Consequences of XBRL Standardization on Financial Statement Data

2012 ◽  
Vol 26 (1) ◽  
pp. 155-167 ◽  
Author(s):  
Miklos A. Vasarhelyi ◽  
David Y. Chan ◽  
J. P. Krahel
Keyword(s):  
Technology Acceptance ◽  
Financial Reporting ◽  
Current Data ◽  
Third Party ◽  
Financial Statement ◽  
Business Reporting ◽  
Data Fidelity ◽  
Acceptance Model ◽  
New Research ◽  
Five Axes

ABSTRACT XBRL (eXtensible Business Reporting Language) has become an important element of the financial reporting landscape. This paper provides a discussion of the effects of XBRL on the usefulness of financial data. Using the theoretical framework of the technology acceptance model (TAM), we examine XBRL's potential to improve the usefulness of reported financial information. As XBRL gains wider acceptance, we examine five axes along which XBRL standardization will propagate: current data, disclosure format, historical data, data fidelity and assurance, and third-party data. We also call attention to new research opportunities that may arise as XBRL and related technologies mature.

Sealing One's Online Wall Off From Outsiders

2016 ◽  
Vol 12 (1) ◽  
pp. 21-34 ◽  
Author(s):  
Ardion Beldad
Keyword(s):  
Technology Acceptance ◽  
Technology Acceptance Model ◽  
Personal Information ◽  
Online Social Network ◽  
Social Network Sites ◽  
Third Party ◽  
Hierarchical Regression ◽  
Future Research ◽  
Privacy Settings ◽  
Acceptance Model

Pieces of personal information (e.g. contact details, photos, thoughts and opinions on issues and things) on online social network sites are susceptible to third-party surveillance. While users are provided with the possibility to prevent unwarranted access using available privacy settings, such settings may not often be adequately used. This research investigated the factors influencing the use of Facebook's privacy settings among young Dutch users based on the premises of Protection Motivation Theory and Technology Acceptance Model. A paper-based survey was implemented with 295 students in a vocational school in the eastern part of the Netherlands. Results of hierarchical regression analysis indicate that privacy valuation, self-efficacy, and respondents' age positively influenced the use of Facebook's privacy settings. Furthermore, the size of Facebook users' network negatively influences the use of those settings. Important results and points for future research are discussed in the paper.

Does Search-Facilitating Technology Improve the Transparency of Financial Reporting?

2004 ◽  
Vol 79 (3) ◽  
pp. 687-703 ◽  
Author(s):  
Frank D. Hodge ◽  
Jane Jollineau Kennedy ◽  
Laureen A. Maines
Keyword(s):  
Search Engine ◽  
Financial Reporting ◽  
Investment Decision ◽  
Investment Decisions ◽  
Simultaneous Presentation ◽  
Stock Option ◽  
Financial Statement ◽  
Business Reporting ◽  
Option Compensation ◽  
Stock Option Compensation

XBRL (eXtensible Business Reporting Language) is an emerging technology that facilitates directed searches and simultaneous presentation of related financial statement and footnote information. We investigate whether using an XBRL-enhanced search engine helps nonprofessional financial statement users acquire and integrate related financial information when making an investment decision. We conduct our investigation in the context of recognition versus disclosure of stock option compensation. Our results reveal that many users do not access the technology, but those who do use it are better able to acquire and integrate information. Specifically, we find that when stock option accounting varies between firms, the use of an XBRL-enhanced search engine increases the likelihood that individuals acquire information about stock option compensation disclosed in the footnotes. We also find that XBRL helps individuals integrate the implications of this information, resulting in different investment decisions between individuals who use and do not use the search engine. Our results suggest that search-facilitating technologies, such as XBRL, aid financial statement users by improving the transparency of firms' financial statement information and managers' choices for reporting that information. Our results also reveal that wide publicity about the benefits of using search-facilitating technology may be needed to induce financial statement users to access the technology.

scholarly journals Twenty years of XBRL: what we know and where we are going

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Francesca Bartolacci ◽  
Andrea Caputo ◽  
Andrea Fradeani ◽  
Michela Soverchia
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Financial Reporting ◽  
Financial Statement ◽  
Financial Disclosure ◽  
Content Type ◽  
Business Reporting ◽  
Decision Making Processes ◽  
Governance Choices ◽  
The Impact

Purpose This paper aims to extend the knowledge of eXtensible Business Reporting Language (XBRL) to synthesize what 20 years of accounting and business literature on XBRL suggests about the effective improvement from its implementation in financial reporting. Design/methodology/approach A systematic literature review and bibliometric analysis of 142 articles resulted in the identification of 5 primary research streams: adoption issues; financial reporting; decision-making processes, market efficiency and corporate governance; audit and assurance issues; and non-financial reporting. Findings The results reveal a scarcity of studies devoted to explicating the consequences of XBRL implementation on financial reporting outside the SEC’s XBRL mandate and listed companies’ contexts. Also, some papers’ results question the usefulness of the language on the decision-making process. The overall lack of literature concerning the impact of XBRL on financial statement preparers, especially with reference to SMEs, is evident. Moreover, the consequences on corporate governance choices and the relevant internal decision-making processes are rarely debated. Research limitations/implications The findings are useful for users of companies’ financial disclosure policies, particularly for regulators who manage XBRL implementation in countries where XBRL has not yet been adopted as well as for others working in specific areas of financial disclosure, such as non-financial reporting and public sector financial reporting. Originality/value This study differs from previous literature on XBRL as it focuses on a wider period of analysis and offers a unique methodology – combination of bibliometric and systematic review – as well as a business perspective for deepening XBRL.

Penerimaan Mahasiswa Akuntansi atas Aplikasi Myob Accounting dengan Pendekatan Technology Acceptance Model

Owner ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 22-30
Author(s):  
Andreuw K. Pantow ◽  
Barno Sungkowo ◽  
Esrie A. N. Limpeleh ◽  
Antonius A. Tand
Keyword(s):  
Technology Acceptance ◽  
Technology Acceptance Model ◽  
Financial Reporting ◽  
Ease Of Use ◽  
Partial Least Square ◽  
Least Square ◽  
Accounting Students ◽  
Intention To Use ◽  
Perceived Ease Of Use ◽  
Acceptance Model

This study aims to analyze the effect of perceptions of use, perceived ease of use and attitudes on the behavior interest of accounting students in using the Mind Your Own Business Accounting application with the Technology Acceptance Model approach. Data collection was carried out through a survey with a questionnaire to accounting students at Politeknik Negeri Manado. Analysis of research data using Partial Least Square. The results showed that when students felt the benefits and convenience of using accounting applications for the financial reporting process, it made them have the attitude to accept the use of these applications. Furthermore, the perceived benefits of using the application and the positive attitude of students towards the use of accounting applications affect their intention to use the application. Conversely, the findings of this study do not prove the effect of ease of use of applications on the intention to use accounting applications as a means of making financial reports.

Sealing One's Online Wall Off From Outsiders

2019 ◽  
pp. 1367-1382
Author(s):  
Ardion Beldad
Keyword(s):  
Technology Acceptance ◽  
Personal Information ◽  
Online Social Network ◽  
Social Network Sites ◽  
Third Party ◽  
Hierarchical Regression ◽  
Future Research ◽  
Factors Influencing ◽  
Privacy Settings ◽  
Acceptance Model

Pieces of personal information (e.g. contact details, photos, thoughts and opinions on issues and things) on online social network sites are susceptible to third-party surveillance. While users are provided with the possibility to prevent unwarranted access using available privacy settings, such settings may not often be adequately used. This research investigated the factors influencing the use of Facebook's privacy settings among young Dutch users based on the premises of Protection Motivation Theory and Technology Acceptance Model. A paper-based survey was implemented with 295 students in a vocational school in the eastern part of the Netherlands. Results of hierarchical regression analysis indicate that privacy valuation, self-efficacy, and respondents' age positively influenced the use of Facebook's privacy settings. Furthermore, the size of Facebook users' network negatively influences the use of those settings. Important results and points for future research are discussed in the paper.

Sealing One's Online Wall Off From Outsiders

2019 ◽  
pp. 854-869
Author(s):  
Ardion Beldad
Keyword(s):  
Technology Acceptance ◽  
Personal Information ◽  
Online Social Network ◽  
Social Network Sites ◽  
Third Party ◽  
Hierarchical Regression ◽  
Future Research ◽  
Factors Influencing ◽  
Privacy Settings ◽  
Acceptance Model

Pieces of personal information (e.g. contact details, photos, thoughts and opinions on issues and things) on online social network sites are susceptible to third-party surveillance. While users are provided with the possibility to prevent unwarranted access using available privacy settings, such settings may not often be adequately used. This research investigated the factors influencing the use of Facebook's privacy settings among young Dutch users based on the premises of Protection Motivation Theory and Technology Acceptance Model. A paper-based survey was implemented with 295 students in a vocational school in the eastern part of the Netherlands. Results of hierarchical regression analysis indicate that privacy valuation, self-efficacy, and respondents' age positively influenced the use of Facebook's privacy settings. Furthermore, the size of Facebook users' network negatively influences the use of those settings. Important results and points for future research are discussed in the paper.

scholarly journals The Process Of Creating XBRL Instance Documents: A Research Framework

2010 ◽  
Vol 14 (2) ◽  
Author(s):  
Diane Janvrin ◽  
Maureen Francis Mascha
Keyword(s):  
Financial Reporting ◽  
Financial Information ◽  
Financial Statement ◽  
Future Research ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Web Technologies ◽  
Business Reporting ◽  
The Past ◽  
Use Of The Internet

The past decade has witnessed a technological revolution fueled by the widespread use of the Internet, web technologies, and their applications.  Within financial reporting, proponents of extensible Business Reporting Language (XBRL) argue that XBRL will revolutionize financial reporting since it allows corporate financial information to be aggregated, transmitted, and analyzed quicker and more accurately (Hoffman and Strand 2001; Hannon 2002; Bovee et al. 2005; Willis 2005; Cox 2006). The SEC recently mandated that publicly traded companies furnish financial information in XBRL format (Rummel 2008; SEC 2009a). Thus, the purpose of this project is to provide researchers with a framework for examining the process financial statement preparers use to create XBRL instance documents. Further, the paper (1) demonstrates how the framework may be used, (2) raises unanswered questions, and (3) suggests avenues for future research.    

scholarly journals XBRL Acceptance in India: A Behavioral Study

2015 ◽  
Vol 2 (2) ◽  
pp. 71-78
Author(s):  
Vineet Chouhan ◽  
Shubham Goswami
Keyword(s):  
Technology Acceptance ◽  
Technology Acceptance Model ◽  
Financial Reporting ◽  
Contextual Information ◽  
New Paradigm ◽  
Comprehensive Description ◽  
Reporting Accuracy ◽  
Advanced Analysis ◽  
Acceptance Model ◽  
Reporting Method

XBRL is fast becoming the new paradigm for reporting of financial information digitally. XBRL brings structure to business information with comprehensive description and contextual information for advanced analysis. It enhances the efficiency of financial reporting, accuracy, timeliness and reliability of financial data. Many Indian companies still resist using it. The present research uses technology acceptance model to analyze the perception of financial experts in respect of acceptance of XBRL as reporting method. The result revealed that using XBRL increases productivity but interacting with the XBRL requires lot of mental efforts. These findings can be an empirical and theoretical foundation to accelerate the adoption of XBRL in India.  

scholarly journals User Willingness toward Knowledge Sharing in Social Networks

2018 ◽  
Vol 10 (12) ◽  
pp. 4680 ◽  
Author(s):  
Jie Zhao ◽  
Chanjuan Zhu ◽  
Zhixiang Peng ◽  
Xin Xu ◽  
Yan Liu
Keyword(s):  
Social Networks ◽  
Knowledge Sharing ◽  
Technology Acceptance ◽  
Perceived Value ◽  
Reliability And Validity ◽  
Information Value ◽  
Acceptance Model ◽  
Major Factors ◽  
New Research ◽  
Entertainment Value

Social networks introduce new potential for people to share knowledge with others. However, it is not clear what factors influence user willingness toward knowledge sharing in social networks. Aiming to answer these questions, in this paper we analyze the major factors influencing user willingness toward knowledge sharing in social networks and propose a new research model that is inspired by the technology acceptance model (TAM). In particular, we introduce a new independent variable called perceived value which is described by four aspects: social value, entertainment value, emotion value, and information value. In addition, we introduce a new mediating variable, trust, to reflect the intermediating relationship between perceived value and knowledge-sharing willingness. We conduct an empirical analysis on questionnaire data and present comprehensive results on reliability and validity, factor analysis, correlation analysis, and mediating effects analysis. The results show that perceived value has a significant impact on knowledge-sharing willingness, and trust plays a partial intermediate role between perceived value and knowledge-sharing willingness. Further, we present some research implications for knowledge sharing and learning innovation in social networks, as well as some suggestions for organizations to advance knowledge sharing and learning innovation in the social-network age.

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