XBRL In The Financial Report

With the development of information technology, Internet financial reporting become more and more a way of accounting information disclosed, which will replace the paper-based financial reporting become an irreversible historical trend. The current networks of financial reports are HTML, PDF and EXCEL and other forms. HTML is a descriptive language, which is difficult to accurately and quickly finds relevant information, because it can neither be defined according to their marks, nor the content of expression data can only be provided on how content is displayed. PDF format is similar to the paper in the form of design, business reports between pages cannot describe the basic information, not indexed by major search engines, the pilot does not have the ability of hypertext. Not only that they cannot support the user directly to the data analysis, when the user needs to display different forms of data need to re-enter data, however, too much human intervention is not only a waste of time, increasing the risk of reduced accuracy of the data, but also increase the cost of the whole society. Moreover, the stock exchange listed companies need to focus on the many disclosure period of time finishing a number of financial reports of listed companies to submit data to the efficiency of information disclosure of listed companies has been reduced throughout the finishing process. These documents are unstructured data formats, although the information user to resolve timely, convenient access to the necessary requirements of accounting information, but there are still not on-demand financial reporting, accounting information is difficult to extract in technology analysis, data sharing and a series of complicated defects.XBRL (eXtensible Business Reporting Language) is the network for the current problems in financial reporting resulting solution. XBRL is the application of XML (eXtensible Markup Language) in the field of business reporting, is a platform independent, open international standards, is accurate, real-time, effective and cost-effective business reporting data in electronic storage, operation, re-use and exchange standards. XBRL financial reporting based on the network to achieve the standardization of financial reporting, data sharing not only possible, but can increase the value of financial information and to the information generation, transfer and application of all aspects of profound change, to improve the quality of traditional financial reporting to improve the traditional financial reporting, access to financial information, exchange, reuse, and more rapid data extraction analysis. Since Charles·Hoffman proposed XBRL concept in 1998, XBRL began worldwide widely. This paper mainly focuses on XBRL for financial reporting started. First, the introduction of the XBRL process at home and abroad to promote the research and briefly outlines the basis of XBRL technology, technical framework and its application status at home and abroad. Secondly, through the existing accounting information disclosure mode of the various problems and shortcomings of financial reporting with XBRL-based disclosure model to compare the advantages and derive solutions - based on XBRL for financial reporting. Then from the perspective of software engineering to illustrate how corporate manipulation of financial reports are based on the implementation of XBRL and applications. Finally, the promotion of XBRL in the future prospect of the application.The innovation of this paper is in Chapter IV promote the use of XBRL's future outlook envisages a national economy based on XBRL format production system; this inadequacy of the third quarter in the fourth chapter in the financial reporting XBRL Although the design of the specific application of XBRL system, an implementation process, but because the system is too large, not really programmed to achieve it, it borrows aspects of the system is running a number of the Shanghai Stock Exchange Web site data and results.