits for companies and the state of works and activities of different international and national organizations involved in XBRL promotion and development.Keywords:
Financial reporting, Taxonomy, Computerization of the accounting, eXtensible Business Reporting Language (XBRL)Most read articles by the same author(s)
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Fliegner, W. (2012). Standardization of Electronic Financial Reporting. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 40(40). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1320