Journal Press India^®

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The development of the Internet as a global and excited medium for dissemination of financial information creates a new reporting environment. This study examines the forms of Online Financial Reporting of selected Indian and U.S. banks, for this purpose five banks selected from each country on the basis of market capitalization and net worth, with the help of these forms banks can communicate with their external stakeholders. World Wide Web (WWW) technologies are extensively used for disseminating financial information around the world. A growing percentage of competition companies disseminate information on its respective websites like financial data, financial performance, social and environmental issues, corporate information, corporate governance, marketing and other information are presented in multitude forms of annual reports like HTML, (Hypertext Markup Language), PDF (Portable Document Format) and XBRL (eXtensible Business Reporting Language). HTML and PDF are the oldest form of disseminating financial information on the websites but XBRL is the new form of reporting financial information on the websites. From 2010 onwards SEC mandate, banks are required to tag their face financial statements through XBRL. Banks are required to tag its financial statement footnotes and financial statement schedules.

Keywords

HTML, PDF, XBRL, WWW, SEC.

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