The Research On The Problems Of Application Of XBRL Financial Report In Listed Commercial Banks In China

XBRL is referred to Extensible Business Reporting Language in Chinese, it’s a rising technology in recent years which can fully combine financial language and computer language and give full play to their greatest advantages. Adopting XBRL technology in financial reporting system, will greatly improve the work efficiency which relates to information. At the same time, it also makes it quicker and more efficient for other stakeholders to obtain the decision-making useful information what they need. The application of XBRL in foreign countries is earlier, and there are more related research results, with the gradually development of XBRL’s application, related research also have continuous development and progress. At present, the XBRL technology is most widely used in financial reporting system, all walks of life issued XBRL financial report in accordance with the requirements of the relevant policy. Among them, banking industry, as a leader in application of information technology, has been focused on XBRL technology and attaches great importance to the application of XBRL technology in financial report.The idea of this paper is raise questions, analyze problem, problem-solving, mainly adopts normative research method. By analyzing the application of XBRL financial reports and the existing problems and the causes of the problem of the application of XBRL financial report in the listed commercial banks in China, put forward the relevant thinking and suggestions to solve these problems. Hope to promote the development of XBRL financial report in our banking industry, to give full play to its unique advantages in information processing.Although our management software like accounting software, ERP software and so on, are more mature and the scale of their application is pretty big, these software systems are lack of support for XBRL function, so the bank still need to use XBRL conversion tool to generate XBRL financial report. Conversion process is actually a relationship mapping process, it does not require too much innovation of the existing management software, but it will reduce the efficiency of the use of XBRL, and will prevent the deeper and wider application of XBRL in the banking industry.Information technology is essential for the bank to enhance competitiveness, when integrating information technology with management, it will create an irreplaceable power and completely change the competition situation of the banking industry. There are still problems of information construction in listed commercial banks in China, there is no unified standard of information construction, and also didn’t fully appy the management information in a timely manner. With the emergence of XBRL financial report, some disadvantages of the traditional network financial report, such as no timely and convenient access to information, can be effectively solved, it greatly promote the bank’s financial supervision and the integration between internal and external system, makes the comparative advantages of the application of XBRL financial report in banking industry more obvious.But the application of XBRL financial report in our country starts later than foreign countries, and the application in the banking industry also just carry out, it will inevitably encounter many difficulties. There is relatively high element extension ratio because of the imperfection of XBRL taxonomy standards when the listed commercial banks apply XBRL financial report. In addition, based on the current technical level and the popularization degree of XBRL education, the application of XBRL financial report also lack related tools and talent. The network security measures of listed commercial banks in China doesn’t reach the designated position, which makes the XBRL financial report vulnerable to malicious damage in the process of application. Finally, the XBRL financial report’s audit service has not yet developed, the lack of audit security reduce users for its reliability.Our listed commercial banks can take the following measures when facing the problems of application of XBRL financial report:improve the extension classification standard of listed commercial banks and pay attention to in line with international standards through strengthening the XBRL taxonomy theory research, to achieve the purpose of improving XBRL taxonomy standard system; Actively popularize XBRL education, promote the cooperation of software enterprises with each other, to develop generic XBRL system software and cultivate XBRL talents; Through digital encryption, digital signature technology to improve the safety of XBRL financial reporting system; Gradually carry out the auditing service of XBRL financial report of listed commercial banks. Through the joint efforts of all departments, industries, enterprises and other related people, we have reason to predict the rosy prospects of the future application of XBRL financial report in listed commercial banks, and provide practical experience for other industry novice.