Application Research On XBRL Internet Financial Reporting

The reason choosing XBRL as a Master’s Project is because its distinct features, closely connected with computing technology and broad space for development in Finance. XBRL internet financial reporting is such a great creation in the times of information technology and it has such huge advantages that can become the dominant in the future. As a major growth engine of global economic, China started late on the research of XBRL, but coinciding with the occasion of fast-paced global economy, China has made significant progress as soon as takes off.Taxonomy is the core of XBRL, and its reliability and applicability will have a great influence on XBRL financial reporting, so, it is important to make a continuing and in-depth study on XBRL taxonomy. Petroleum industry extended taxonomy is the first industry extended taxonomy based on generalized taxonomy in China. Therefore, this dissertation mainly researches the application of XBRL in petroleum industry.This dissertation has seven parts:The first part, introduction. This part raises the subject by providing the situation of information technology, then introduces the research significance, the whole framework and methods.The second part, related literature review. This dissertation traces the origin of XBRL and summarizes the research review at home and abroad, establishing the academic base for the following research.The third part, overview of XBRL. This chapter firstly introduces traditional financial reporting; then, describes the concept and technical framework of XBRL; lastly, deeply analyzes the advantages of XBRL as well as the far-reaching influence on accounting practice. A whole new information age has been open.The forth part, quality assessing on XBRL financial reporting based on generalized taxonomy in petroleum industry. This part firstly introduces generalized taxonomy, then through the comparison between XBRL financial reporting and PDF financial reporting, this paper finds there are five problems in2010and2011XBRL financial reporting of CNPC and CPCC, and farther analyses these problems and the reasons.The fifth part, the applications of petroleum industry extended taxonomy. This chapter firstly introduces the concept of petroleum industry extended taxonomy, then through the comparison between generalized taxonomy and petroleum industry extended taxonomy, this paper finds The relations and differences of both. Meanwhile, this part introduces the XBRL financial reporting process with an example of CNPC.The sixth part, the widespread application and promotion strategies of XBRL. This part introduces the applications of XBRL in other areas, and proposes the promotion tactics for the status quo.The last part, conclusion. Summarize the research conclusion and point out the limitations.