Advertisement

Research into XBRL — Old and New Challenges

  • Roger Debreceny

Abstract

The XBRL 1.0 specification, or more accurately XFRML 1.0 specification, was released in 2000. This was only some two years only after the proposals by Charlie Hoffman to the AICPA and the first serious academic discussion of applying XML technologies to business and financial reporting (Debreceny et al. 1998; Hoffman 1999; Lymer et al. 1999). In the intervening period, we have seen a rapidly increasing level of interest in the policy implications of XBRL. A search of XBRL on Google.com returns an extraordinary 1.4m links. Similarly, a search on bibliographic databases such as ABI/Inform discloses more than five hundred papers from the academic and professional literature. In what is a relatively short period of technology adoption, the XBRL world has also seen significant maturing of specifications, architectures, taxonomies and software tools. In an important third dimension of adoption, the XBRL organization itself has matured significantly over this period. XBRL International and its national jurisdictions are comprised of more than four hundred corporations, agencies and not-for-profit organizations. These foundational elements have clearly been vital for the observed adoption of XBRL in important information supply chains. Whilst not at the rate that early proponents might have suggested (e.g. Coffin 2001a, Coffin 2001b; Hannon 2000), the use of XBRL within areas such as credit monitoring of financial institutions and in reporting corporate performance to a variety of securities markets does signal that XBRL has become a core enabling technology in business reporting.

Keywords

Absorptive Capacity Resource Description Framework Technology Acceptance Model International Financial Reporting Standard Business Intelligence 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Baldwin, A. A.; Brown, C. E.; Trinkle, B. S. (2005): XBRL: An Impacts Framework and Research Challenge, Journal of Emerging Technologies in Aaccounting 3, pp. 97–116.CrossRefGoogle Scholar
  2. Benston, G., Bromwich, M., Litan, R. E., Wagenhofer, A. (2003): Following the Money: Corporate Disclosure in an Age of Globalization, Washington, DC: AEI-Brookings Joint Center for Regulatory Studies.Google Scholar
  3. Berners-Lee, T.; Hendler, T.; Lassila, O. (2001): The Semantic Web. Scientific American 284(5), pp. 34–43.CrossRefGoogle Scholar
  4. Berners-Lee, T. (1998): Semantic Web Road map, World Wide Web Consortium, http://www.w3.org/DesignIssues/Semantic.html, last downloaded 2002-07-15.
  5. Bruni, A.; Teli M. (2007): Reassembling the social-An introduction to actor network theory, Management Learning 38(1), pp. 121–125.CrossRefGoogle Scholar
  6. Chang, C.; Jarvenpaa, S. (2005): Pace of Information Systems Standards Development and Implementation: The Case of XBRL, Electronic Markets 15(4), pp. 365–376.CrossRefGoogle Scholar
  7. Coffin, Z. (2001a): The Advent of Real-Time Accounting, Practical Accountant 34(8), pp. 48–48.Google Scholar
  8. Coffin, Z. (2001b): The Top 10 Effects of XBRL, Strategic Finance 82(12), p. 64.Google Scholar
  9. Cohen, W. M.; Levinthal, D. A. (1990): Absorptive capacity: a new perspective on learning and innovation, Administrative Science Quarterly, pp. 128–152.Google Scholar
  10. Debreceny, R.; Gray G.; Barry, T. (1998): Accounting Information in a Networked World-Resource Discovery, Processing and Analysis, paper read at American Accounting Association Annual Meeting, at New Orleans.Google Scholar
  11. Debreceny, R.; Rahman A. (2005): Firm-specific determinants of continuous corporate disclosures, The International Journal of Accounting 40(3), pp. 249–278.CrossRefGoogle Scholar
  12. Debreceny, R. S.; Chandra, A.; Cheh, J. J.; Guithues-Amrhein, D.; Hannon, N. J.; Hutchison, P. D.; Janvrin, D.; Jones, R. A.; Lamberton, B.; Lymer, A.; Mascha, M.; Nehmer, R.; Roohani, S.; Srivastava, R. P.; Trabelsi, S.; Tribunella, T.; Trites, G.; Vasarhelyi, M. A. (2005): Financial Reporting in XBRL on the SEC’s EDGAR System: A Critique and Evaluation, Journal of Information Systems 19(2), pp.191–210.Google Scholar
  13. Doolin, B., Lowe, A. (2002): To reveal is to critique: actor-network theory and critical information systems research, Journal of Information Technology 17(2), pp. 69–78.CrossRefGoogle Scholar
  14. Funderburk, J. E., Malaika, S., Reinwald, B. (2002): XML programming with SQL/XML and XQuery, IBM Systems Journal 41(4), p. 642.Google Scholar
  15. Garbellotto, G. (2007): The Global Ledger for Financial Services, Strategic Finance 88(10), pp. 59–61.Google Scholar
  16. Hannon, N. (2000): The Brave New World of XBRL, Strategic Finance 82(6), p. 73.Google Scholar
  17. Haseqawa, M.; Sakata, T.; Sambuichi, N.; Hannon, N. J. (2004): Breathing New Life Into Old Systems, Strategic Finance 85(9), pp. 46–51.Google Scholar
  18. Hoffman, C. (1999): The XML Files, Journal of Accountancy 187(5), pp. 71–77.Google Scholar
  19. Ijiri, Y. (1982): Triple-Entry Bookkeeping and Income Momentum, Sarasota, Fla: American Accounting Association.Google Scholar
  20. Ijiri, Y. (1987): Three postulates of momentum accounting. Accounting Horizons 1(1), pp. 25–34.Google Scholar
  21. Ijiri, Y.; Kelly, E. (1980): Multidimensional accounting and distributed databases: their implications for organizations and society, Accounting, Organizations and Society 5(1), pp. 115–123.CrossRefGoogle Scholar
  22. Johnson, O. (1970): Toward an “Events” Theory of Accounting, Accounting Review 45(4), pp. 641–653.Google Scholar
  23. Kitcharoensakkul, S.; Wuwongse, V. (2001): Towards a Unified Version Model Using The Resource Description Framework (RDF), International Journal of Software Engineering & Knowledge Engineering 11(6); p. 675.CrossRefGoogle Scholar
  24. Lane, P. J.; Koka, B. R.; Pathak, S. (2006): The Reification of Absorptive Capacity: A Critical Review and Rejuvenation of the Construct, Academy of Management Review 31(4), pp. 833–863.CrossRefGoogle Scholar
  25. Latour, B. (2005): Reassembling the Social: An Introduction to Actor-Network-Theory, Oxford: Oxford University Press.Google Scholar
  26. Law, J.; Hassard, J. (1999): Actor network theory and after, Oxford, Malden, MA, Blackwell.Google Scholar
  27. Lee, J.; Goodwin, R. (2006): Ontology management for large-scale enterprise systems, Electronic Commerce Research & Applications 5(1), pp. 2–15.CrossRefGoogle Scholar
  28. Lymer, A.; Debreceny, R.; Gray, G.; Rahman, A. (1999): Business Reporting on the Internet, London, International Accounting Standards Committee.Google Scholar
  29. Mattesich, R. (1964): Accounting and Analytical Methods, Homewood, Ill, Richard D Irwin.Google Scholar
  30. Nobes, C. (2006): The survival of international differences under IFRS: towards a research agenda, Accounting & Business Research 36(3), pp. 233–245.Google Scholar
  31. Phelps, R.; Adams, R.; Bessant, J. (2007): Life cycles of growing organizations: A review with implications for knowledge and learning, International Journal of Management Reviews 9(1), pp. 1–30.CrossRefGoogle Scholar
  32. Scott, C. R.; Timmerman, C. E. (2005): Relating Computer, Communication, and Computer-Mediated Communication Apprehensions to New Communication Technology Use in the Workplace, Communication Research 32(6), pp. 683–725.CrossRefGoogle Scholar
  33. Skinner, D. J. (2003): Should firms disclose everything to everybody? A discussion of “Open vs. closed conference calls: the determinants and effects of broadening access to disclosure”, Journal of Accounting and Economics 34(2), pp. 181–187.CrossRefGoogle Scholar
  34. Sorter, G. (1969): An “Events” Approach to Basic Accounting Theory, Accounting Review 44(1), pp. 12–19.Google Scholar
  35. Tarca, A. (2004): International Convergence of Accounting Practices: Choosing between IAS and US GAAP, Journal of International Financial Management & Accounting 15(1), pp. 60–91.CrossRefGoogle Scholar
  36. Tweedie, D. (2006): Keynote Speech, Paper read at 14th XBRL International Conference, at Philadelphia.Google Scholar

Copyright information

© Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2007

Authors and Affiliations

  • Roger Debreceny
    • 1
  1. 1.University of HawaiìMānoaUSA

Personalised recommendations