Extensible Business Reporting Language: The Future of E-Commerce-Driven Accounting

24 Pages Posted: 8 Feb 2004

See all articles by Rashmi Malhotra

Rashmi Malhotra

Saint Joseph's University

Francis Garritt

Massachusetts Association for Healthcare Quality

Abstract

XBRL, short for eXtensible Business Reporting Language, is a framework based on XML (eXtensible Markup Language) that would be freely licensed and facilitate the automatic exchange and reliable extraction of financial information among various software applications anywhere in the world. This new business reporting language should enable companies and individuals to use financial information in a much swifter and more flexible way. This article discusses the implications of this new standard on accountants, investors, analysts, risk mangers, bankers, and the financial services industry.

Keywords: HTML - HyperText Markup Language, XML - eXtensible Markup Language, XBRL - eXtensible Business Reporting Language, Accounting & Financial Reporting Systems

JEL Classification: M41, C88, G29

Suggested Citation

Malhotra, Rashmi and Garritt, Francis, Extensible Business Reporting Language: The Future of E-Commerce-Driven Accounting. International Journal of Business, Vol. 9, No. 1, 2004, Available at SSRN: https://ssrn.com/abstract=490444

Rashmi Malhotra (Contact Author)

Saint Joseph's University ( email )

5600 City Avenue,
Philadelphia, PA 19131
United States

Francis Garritt

Massachusetts Association for Healthcare Quality ( email )

Quincy, MA 02170
United States

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