Academic Journal
Extensible Business Reporting Language (XBRL) : a tool for accounting education in the 21st century
| Title: | Extensible Business Reporting Language (XBRL) : a tool for accounting education in the 21st century |
|---|---|
| Authors: | Faboyede, Samuel, Nwobu, Obiamaka, Akande, Oladimeji, Oladipo, Olufemi |
| Publisher Information: | Ahmet Gökgöz |
| Publication Year: | 2016 |
| Collection: | University of Malta: OAR@UM / L-Università ta' Malta |
| Subject Terms: | Accounting -- Education, Financial statements -- Computer programs, Financial statements -- Data processing, XBRL (Document markup language), Document markup languages |
| Description: | 21st century education standards focus on 21st century skills, content knowledge and expertise. Technology advances such as eXtensible Business Reporting Language (XBRL) have revolutionized the way information is exchanged and the way business is conducted. These days, speed is of the essence and loss of accuracy, lack of transparency, and difficulty in analysis are increasingly becoming apparent risks. This research exposes XBRL as a phenomenon that represents the future of global accounting education. It discusses the concept and need for XBRL as well as its potential uses and challenges. The research found that there is an ongoing transformation in the way business is conducted and regulated world-wide. The onslaught of the information revolution has profound ramifications for corporate reporting information preparers and users. It therefore recommends that the greater the degree of collaboration between all participants in the financial information supply chain, including government regulators and public sector accountants, the greater the benefits that this information format enables for all participants, educationists, academics, companies, regulators, investors, and government agencies alike. ; peer-reviewed |
| Document Type: | article in journal/newspaper |
| Language: | English |
| Relation: | https://www.um.edu.mt/library/oar//handle/123456789/26098 |
| Availability: | https://www.um.edu.mt/library/oar//handle/123456789/26098 |
| Rights: | info:eu-repo/semantics/openAccess ; The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. |
| Accession Number: | edsbas.1241F482 |
| Database: | BASE |
| FullText | Text: Availability: 0 CustomLinks: – Url: https://www.um.edu.mt/library/oar//handle/123456789/26098# Name: EDS - BASE (ns324271) Category: fullText Text: View record from BASE |
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| Items | – Name: Title Label: Title Group: Ti Data: Extensible Business Reporting Language (XBRL) : a tool for accounting education in the 21st century – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Faboyede%2C+Samuel%22">Faboyede, Samuel</searchLink><br /><searchLink fieldCode="AR" term="%22Nwobu%2C+Obiamaka%22">Nwobu, Obiamaka</searchLink><br /><searchLink fieldCode="AR" term="%22Akande%2C+Oladimeji%22">Akande, Oladimeji</searchLink><br /><searchLink fieldCode="AR" term="%22Oladipo%2C+Olufemi%22">Oladipo, Olufemi</searchLink> – Name: Publisher Label: Publisher Information Group: PubInfo Data: Ahmet Gökgöz – Name: DatePubCY Label: Publication Year Group: Date Data: 2016 – Name: Subset Label: Collection Group: HoldingsInfo Data: University of Malta: OAR@UM / L-Università ta' Malta – Name: Subject Label: Subject Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Accounting+--+Education%22">Accounting -- Education</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+statements+--+Computer+programs%22">Financial statements -- Computer programs</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+statements+--+Data+processing%22">Financial statements -- Data processing</searchLink><br /><searchLink fieldCode="DE" term="%22XBRL+%28Document+markup+language%29%22">XBRL (Document markup language)</searchLink><br /><searchLink fieldCode="DE" term="%22Document+markup+languages%22">Document markup languages</searchLink> – Name: Abstract Label: Description Group: Ab Data: 21st century education standards focus on 21st century skills, content knowledge and expertise. Technology advances such as eXtensible Business Reporting Language (XBRL) have revolutionized the way information is exchanged and the way business is conducted. These days, speed is of the essence and loss of accuracy, lack of transparency, and difficulty in analysis are increasingly becoming apparent risks. This research exposes XBRL as a phenomenon that represents the future of global accounting education. It discusses the concept and need for XBRL as well as its potential uses and challenges. The research found that there is an ongoing transformation in the way business is conducted and regulated world-wide. The onslaught of the information revolution has profound ramifications for corporate reporting information preparers and users. It therefore recommends that the greater the degree of collaboration between all participants in the financial information supply chain, including government regulators and public sector accountants, the greater the benefits that this information format enables for all participants, educationists, academics, companies, regulators, investors, and government agencies alike. ; peer-reviewed – Name: TypeDocument Label: Document Type Group: TypDoc Data: article in journal/newspaper – Name: Language Label: Language Group: Lang Data: English – Name: NoteTitleSource Label: Relation Group: SrcInfo Data: https://www.um.edu.mt/library/oar//handle/123456789/26098 – Name: URL Label: Availability Group: URL Data: https://www.um.edu.mt/library/oar//handle/123456789/26098 – Name: Copyright Label: Rights Group: Cpyrght Data: info:eu-repo/semantics/openAccess ; The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. – Name: AN Label: Accession Number Group: ID Data: edsbas.1241F482 |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.1241F482 |
| RecordInfo | BibRecord: BibEntity: Languages: – Text: English Subjects: – SubjectFull: Accounting -- Education Type: general – SubjectFull: Financial statements -- Computer programs Type: general – SubjectFull: Financial statements -- Data processing Type: general – SubjectFull: XBRL (Document markup language) Type: general – SubjectFull: Document markup languages Type: general Titles: – TitleFull: Extensible Business Reporting Language (XBRL) : a tool for accounting education in the 21st century Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Faboyede, Samuel – PersonEntity: Name: NameFull: Nwobu, Obiamaka – PersonEntity: Name: NameFull: Akande, Oladimeji – PersonEntity: Name: NameFull: Oladipo, Olufemi IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2016 Identifiers: – Type: issn-locals Value: edsbas – Type: issn-locals Value: edsbas.oa |
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