The Discussion And Analysis On The XBRL (eXtensible Business Reporting Language) Based Internet Financial Report Model

The accounting environment has been greatly changed by the economic globalization and the information technical revolution in the 21st century. With the development of the information technology, the internet financial report is chosen as the substitution for the traditional financial report which is not able to confirm with the requirement of the economic development. Therefore, it is quite significant to study the basic theory, technical support, evolution and feather of the internet financial report.The accounting theory and technical support are two fundamentals of any model of internet financial report. The different combination between accounting theories and technologies generates different internet financial report model. Under the analysis on the theory and technology, the relationship and evolution of internet financial report models are described, and an internet financial report model with XBRL (extensible Business Reporting Language) technology and the traditional accounting theory is emphasized in this paper.As the most promising internet financial report model in the world, it grows fast and is gradually accepted by many developed countries, which has been accepted as the standard document format for more than 12,000 fund institutes, insurance agents and banks by the Australian Prudential Regulation Authority (APRA). U.S. Securities and Exchange Commission (SEC) encourages all listed companies to submit XBRL based financial reports for EDGAR database filing. Many XBRL solutions have been developed abroad. In China XBRL based internet financial report model is gradually paid more attention and made some progress, which has great implication to the research and development of internet financial report in China. Focused on the XBRL based internet financial report model with traditional accounting theory, its background, implementation fields, advantages, impact on all participants in the financial information supply-chain, key technology and current situation in home and abroad are fullyanalyzed, based on which the suggestions about the implementation in China are presented. Since few XBRL solutions can be found in China, a demonstration system in JAVA platform is developed in this paper to illustrate some of its advantages and speed up the development of the XBRL based internet financial report model in china.The main standpoints of the paper are listed as follows:...