Journal Press India®

Users’ Perspective of Extensible Business Reporting Language (XBRL) in India

Vol 3, Issue 2, July - December 2016 | Pages: 29-41 | Research Paper  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/mudra.v3i2.7893


Author Details ( * ) denotes Corresponding author

1. S. Raghavendra Raju, Research Scholar, University of Mysore, Mysore, Karnataka, India (raganna20@gmail.com)
2. * B. Mahadevappa, Professor, DOS in Commerce, University of Mysore, Mysore, Karnataka, India (bmahadevappa@gmail.com)

There has been a paradigm shift in financial reporting after the introduction of Extensible Business Reporting Language (XBRL). XBRL is a language for electronic communication of business and financial data. The Ministry of Corporate Affairs of Government of India has mandated e-filing of annual reports for certain class of companies in XBRL format from April 1, 2011. Now, more than 1 lakh companies are filing their financial statements through XBRL. The purpose of this paper is to know the users’ awareness about XBRL. The sample for the study includes 76 users. Research instrument was constructed to collect the primary data from the respondents. Hypothesis was tested to know the difference in the users’ perspective about XBRL.  The results of the study were presented in five qualitative characteristics: understandability, reliability, relevance, comparability, and timeliness. The results of the paper indicate that there is more understandability, reliability, and relevance of financial statements among the users along with easier comparison of XBRL reports across companies.

Keywords

XBRL; Taxonomy; Instance document; Qualitative characteristics

  1. Farewell, S., Hao, L., Kashyap, V. & Pinkser, R. (2013). A Case Study examining the Indian Ministry of Corporate Affairs XBRL Implementation.
  2. http://eycarat.faculty.ku.edu/myssi/XBRL2013/2.Farewell,%20Hao,%20Kashyap%20&%20Pinsker.pdf
  3. Hoffman, Charles. & Watson, Apneseth Liv. (2010). XBRL for Dummies. New Jersey: Wiley Publishing Inc.
  4. Kashyap, V., & Garg , N.(2013). Ah., Again there is an error in XBRL. The Chartered Accountant, 444-448.
  5. Vasal,V.K., & Srivastava,R.P.(2002)Extensible Business Reporting Language (XBRL) –The digital language of business, An Indian perspective. Indian Accounting Review, 6(1): 41-59.
Abstract Views: 183
PDF Views: 93

Advanced Search

News/Events

Institute of Managem...

Deccan Education Society Institute of Management Development and Re...

S.B. Patil Institute...

Pimpri Chinchwad Education Trust's S.B. Patil Institute of Mana...

D. Y. Patil IMCAM, A...

D. Y. Patil Institute of Master of Computer Applications & Managem...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management International Conference on ...

Department of Commer...

Department of Commerce, Faculty of Commerce & Business, University...

Birla Institute of M...

Birla Institute of Management Technology (BIMTECH) 3rd Pritam Singh M...

OP Jindal University...

OP Jindal University, India 4th International Conference on  ...

Department of MBA, N...

Department of MBA, Narayana Engineering College Nellore International...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management Conference Proceedings,...

Online Proceedings R...

Conference Proceedings, March 2023 ISBN: 978-81-956810-6-8 ...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.