The application of XBRL in the financial reporting system based on value chain accounting

Abstract

In order to solve the problems of the financial reporting system based on value chain accounting, we introduces the eXtensible Business Reporting Language(XBRL), the XBRL technology which is based on XML, mainly used in the standardization of business information processing, value chain-accounting research on the enterprise value information and its deep-rooted relations behind. As the ultimate outcome of the value chain accounting, accounting information meets various needs of different users, providing most valuable information for investment and decision-making, XBRL standardization of information processing and integration can be very good to meet these needs. Therefore, it is necessary to integrate XBRL technology into value chain accounting.