A Study On The Influence Of Internet Financial Reporting Based On XBRL To Financial Analysis

With the development of information technology,it is inevitable that internet financial reporting will take the place of traditional paper-based financial reporting in the 21st century.Although the web-based electronic financial reporting has been widely used,the current internet financial reporting just is the electronic version of its paper-based financial reporting,does not use information technology to realize data interaction of internet financial reporting.Extensible Business Reporting Language(XBRL)was born in this context.Compared with the traditional financial reporting,financial reporting based on XBRL can help users to search information more rapidly and accurately,and has great dynamic analysis functions.This article has exactly started to study financial reporting based on XBRL under the background of the fact.On the basis of domestic and foreign relevant research results,first of all,the article sorts out every stage of the internet financial reporting development and the current application situation of internet financial reporting,analyzes the disadvantages of current internet financial reporting,and proposes that XBRL is an important innovation in the field of internet financial reporting in recent years.After that,the article further introduces the relevant concepts of XBRL,emphasizes the technical advantage of it,and discusses the international and domestic application situation of XBRL.At last,on the basis of first two parts of contents,the article through experimental research examines the effect of XBRL platform of public companies provided by the Shanghai stock exchange website on users'efficiency and effectiveness of financial analysis.The results indicate that the participants who use financial reporting based on XBRL have higher efficiency and effectiveness,compared with the ones use financial reporting based on PDF.Additionally,when financial professional knowledge,network environment and knowledge of network and platform are at the same level,XBRL technical advantages play a positive impact on the efficiency and effectiveness of financial analysis.