Nowadays, there is an important development in XML and Data Warehouse (DW) applications. Moreover, companies and financial institutions need more accounting information. In addition, this information must be reliable and on time. XBRL (eXtensible Business Reporting Language) is a global de facto standard, based on XML. XBRL consists of a set of taxonomies, which define different accounting regu...

This paper presents an approach to analyze XBRL documents using semantic web technologies. The system takes an XBRL document and converts its information into RDF files. The obtained files are merged with an OWL ontology describing financial information domain. The system enables the formulation of SPARQL queries over the generated data which facilitate the analysis of the financial information...

Only 13 years ago in April 1998 Charles Hoffman, a CPA investigated how XML could be used for the reporting of business and financial information. By now many researchers are dealing with this topic. The high (practical) relevance of XBRL is emphasized by several laws and a large number of regulatory requirements stipulating the use of XBRL for business and financial reporting. Giving an overvi...

XHTML and XBRL are the standard languages for creating a database for the purpose of displaying financial statements on web applications. Today, XBRL is one of the most popular languages for business reporting. A large number of countries in the world recognize the role of XBRL language for financial reporting and the benefits that the reporting format provides in the collection, analysis, prep...

Article history: Received 2 February 2007 Received in revised form 22 October 2008 Accepted 23 October 2008 XBRL is a language based on XML for the electronic communication of business information. It is designed to improve the exchange, aggregation and analysis of corporate data requiring disclosure, through a unique tagging structure that provides interoperability. But, the proliferation of a...

In an increasingly digitalized world, financial institutions have become data hoarders and find it difficult to efficiently exploit and interpret data from various sources. XBRL provides a global standard to exchange financial information. Although XBRL solves the syntactic heterogeneity problem, it doesnt solve the semantic heterogeneity problem when involving multiple taxonomies. In this pape...

We discuss a translation of financial reports from the XBRL format into Semantic Web language OWL. Different from existing approaches that do mechanic translation from XBRL’s XML schema into OWL, our approach can faithfully preserve the implicit semantics in XBRL and enable the logic model of financial reports. We show that such a translation reduces the risk of redundancy and inconsistency, an...

The third section concerns potential improvements to the system in the future. In particular, reference is made to the translation of financial reporting documents using Extensible Business Reporting Language (XBRL), taking advantage of another PwCSYSTRAN joint project which is pioneering the use of XBRL in a web-based service for translating financial documents, and a further XBRL initiative u...

Data standardization is a widely recommended solution to improving data quality. Despite the potential benefits, we examine if it has any unintended, especially undesirable, side effects on data quality. The eXtensible Business Reporting Language (XBRL) is an XML-based open standard that aims to facilitate the preparation, exchange and comparison of financial reports. Leveraging the unique oppo...

The eXtensible business reporting language is an XML-based standard, which has the potential to significantly improve the efficiency and effectiveness of intraand inter-organizational information supply chain. In this article, we present the case for using convergent interviews as an appropriate and efficient method for modelling factors impacting the adoption of emerging and under-researched i...