Publisher

WESTSCIENCESWESTSCIENCES

Journal Jurnal Akuntansi Dan Keuangan West ScienceJurnal Akuntansi Dan Keuangan West Science Abstract

Pelaporan keuangan digital tidak dapat diimplementasikan tanpa mempertimbangkan kapasitas logika komputer untuk memproses ruang lingkup informasi akuntansi yang luas dan sangat spesifik. Hal ini dicapai melalui pengembangan taksonomi yang mampu mengklasifikasikan data tentang data (metadata) secara akurat. Masalah muncul ketika emiten publik diizinkan untuk menentukan apa yang harus dilaporkan dan bagaimana melaporkannya di bawah akuntansi berbasis prinsip. Dalam konteks ini, taksonomi yang ditujukan untuk menstandarisasi pelaporan keuangan bertentangan dengan penerapan akuntansi berbasis prinsip, yang menekankan fleksibilitas dalam setiap aspek pelaporan.

Conclusion

The research we conducted generally indicates that the implementation of XBRL represents a disruption to corporate financial reporting practices.The most significant impact of this implementation lies in the phenomenon where corporate management indirectly participates in allocating metadata in the form of taxonomy.The fundamental assumption held by regulators in promoting the implementation of XBRL is that there is no technological intervention in accounting standards, which serve as the primary basis for corporate financial reporting.Our research offers an alternative perspective, suggesting that the adoption of XBRL, which involves technological aspects, can influence issuers compliance with financial reporting practices.Those developing the taxonomy in XBRL are expected to create an accounting model that not only represents the actual condition of companies but also maintains universality and clarity.

Future Research

Based on the findings and discussions presented in the paper, here are three suggestions for further research and development: Firstly, there is a need to explore the potential of XBRL in enhancing the quality and transparency of financial reporting, especially in terms of comparability and relevance. This can be achieved by examining the impact of XBRL on the accuracy and consistency of financial disclosures, as well as its ability to provide a standardized framework for reporting. Secondly, it is crucial to investigate the challenges and opportunities presented by the integration of XBRL with existing accounting standards. This involves analyzing the compatibility of XBRL with different accounting practices and exploring ways to harmonize the two systems effectively. Lastly, further research should focus on the role of XBRL in improving corporate governance and reducing information asymmetry. By examining the impact of XBRL on investor decision-making and its potential to enhance transparency and accountability, we can better understand its contribution to the overall efficiency of financial markets.

References

1. Metadata accounts: Achieving data and evidence in scientific research - Matthew S Mayernik, 2019. metadata... journals.sagepub.com/doi/10.1177/0306312719863494Metadata accounts Achieving data and evidence in scientific research Matthew S Mayernik 2019 metadata journals sagepub doi 10 1177 0306312719863494

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