TheApplicationof_省略_eChainAccounting_Gua.pdf

The Application of XBRL in the Financial Reporting System Based on Value

Chain Accounting

Guangqiang Han

College of Management, Bo Hai University, Jin Zhou, 121000, China

E-mail:

hangq3@

Abstract:XBRL technologies have greatly promoted the development of

accounting information system，how to utmost show off the potential of

XBRL technology is the first issue should be resolved．In my opinion，because XBRL technology which is based on XML，mainly used in the

standardization of business information processing，benefits from XBRL

General Ledger Taxonomy，the value of XBRL is not just confined to the

traditional financial reporting improvement，XBRL has brought a new way of

accounting information processing and handling．At the same time，value

chain accounting research on the enterprise value information and its

deep-rooted relations behind．in essence，value chain accounting is a

combination of value chain management theory,supply chain management

theory, accounting theory and information technology,introduce value chain

management and value chain analysis methods into the field of financial

accounting is to adapt to the needs of transforming business accounting

into management and value creation accounting．As the ultimate outcome of

financial work，accountinginformation meets various needs of different

users，providing most valuable information for investment and

decision·making，XBRL standardization of information processing and

integration can be very good to meet these needs．Therefore，it is

necessary to integrate XBRL technology into value chain accounting，domestic scholars have done research in this area，Dr．Wu Mengzhu，who is

from Northwest Agriculture and Forestry University of science and

technology,put forward a theory of financial reporting system based on

value chain accounting，he analyzed mainstream IT environment reports

model put forward by Hai·Dong Wang(2006)．My paper starts from analyzing

the principle of XBRL technology and combinating value chain management

ideas and issues·based information systemcharacteristics，in this way,the

adoption of XBRL ledger system will expand the application of XBRL to the

original transaction level．The combination of XBRL technology and value

chain accounting is based on business processes and original transaction

level．myXBRL-based financial automation technology,information processing

model is based on integration platform of dynamic financial business

accounting，proposed by Zhang Rui-jun，Zou li，Feng Xue(2004)．With the

information-sharing mechanisms，the model is intended to provide services

for XBRL technology-practice of enterprise，and then we can analyze the

value chain information exchange and transmission of the optimization

process．

Key Words: XBRL; value chain accounting; financial reporting system

1 The problems of value chain

accounting

Development of society and economy, a

necessity of the economic management

will promote the accounting into a new

stage--a phase of the value chain of

accounting. It is to reflect and

control economic activities immediately

and - dimensionally, based on the

traditional accounting. The value chain

of accounting is a summary of new types

of accounting and it forms a new

platform for the theoretical study of

accounting.

The figure 1 is the enterprise

financial report supply chain at

present, we can see the current

enterprise report supply chain has

integrated Enterprise Resource Planning

(ERP) system, Customer Relationship

Management (CRM) system, Financial

system ,etc .But in fact, the entire

chain operation not so fluent, there

are some problems need to be solved.

1.1The low degree of enterprise value

chain system integration and resource

sharing

Although the enterprise information

infrastructure construction level

performance, and information

technology application environment

improvement, but due to the lack of

overall planning, overall design and

process control, different system or

module has different manufacturers to

provide separate isolated construction

and implementation, causes most

enterprise application system is in "

island of information ", system

integration and sharing resources level

is low it’s need extra investment to

deal with these cannot be directly

shared data information.

1.2 It’s not unified that the format

source of the financial report in the

enterprise value chain of accounting

Because the stakeholders of the

enterprise have different requirements

to the financial report, not only the

enterprise itself will need to prepare

for all kinds of financial report

format, and stakeholders would take the

report converted into an effective