THE IMPACT OF EXTENSIBLE BUSINESS REPORTING LANGUAGE EDUCATION AND ADOPTION OF STOCK EXCHANGE DEVELOPMENT: A FOCUS ON NIGERIA

The growing need for widely available and easily accessible financial information in the financial markets has prompted the necessity for the knowledge and adoption of Extensible Business Reporting Language (XBRL) as the standard format for presenting financial reports across the globe. The impact of an efficient information distribution system like the Extensible Business Reporting Language (XBRL) could help protect creditors, make cross border relations more secure and support the competitiveness of financial markets This study aims at investigating the impact of the possible learning and adoption of Extensible Business Reporting Language (XBRL) in the Nigerian Stock Exchange. The data used for this study were gathered through the instruments of a questionnaire and secondary sources. One hundred and Fifty (150) copies of a questionnaire were administered, out ofwhich one hundred and thirty-one (131) were collated for analysis. To achieve the objectives of this study, three hypotheses were formulated from the structure of research questions. Kruskal-Wallis and descriptive statistical tools were used in testing these hypotheses. Findings show that environmental factors and problems in the Nigerian Stock exchange will affect the learning and implementation of XBRL in the Stock Exchange as well as the fact that certain infrastructure must be put in place before the implementation of XBRL. Based on these findings, the study recommends that the Federal government should announce and compel the educational awareness and adoption of XBRL as a format for regulatory filing and financial reporting in the Nigerian Stock Exchange

Information Technology and Financial Reporting By Deposit Money Bank in Nigeria: An Empirical Study

The study investigated the impact information technology has on the preparation and publishing of financial reports in deposit money banks in Nigeria. It examines whether Information Technology improves the qualities required by the international financial reporting standards on financial reports, and if it affects compliance with required standards as well. The study adopted descriptive research design method with a population of 2,500 accountants and a sample size of 345 which was derived using Yaro Yamani formula. The study made use of primary data. Data collected were analyzed using simple regression analysis. Results from the study based on the regression analysis which gave an outcome of 90% and a p-value of 0.00 for the first hypothesis show that information technology makes financial reporting more accurate, useable and of better quality. The regression analysis gave a result of 2.9% and a p-value of 0.680 for the second hypothesis which means that information technology does not hinder compliance with international financial reporting standards. Finally, the study recommended that information technology should be made a core part of the curriculum in schools and professional training of accountants so as to improve their skills. Also, research on advancements accounting technology should be taken serious in Nigeria, as there is constant change and improvement in this area. Key words: Information, Technology, Financial Reporting, Money Deposit Ban

THE IMPACT OF ERP AND XBRL IMPLEMENTATION ON THE ACCOUNTING INFORMATION QUALITY

One of the indicators of the quality of accounting information is timeliness, which indicates that the information in the financial statements is usable. In Indonesia, the industrial development of the consumer cyclical sector tends to fluctuate in tandem with economic growth. The economic growth rate will increase by 5.05% between 2019 and 2021; Indonesia’s economy will grow by 3.69% in 2021, down from 2.07% in 2020. The Indonesia Stock Exchange and the Financial Services Authority have established rules regarding the submission of financial reports. Nonetheless, many companies in the consumer cyclical sector on the Indonesia Stock Exchange are still delinquent in submitting their financial reports. This study seeks to determine how enterprise resource planning and extensible business implementation reporting language affect the timeliness of financial report submissions. This study employs a quantitative research methodology. This study’s population consists of cyclical consumer sector firms listed on the Indonesia Stock Exchange between 2019 and 2021. This study employed a purposive sampling strategy to collect 115 research samples over a 3-year observation period for a total of 345 research samples. According to the study’s findings, enterprise resource planning and extensible business reporting language impact the timeliness of financial reporting simultaneously. Although partially, only the extensible business reporting language significantly impacts the timeliness of financial report submission. In the meantime, enterprise resource planning does not significantly impact the timeliness of financial report submission. In order to avoid sanctions from the Indonesia Stock Exchange and the Financial Services Authority, it is hoped that consumer cyclical sector companies listed on the Indonesia Stock Exchange will always adhere to the deadline for submitting financial reports to the public

Introduce XBRL To Business Students

This paper informs business instructors and educators about XBRL (Extensible Business Reporting Language) so that they can introduce it to their students and expand their students’ understanding of how it relates to the accounting profession. Even though the financial community has entered a new age with this standardized reporting language, many business educators and even accountants old and new to the profession are not informed about XBRL nor have an idea of its potential benefits. With this paper, educators and students can learn the definition of XBRL, its history, and its current uses. The information educates the reader about the evolution of XBRL over the past two decades as well as its benefits so readers can become aware of the value of this now-worldwide application. The paper includes the SEC and FDIC adoption of this computer language as an international standard that aims to improve the speed, accuracy, and transparency of business reporting

On the design of an XML-schema based application for business reporting : an XBRL schema perspective

A markup language for business reporting must satisfy many demanding criteria: readable by novices, extendable by users, minimum payload overheads, and a uniform graph structure to enable validation of document instance with minimal programming effort. To be elegant and robust it must be based on a model that reflects the intricacies of business reporting, and to be efficient in terms of maintenance it must be modular in structure. We suggest the skeleton of a derivative of the XBRL that exhibits most of the criteria stated above which uses the basic semantic structure provided in its specification and the associated C&I taxonomy. Our proposal provides domain-specific tags so that even the source documents are very readable. We provide a proof-of-concept schema for the Balance Sheet (using the XBRL C&I taxonomy) as an instance of a canonical generic labeled graph model for any financial statement. We also provide an algorithm for the validation of such labeled directed graph representation of a financial statement and its implementation in the programming language Java.Un idioma de referencia para el registro de asuntos de negocios debe cumplir con ciertos criterios: que sea entendible por los novatos, extensible entre los usuarios, con un coste mínimo, y una estructura uniforme para permitir la validación de documentos con un coste de programación mínimo. Para que sea elegante y robusto debe estar basado en un modelo que refleje las necesidades del informe de negocios, y para ser eficientes en términos de mantenimiento debe tener una estructura modular. Proponemos el esqueleto de un derivado del XBRL que cumple con la mayor parte de los requerimientos mostrados arriba, y que usa una semántica básica proveniente de la taxonomía C&I. Nuestra propuesta proporciona etiquetas de dominio específico de forma que hasta los documentos que se usen como fuente sean fáciles de leer. Proporcionamos un esquema del concepto de prueba para la Hoja de Balanzas (usando la taxonomía XBRL C&I) como instancia de modelo genérico etiquetado como modelo gráfico para cualquier conclusión financiera. También proporcionamos un algoritmo de validación que sirve a la representación gráfica directa y su implementación al lenguaje Java de programación

Decision-focussed resource modelling for design decision support

Resource management including resource allocation, levelling, configuration and monitoring has been recognised as critical to design decision making. It has received increasing research interests in recent years. Different definitions, models and systems have been developed and published in literature. One common issue with existing research is that the resource modelling has focussed on the information view of resources. A few acknowledged the importance of resource capability to design management, but none has addressed the evaluation analysis of resource fitness to effectively support design decisions. This paper proposes a decision-focused resource model framework that addresses the combination of resource evaluation with resource information from multiple perspectives. A resource management system constructed on the resource model framework can provide functions for design engineers to efficiently search and retrieve the best fit resources (based on the evaluation results) to meet decision requirements. Thus, the system has the potential to provide improved decision making performance compared with existing resource management systems

Initial Effects of Mandatory XBRL Adoption Across the Indonesia Stock Exchange`s Financial Information Environment

This research aims to investigate the initial effects of mandatory eXtensible Business Reporting Language (XBRL) across the Indonesia Stock Exchange`s financial information environment. Financial information environment is measured by event return volatility, absolute cumulative abnormal return, change in standard deviation of returns, abnormal bid-ask spread, and abnormal trading volume. Comparing the effects of pre- and post- XBRL period, we provide evidence that there is no significant implication in the first year of XBRL adoption. It is showed that event return volatility, changes in the standard deviation of returns, and abnormal bid-ask spread was not reduced in the post- XBRL period. On the other hand, it was able to intensify the stock trading volume which noted by the increased abnormal trading volume after mandatory XBRL policy was enacted.JEL Classification: G31; G32; G34DOI: https://doi.org/10.26905/jkdp.v22i2.209

Managing Metadata in Data Warehouses: Pitfalls and Possibilities

This paper motivates a comprehensive academic study of metadata and the roles that metadata plays in organizational information systems. While the benefits of metadata and challenges in implementing metadata solutions are widely addressed in practitioner publications, explicit discussion of metadata in academic literature is rare. Metadata, when discussed, is perceived primarily as a technology solution. Integrated management of metadata and its business value are not well addressed. This paper discusses both the benefits offered by and the challenges associated with integrating metadata. It also describes solutions for addressing some of these challenges. The inherent complexity of an integrated metadata repository is demonstrated by reviewing the metadata functionality required in a data warehouse: a decision support environment where its importance is acknowledged. Comparing this required functionality with metadata management functionalities offered by data warehousing software products identifies crucial gaps. Based on these analyses, topics for further research on metadata are proposed