Research On XBRL Accounting Standards For Enterprises Universal Classification

XBRL (eXtensible Business Reporting Language) come with world economicdevelopment and application of network technology. In just ten years, this newbusiness financial reporting technology with its licensing restrictions, cross-platformuse, search fast, supports a variety of formats, such as the advantages caused bytraditional accounting change to promote real-time and accurate financial informationAC. Classification criteria as the most important part of the preparation of the basisfor reporting in XBRL format, is essential for the full financial report generation.Therefore, in the field of China’s accounting and comprehensively promote XBRLtechnology background, it is particularly important to study on the the XBRLaccounting standards classification criteria.In October2010, China’s Ministry of Finance issued "Accounting Standards forBusiness Enterprises Universal Classification Standard for the Preparation and use ofimproved financial reporting. However, a key issue in the generation and application,generic classification criteria can be applied to a voluntary disclosure in corporatereporting practices, the applicability of difference XBRL financial reporting will resultin loss of information. Based on the theoretical basis of the classification standard andits extension method, using a combination of methods of empirical research andnormative research, the XBRL common classification criteria and its extendedmeaning, the applicability of the general classification criteria, factors affecting thegeneral classification criteria research, and thus the proposed expansion of the generalclassification criteria. Provides a policy basis for the expansion of the Ministry ofFinance the XBRL common classification criteria, provides a theoretical basis fortheoretical research.The main conclusions are as follows:(1) existing common classification standards in corporate reporting practiceswith lower coverage, its applicability needs to be enhanced. Paper selected71listed companies a total of45,286financial information elements, and the elements of thegeneral classification criteria mapping, statistics showed that the mean of all samplecompanies industry coverage reached only39.89%, general classification criteria,there is a large room for expansion.(2) Multiple linear regression results show that the total number of elements inthe voluntary disclosure factors affect the classification criteria information, whetherhigh-tech, total assets, return on net assets and the main business revenue growth oftaxonomy extensions had significant effects on.(3) in order to promote China’s XBRL Taxonomy Extension and Applications,you must take the following measures: the development of high-quality genericclassification criteria, and enhance the completeness and accuracy of the UniversalClassification Standard; expanding scale, enhance their level of science andtechnology, enhance the company’s profitability, promote growth and development,promote the report disclosed the main mature development; strengthen the accountingstaff team building to improve the educational level of general taxonomy.