Construction of the new network financial reporting model based on the event accounting theory and XBRL

Abstract

To construct the new network financial reporting model, the paper discusses the principles and elements of new network financial reporting mode. Based on the event accounting theory and XBRL (e Xtensible Business Reporting Language) database, the paper collects overall data on business transaction, centralizes accounting data formats and standards, precise and dynamic data. The successful construction of new network financial reporting model necessarily passes process: structing two-tier XBRL classification database, developing definable program modules, providing interactive tools and other specific steps and processes.