Study On Extensible Commercial Reporting Language

Business environment of the financial report is a complex and keep the change process. Economic conditions change, businesses used to change, the development of science and technology for the industry will produce far-reaching consequences. In the rapid development of modern business community, the financial data exchange cans security and accurate record of business transactions, and exchanges have a significant impact. Therefore, the establishment of a number of sector-wide financial reporting standards will be useful data exchange. XBRL language was based on times progress and development of information, it is an able to finance and commerce of the report of the data exchange more clearly and to reform the financial industry and technology standards is in financial and commercial reports data to be timely, accurately, efficiently and economic storage, processing and communication system and open and not limited to particular operations of the international standard.Technological development for the industry is both opportunities and challenges. The popularization of the financial officers from hand to his account of electronic data analysis and shared also by convenience, accountants from a lot of work and check out of. However, it also makes use of accountants can't fit in, they have to attend all training and learning the new system. The professional examination and joined the computer. XBRL language has brought more convenient, based on the internet anytime system for accounting personnel who master the financial situation and bring a mark of data that the government and external auditing personnel to the desired report format for convenience of accounting information and documents, the analysis and application software and business management is a quick adjustment of business strategies to meet the new market circumstances.XBRL for extensible markup language xml development, it can be used with other firm for financial data exchange of real-time seamless. but the company communicate, it can conveniently used to build up rapid access database management and decision-making tools to support the development of internal purposes. XBRL was based on this demand in the 21st century has just arrived. it was the birth of the main industry, the government and suppliers wide support, the key technology, and as xml also provides the most efficient data exchange and it industry, so it may well become a link financial reporting the mainstream of technological solutions.