XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract
The issue of global transformation of the traditional format of accounting (financial) and non-financial reporting (in the form of PDF reports) into an interactive digital format of business reporting is relevant. The article is devoted to the analysis of domestic and world trends in the development...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
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Government of Russian Federation, Financial University
2020-07-01
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| Series: | Учёт. Анализ. Аудит |
| Subjects: | |
| Online Access: | https://accounting.fa.ru/jour/article/view/316 |
| _version_ | 1797884257452949504 |
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| author | R. P. Bulyga I. V. Safonova |
| author_facet | R. P. Bulyga I. V. Safonova |
| author_sort | R. P. Bulyga |
| collection | DOAJ |
| description | The issue of global transformation of the traditional format of accounting (financial) and non-financial reporting (in the form of PDF reports) into an interactive digital format of business reporting is relevant. The article is devoted to the analysis of domestic and world trends in the development of reporting of economic entities in the digital economy and identifying the prospects for using XBRL as the main digital format of business reporting. The research methodology is based on the application of a system of scientific methods: analysis and synthesis, induction and deduction, comparison, a systematic and logical approach and the method of analogies and groupings. As a result of the study, the trend in the development of reporting by economic entities is determined. The study justifies the strengthening of the role of information technology in the formation of new conceptual approaches to the disclosure of the information contained in it by synthesizing the elements of volumetric representation (using the method of “multidimensional space”) and modern IT platforms. A review of the use of the XBRL format as a world language for business reporting in international and Russian practice is conducted. Based on the analysis of global XBRL development initiatives actively discussed in the world community, it is concluded that the XBRL format has firmly taken the place of the main digital standard for the formation and disclosure of information by economic entities of leading world countries, and its further development is an inevitable future in solving the problem of creating a modern interactive digital format of business reporting of foreign and domestic companies. The research results can be used by a wide range of national regulators, investors and financial market participants, as well as international business and professional communities, with the practical transfer of all financial market participants to a single electronic format. |
| first_indexed | 2024-04-10T04:03:41Z |
| format | Article |
| id | doaj.art-38c2bf85200b4f14bd200b0580c474b3 |
| institution | Directory Open Access Journal |
| issn | 2408-9303 2619-130X |
| language | Russian |
| last_indexed | 2024-04-10T04:03:41Z |
| publishDate | 2020-07-01 |
| publisher | Government of Russian Federation, Financial University |
| record_format | Article |
| series | Учёт. Анализ. Аудит |
| spelling | doaj.art-38c2bf85200b4f14bd200b0580c474b32023-03-13T07:07:08ZrusGovernment of Russian Federation, Financial UniversityУчёт. Анализ. Аудит2408-93032619-130X2020-07-017361710.26794/2408-9303-2020-7-3-6-17304XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice AbstractR. P. Bulyga0I. V. Safonova1Финансовый университетФинансовый университетThe issue of global transformation of the traditional format of accounting (financial) and non-financial reporting (in the form of PDF reports) into an interactive digital format of business reporting is relevant. The article is devoted to the analysis of domestic and world trends in the development of reporting of economic entities in the digital economy and identifying the prospects for using XBRL as the main digital format of business reporting. The research methodology is based on the application of a system of scientific methods: analysis and synthesis, induction and deduction, comparison, a systematic and logical approach and the method of analogies and groupings. As a result of the study, the trend in the development of reporting by economic entities is determined. The study justifies the strengthening of the role of information technology in the formation of new conceptual approaches to the disclosure of the information contained in it by synthesizing the elements of volumetric representation (using the method of “multidimensional space”) and modern IT platforms. A review of the use of the XBRL format as a world language for business reporting in international and Russian practice is conducted. Based on the analysis of global XBRL development initiatives actively discussed in the world community, it is concluded that the XBRL format has firmly taken the place of the main digital standard for the formation and disclosure of information by economic entities of leading world countries, and its further development is an inevitable future in solving the problem of creating a modern interactive digital format of business reporting of foreign and domestic companies. The research results can be used by a wide range of national regulators, investors and financial market participants, as well as international business and professional communities, with the practical transfer of all financial market participants to a single electronic format.https://accounting.fa.ru/jour/article/view/316xbrlраскрытие информацииотчетностьинформационная прозрачностьцифровая экономикаэкономический субъект |
| spellingShingle | R. P. Bulyga I. V. Safonova XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract Учёт. Анализ. Аудит xbrl раскрытие информации отчетность информационная прозрачность цифровая экономика экономический субъект |
| title | XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract |
| title_full | XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract |
| title_fullStr | XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract |
| title_full_unstemmed | XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract |
| title_short | XBRL as a Digital Reporting Format for Economic Entities: International Experience and Russian Practice Abstract |
| title_sort | xbrl as a digital reporting format for economic entities international experience and russian practice abstract |
| topic | xbrl раскрытие информации отчетность информационная прозрачность цифровая экономика экономический субъект |
| url | https://accounting.fa.ru/jour/article/view/316 |
| work_keys_str_mv | AT rpbulyga xbrlasadigitalreportingformatforeconomicentitiesinternationalexperienceandrussianpracticeabstract AT ivsafonova xbrlasadigitalreportingformatforeconomicentitiesinternationalexperienceandrussianpracticeabstract |