EXTENDED ENTERPRISE AND INFORMATION SYSTEMS GOVERNANCE IN AN INTER-ORGANIZATIONAL CONTEXT

Flexibility, openness, and cooperation are fundamental tendencies that positively mark the ensemble of private and public sector organizations. For a sustainable development in a more and more complex globalized and competitive business environment, the ee-business, extended enterprise, inter-enterprise cooperative information systems, workflow, corporate governance, IS governance

The impact of mandatory adoption of XBRL on firm’s stock liquidity: a cross-country study

International audiencePurpose The purpose of this paper is to examine the impact of the mandatory adoption of eXtensible Business Reporting Language (XBRL) on firm’s stock liquidity. Design/methodology/approach Using a random-effects model, this study examines the impact of the mandatory adoption of XBRL (ADOPXBRL) on firm’s stock liquidity of 980 companies pertaining to 13 countries for a period from 2000 to 2016. Findings This paper finds that the mandatory ADOPXBRL affects negatively and significatively Amihud’s (2002) illiquidity ratio. Therefore, mandatory XBRL adoption enhances the firm’s stock liquidity. In addition, this paper finds that the impact of the mandatory ADOPXBRL on firm’s stock liquidity is more pronounced in civil law countries than in common law countries. Originality/value This paper contributes to the literature on the advantage of XBRL especially for the civil law countries by examining the impact of the mandatory ADOPXBRL on firm’s stock liquidity

ERP systems facilitating XBRL reporting and regulatory compliance

Today, the global economic environment requires that information is readily available across the supply chain (SC) and value chain and that the information is available in a costeffective manner. The information must be accurate, credible, timely, cost-efficient, reliable, traceable, pertinent, and possess data transparency. The information must be available to members within a particular organization, its vendors and customers, and outside governmental and regulatory agencies. All associated stakeholders and stockholders are entitled to the availability of trustworthy financial information to aid them in decision making, therefore, the controls regarding the data are critical for the compilation of the data. The Securities and Exchange Commission (SEC) reviews the financial report data a company submits on a yearly basis and this aids in the validity and credibility of the data, so that the ultimate end-user, who is the stockholder has the afforded protection from deception which is mandated and provided by the government

Industry 4.0 and accounting: directions, challenges, opportunities

The purpose of the study was to reveal the directions, challenges and opportunities that arise in the accounting system in the conditions of Industry 4.0, when innovative solutions based on the capabilities of new digital technologies become the management of in-demand enterprises. The role of Industry 4.0 is shown, the features of modern Industry 4 technologies are revealed, the main technologies and production processes are demonstrated, interconnected using industrial protocols to create intelligent data. The rating of digital competitiveness and their readiness to implement Industry 4.0 technologies for 64 countries of the world is given and analyzed. These factors hinder the process of digitalization in countries with a low rating. The influence of Industry 4.0 on the accounting system is determined and the technologies affected by the fourth industrial revolution in terms of accounting (Big Data or Data Analytics, Cloud Computing, AI, Blockchain, Internet of Things (IoT), Robotic Process Automation) and changes waiting for the profession of accountant. The coordination of efforts of business, education and the state in the context of the development of Industry 4.0 technologies was noted

AICPA annual report 2006-07; Navigating today & tomorrow

https://egrove.olemiss.edu/aicpa_arprts/1177/thumbnail.jp

Development of the BIRD: a metadata modelling approach for the purpose of harmonising supervisory reporting at the European Central Bank - Directorate of general statistics: master and metadata

Internship Report presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Information Analysis and ManagementThe work presented is a report documenting the work completed during an Internship at the European Central Bank (ECB), located in Frankfurt Germany from the 15th March 2019 – 15th March 2020. The internship took place in the Directorate of General Statistics (DG-S), specifically in the Master and Metadata section of the Analytical Credit and Master data division (MAM). It will be a continuation of the ECB Internal Banks’ Integrated Reporting Dictionary (BIRD) project as well as management of ECB’s centralised metadata repository, known as the Single Data Dictionary (SDD). The purpose of the dictionary and BIRD Project is to provide the banks with a harmonized data model that describes precisely the data that should be extracted from the banks' internal IT systems to derive reports demanded by supervisory authorities, like the ECB. In this report, I will provide a basis for understanding the work undertaken in the team, focussing of the technical aspect of relational database modelling and metadata repositories and their role in big data analytical processing systems, current reporting requirements and methods used by the central banking institutions, which coincide with the processes set out by the European Banking Authority (EBA). This report will also provide an in-depth look into the structure of the database, as well as the principles followed to create the data model. It will also document the process of how the SDD is maintained and updated to meet changing needs. The report also includes the process undertaken by the BIRD team and supporting members on the banking community to introduce new reporting frameworks into the data model. During this period, the framework for the Financial Reporting (FinRep) standards was included, through a collaborative effort between banking representatives and the master and metadata team

An Evaluation Model for Financial Reporting Supply Chain Using DEMATEL-ANP

published_or_final_versionThe 9th International Conference on Digital Enterprise Technology (DET 2016): Intelligent Manufacturing in the Knowledge Economy Era, Nanjing, China, 29-31 March, 2016, In Procedia CIRP, 2016, v. 56, p. 516-51

XBRL implementation methods in COREP reporting

Objectives of the Study: The main objective of this study is to find out the XBRL adoption methods for European banks to submit COREP reports to local FSAs and to explore transitions in these methods. Thus, the goal is to find patterns from the transitions in XBRL implementation methods. The study is exploratory, as there is no earlier literature about XBRL implementation methods in COREP reporting or from XBRL implementation method transitions in any field. Additionally, this thesis has developed a useful framework for examination of technology adaption methods, transitions in technology adaption methods and patterns in technology adaption methods' transitions. Academic background and methodology: Academic background includes general earlier XBRL related literature, explaining the major benefits and attributes for companies using XBRL, XBRL usage around the world and discussing the implementation strategies that companies may use to adopt XBRL into their organizational processes. It also presents the basic elements of COREP reporting. Additionally, the incremental vs radical change in technology adoption is adopted to this research as it brings valuable addition to the framework. The theoretical framework is built on the XBRL implementation strategies, on pieces from XBRL related literature and on the model of technology adoption. The methodology consists of multiple case study with qualitative data collected through questions distributed via online tool and internet telephone interview with voluntary bank representatives around Europe. This data is analyzed with comparative case analysis/cross-case analysis. Findings and conclusions: Findings confirm only one of the four propositions thoroughly. Propositions are presented in the theoretical part of the thesis. Results support the proposed theoretical framework, although XBRL have not yet matured deeply into banking industry's legacy systems in Europe. Respondents had clear opinions on methods they are using and the XBRL attributes. Four of the seven attributes arise as more valuable to respondents than other three attributes, meaning that respondents' opinion differed from earlier literature

Current economic crisis: Accounting issues and risks for financial management and reporting - 2009; Financial reporting alert

https://egrove.olemiss.edu/aicpa_indev/2116/thumbnail.jp