Financial Reporting Xbrl-based Network Research

The development of information technology (specially network technology ) has provided the material base for the network financial reports' production.At the same time, the people also are urgently looking for the appearance of a new financial report model ,which can provide more prompt, comprehensive, and convenient financial information for the economical decision-making.The various countries' enterprise all set their own websites and disclosed the financial information on the websites. But either the information promulgator, or the supervise and the demander has been limited to enjoy the convenience which is brought by electronics and the networking.The current network financial report is the printed edition reprint (announces by PDF or the HTML form), which has not involved to the use of IT to reform financial report method.This paper analyzed the network financial report goal and the quality characteristic as well as the current network financial report.The malpractice presents looked that,take XML(eXtensible Markup Language, may expand mark language) as the technology base, one kind advances to the financial report international global purpose language-XBRL(extensible Business Reporting Language) to be able to solve the current limitation, including the difficulty to filter information well, to reuse the electronic finance data, to safeguard the security and so on .The XBRL can help people meet those above needs.On this basis,the article tried to rationalize existing variety of network financial reporting modes by associations and differences, and analysed the impact of IT on improvement of financial reporting mode's .It also compared various financial reporting modes' pros and cons in a network environment.With a technical level research on financialreporting mode,it rationalized an effective way to changes-XBRL.Through the introduce of network financial reporting technology, analysis of the running system,using the XBRL structure ideas on the network financial reports by a full range of data conversion and design (including event layer, account layer, reports), it integrated the existing enterprise systems to optimize internal resources, and with the help of XWAND BIZ,which designed by Fujitsu,it verified the feasibility of the data converting. Finally, the article explained the further superiority of XBRL in conjunction with the HuaLing Steel.Ltdinstance.