Abstract
In 2000 XBRL became part of accounting terminology. An ambitious project to generate a public domain XBRL resource has attracted the support of the accounting standard setters in all leading jurisdictions as well the support of regulators, leading software houses and professionals.1 Much has been promised and there is an ongoing debate on just how it will change financial reporting. In the XBRL discussions to date little reference has been made to the literature on information dissemination, particularly as it relates to efficient markets, earnings management and the voluntary disclosure of financial information. In this respect the debate is incomplete and somewhat naive. If what we know about the incentives managers face is factored into the debate some of the claims about XBRL appear exaggerated.
See Hannon (2001) for a description of the project.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Beaver, W. H.; (1999): Comments on-An empirical assessment of the residual income valuation model, Journal of Accounting & Economics, 26(1–3), pp. 35–42.
Brennan, M.; (1991): A perspective on accounting and stock prices, Accounting Review, 66(1), pp. 67–79.
Coffin, Z. (2001): The top 10 effects of XBRL, Management Accounting, 82(12), pp. 64–67.
Debreceny, R. S.; Chandra, A., Cheh, J. J.; Guithues-Amrhein, D.; Hannon, N. J.; Hutchison, P. D.; Janvrin, D.; Jones, R. A.; Lamberton, B.; Lymer, A.; Mascha, M.; Nehmer, R.; Roohani, S.; Srivastava, R. P.; Trabelsi, S.; Tribunella, T.; Trites, G.; Vasarhelyi, M. A. (2005): Financial Reporting in XBRL on the SEC’s EDGAR System: A Critique and Evaluation, Journal of Information Systems, 19(2), pp. 191–210.
Hannon, N. (2001): XBRL: what it is and what it isn’t, Management Accounting, 82(9), pp. 69–70.
Healy, P. M. Palepu, K. G., (1993): The effect of firms’ financial disclosure strategies on stock prices, Accounting Horizons, 7(1), p. 1–11.
Hodge, F. D.; Kennedy, J. J.; Maines, L. A.; (2004): Recognition versus Disclosure in Financial Statements: Does Searchable Technology Improve Transparency?, Accounting Review, 79(3), pp. 687–703.
Hucklesby, M. and Macdonald, J. (2000): XBRL = Better, faster, cheaper, Chartered Accountants Journal of New Zealand, 79(8), pp. 34–36.
Jones, J. J. (1991): Earnings management during import relief investigation, Journal of Accounting Research, 29(2), pp. 193–228.
Lev, B. (1989): On the usefulness of earnings: lessons and directions from two decades of empirical research, Journal of Accounting Research, 27, pp. 153–192.
Skinner, D. (1994): Why firms voluntarily disclose bad news, Journal of Accounting Research, 32(1), pp. 38–60.
Stice, E. K. (1991): The market reaction to 10-K and 10-Q filings and to subsequent The Wall Street Journal earnings announcements, Accounting Review, 66(1), pp. 42–55.
Teixeira, A. (2001): GAAP, Manager Discretion and Earnings Quality, The University of Auckland Business School.
Woodroof, J.; Searcy, D. (2001), Continuous audit; Model development and implementation within a debt covenant compliance domain, International Journal of Accounting Information Systems, 2(3), pp. 169–191.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2007 Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden
About this chapter
Cite this chapter
Teixeira, A. (2007). The Implications of XBRL for Financial Reporting. In: New Dimensions of Business Reporting and XBRL. DUV. https://doi.org/10.1007/978-3-8350-9633-2_3
Download citation
DOI: https://doi.org/10.1007/978-3-8350-9633-2_3
Publisher Name: DUV
Print ISBN: 978-3-8350-0835-9
Online ISBN: 978-3-8350-9633-2
eBook Packages: Business and EconomicsBusiness and Management (R0)