A Study On Network-based Financial Reporting

With the rapid development of Internet and information technology, great changes have taken place in every aspect of social economy. It brought out unprecedented impact on model of financial reporting. To nowadays company, it has became more and more important of satisfy the financial information user's new needs and communicate with them. Starting with the survey on the status quo of financial reporting, this dissertation analyses the necessity and feasibility of the revolution against Internet financial reporting. We also discuss the framework and operation of XBRL-based financial reporting model and summarized problems lied in practice of XBRL.The conclusions were summarized as followsSince great changes have taken place in information technology, current Network-based financial reporting model cannot meet the needs of users. The revolution against current financial reporting model is necessary and feasible.Considering its necessity and feasibility, revolution should be performed gradually.For satisfy user's needs better, future model of Network-based financial reporting must disclose more financial information and have more styles than ever.The reporting system will become a real-time system. It provide more communication between the financial information's providers and users. XBRL-based financial reporting system will be developed greatly.Discussing framework and advantage of XBRL-based financial reporting model.Discussing problems lied in practice of XBRL in China.