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The Implications of XBRL for Financial Reporting

  • Alan Teixeira

Abstract

In 2000 XBRL became part of accounting terminology. An ambitious project to generate a public domain XBRL resource has attracted the support of the accounting standard setters in all leading jurisdictions as well the support of regulators, leading software houses and professionals.1 Much has been promised and there is an ongoing debate on just how it will change financial reporting. In the XBRL discussions to date little reference has been made to the literature on information dissemination, particularly as it relates to efficient markets, earnings management and the voluntary disclosure of financial information. In this respect the debate is incomplete and somewhat naive. If what we know about the incentives managers face is factored into the debate some of the claims about XBRL appear exaggerated.

Keywords

Supply Chain Cash Flow Financial Reporting Earning Management Stock Prex 
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.

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Copyright information

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

Authors and Affiliations

  • Alan Teixeira
    • 1
  1. 1.International Accounting Standards BoardUK

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