China Should Study The Financial Reporting Xbrl-based Network

XBRL (extensible Business Reporting Language) is one of the computer languages which specially use in the financial information disclosed. Its application may improve the present situation of Internet-based financial Reporting, Apply XBRL in the financial statement's supply chain may enhance the efficiency of analysising, composing, preserving financial statement as well as exchanging information with the commercial partner, the investor and the creditor may also obtain the information more conveniently and quickly. With the further understanding of the XBRL and the related technology being mature, XBRL could be accepted by more companies and the application scope will expand gradually.At present, through the XBRL international organization and many countries' effort, the XBRL application will be promoted to a new altitude. The research in home is also on the rise, we have already had the ability of researching and practicing XBRL, the application environment in our country is mature, but there are also some problems, such as: the present theory frame of accounting can't be the base of XBRL standard, the formulation of XBRL taxonomy, the implement of the XBRL financial reporting system is always failure. If these problems can not be solved, they will affect the application and effect of XBRL in our country.So, the author thought it is necessary to base on the present situation of XBRL application in our country, analyzes the problems we may meet, find out the solution, in order to make XBRL develop better, displays its great strengths in Internet-based financial Reporting.This article has been divided into four parts. At first, the article has introduced Internet-based Financial Reporting and a new way of innovating Internet-based Financial Reporting mode, then proposes XBRL-based Financial Reporting under the environment of Internet is the tendency of further development. Secondly, the article describes XBRL relevant concept and XBRL basic frame, and emphasizes the technological advantage of XBRL. Thirdly, the article studies their application states in the world and probes the problems which our country may meet in the future application. Finally, propose the corresponding countermeasures to the problems. These will provide some reference idea for the researcher and policy-making agency.