The Research On Financial Reporting Model Based On XBRL And Internet

Financial reports are documents that reflecting the financial position and operating performance of corporation, including balance sheet,income statement, statement of cash flow, statement of changes in equity, schedules and accounting statements and financial situation. The quality of the report determines the usefulness of the information directly. With the development of internet and information technology, the content and expression of report will undergo major changes, accounting information users need different information Because they have different positions. Even the same type of information users according to different decision-making, the information needed is not the same. The goal of current financial reports is to coordinate the conflicts of different interest groups. So the reports were under the common rules and adopt unified format. The information they provide can not meet the diverse needs of different users, which also restrict the accounting's important role in economic development.The emergence of EXtensible Business Reporting Language (XBRL) make overcome the shortcomings of the existing financial reports become possible. XBRL is an XML language, using it can only use one format or the syntax and convert the unstructured information into structured information, which will bring a new financial reporting model. Nowadays, there are many researches on the financial reporting based on XBRL and Web owning to its flexibility and opening. This form of financial reporting can collect financial data automatically. Through XBRL instance document we can easily get reports that contains different subsets, which will make internal and external users of financial information extract the information they need according their rights and special needs. What's more, they also can output information according to their preferred format. The changes that XBRL brought make enterprises to provide personalized financial reporting possible. Furthermore, compared with traditional accounting's complex work of providing and using information, XBRL not only can save resources, improve efficiency, it also can increase the accuracy, reliability and timeliness of financial reporting. Based on this, this article is based on event accounting thoery, and attempts to combine XBRL with Saas technology to construct a new internet financial report mode with values of humanity, interactivity from perspective of stakeholders and accounting's object. The objects of the new financial reporting are to provide instant financial report on demand of information user, to improve financial reporting's relevance and timeliness and to help users make decisions more scientific and effective.