The Expectation of Perceived Benefit of Extensible Business Reporting Language (Xbrl): A Case in Malaysia

By Ilias, Azleen; Razak, Mohd Zulkeflee Abd et al. | The Journal of Developing Areas, January 1, 2015 | Go to article overview

The Expectation of Perceived Benefit of Extensible Business Reporting Language (Xbrl): A Case in Malaysia


Ilias, Azleen, Razak, Mohd Zulkeflee Abd, Rahman, Rahida Abdul, The Journal of Developing Areas


INTRODUCTION

The financial and non-financial information is usually distributed and disseminated by digital reporting formats. The well-known digital reporting formats are the Portable Document Formats (PDFs) and Hypertext Mark-up Language (HTML), which are exactly the same as the printed version. Currently, there is a new development in reporting format technology, which is known as eXtensible Business Reporting Language (XBRL). XBRL is an advanced technology and an extension to communicate corporate reporting in a structured manner in order to be understood and received across borders. The XBRL is a more effective reporting technology format compared to PDF and HTML. Cox (2006) from the U.S. Securities and Exchange Commission had agreed that the interactive data would be provided by a new reporting technology, which has the capability of real-time reporting and real-time analysis. Charles Hoffman is the founder of XBRL and started it in 1998. He has been called 'the father of the digital language of business'. Extensible Business Reporting Language (XBRL) is a global standard for business reporting. Charles Hoffman had started the XBRL after he found that the eXtensible Markup Language (XML) could be used for presenting financial statements and auditing purposes. During that time, the AICPA (American Institute of Certified Public Accountants) was the key organization for developing the XBRL international standard, particularly for business reporting (Hoffman, 2006). In this research, it is important to understand the concept of a new reporting technology and the way XBRL will provide an interactive data. The awareness and intention to adopt the XBRL will be resumed effectively once users, preparers and regulators are able to understand the whole concept of XBRL.

THE PERCEPTION OF THE EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL)

Perception is considered as important matter to be study for XBRL implementation. Perception on the expectation of benefits, awareness, understanding and acceptance of XBRL carried a lots of mixed findings for example Pinsker (2003) had also tested perceived benefits, which researcher found that respondents did not perceive benefits, job performance or usefulness pertaining to the adoption of XBRL. Beside the perception on the the important of XBRL for financial reporting for example Nel & Steenkamp (2008) had evaluated the perception of relevance, impact, the perceived ease of use, benefits and risks of XBRL instead of measuring accountants' understanding because of the low level of implementation and understanding. In other hand, Venkatesh & Armitage (2012) had investigated the perception of the importance of assurance criteria on XBRL financial statements such as assurance on the accuracy, completeness, existence, proper taxonomies, proper extensions, valid extensions and validity and being well formed. Researchers had found that there was importance of assurance and provided some clear understanding of the criteria in order to provide assurance. The perception is the stage of acceptance where stakeholders perceived the importance and relevance to accept and implement. In this phase, the researchers focused on the impact on stakeholders whenever the XBRL had been adopted by an organization.

RESEARCH METHODOLOGY

Samples and Data Collection

Researchers had called on all firms and relevant respondents involved in using and preparing business reports, especially in the Kuala Lumpur and Selangor area. The information on the firms was obtained from the representative of the Malaysian Institute of Accountants (MIA), Malaysian Yellow Pages and by approaching the attendees of MIA courses and conferences. The researchers found about 1200 potential respondents and eventually 650 potential respondents had agreed to provide some feedback. Thus, about 650 potential respondents were identified and had received a set of questionnaires; however, only 350 respondents from various job descriptions had successfull y completed the questionnaires and returned them. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

The Expectation of Perceived Benefit of Extensible Business Reporting Language (Xbrl): A Case in Malaysia
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.