Research On The Application Of XBRL Network Financial Report In CQ Company

The financial report is the first information of the enterprise management and the external investor to the enterprise management condition.Financial report not only to face the public,ensure the external information users through corporate disclosure of information about the enterprise's financial position and operating results,and the enterprise internal management control of enterprise development,according to the enterprise present situation of enterprise management decision-making basis.Only the disclosure of high quality financial report can make the internal management to make the decision that is conducive to the development of enterprises.Nowadays,the development of the information technology of the network more quickly,resulting in the model of the traditional financial report by the huge impact,and initial financial report based on the network due to the lack of uniform technical standards and technical support the technology still exists some defects and actual application effect and people's expectations and the gap.Until Business Reporting Language Extensible(Extensible Business Reporting Language,XBRL)was born,for the company to disclose a higher quality of financial reporting provides a strong technical support.At present,the developed countries in the world are actively applied,XBRL has entered the stage of large-scale promotion and universal application.Under such background,Chinese enterprises want to maintain convergence with the international financial reporting model,and must be proficient in the application of XBRL.For the construction of the international competitiveness of the International Department of general merchandise company,CQ company's financial sector is currently experiencing the development of information technology to a higher level of development requirements and challenges.CQ company as the implementation of submit XBRL Internet financial reporting,although XBRL Internet financial reporting has been implemented in more than 10 years,but CQ XBRL application effect mainly concentrated in the Shanghai Stock Exchange Regulatory and other aspects of the use is very limited.This article first through the XBRL technology to domestic and foreign research present situation has carried on the elaboration and the analysis,followed by the introduction of the XBRL technology and its advantages and disadvantages are analyzed,then the paper chooses CQ Corporation as a sample,the method of a combination of inductive method and theory and practice from CQ company's XBRL network financial providedthe contents of the report and the implementation of specific analysis and finds out the problems.CQ company is currently using plug-in mode,to achieve the annual report of XBRL documents submitted to the work,to meet the regulatory requirements of the information management,but the application of the XBRL network financial report is limited to this.Through the comparison with CQ company's PDF format financial report found that its XBRL network financial report information disclosure errors,information is not disclosed,and other issues.Through investigation,it is found that the CQ company's XBRL implementation problem is in the technical aspects of the operation enterprise system can not be a good docking with the XBRL technology,application of XBRL technical difficulty,and XBRL software quality is still far from satisfactory.In the enterprise personnel to promote the application of resistance,the Shanghai stock exchange forced to submit its XBRL network financial report also has hidden dangers.After the summary of these problems,find out the reasons for these problems,and then put forward specific suggestions.From the basic construction to the XBRL financial reporting process are proposed,hoping to make financial personnel and decision-making level to realize the value of XBRL network financial report comprehensive,timeliness and so on.