Exploring XBRL-Based Reporting System: A Conceptual Framework for System Adoption and Implementation
XBRL has been established as a financial reporting standard in the last 15 years. Many countries already adopting XBRL-based reporting system. In some countries it mandated by the government and for the other voluntary. IT adoption and implementation alre
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Faculty of Technology, Policy and Management, Delft University of Technology, Delft, Netherlands {D.Praditya,n.bharosa,M.F.W.H.A.Janssen}@tudelft.nl, [email protected]
Abstract. XBRL has been established as a financial reporting standard in the last 15 years. Many countries already adopting XBRL-based reporting system. In some countries it mandated by the government and for the other voluntary. IT adoption and implementation already existed as a separate process. To get more comprehensive analysis, this article aims to propose a unified conceptual model for IT adoption and implementation processes. A literature review on interorganizational system (IOS) was conducted to reach that objective. This resulted in a conceptual framework represented by factors influencing adoption and imple‐ mentation, levels of adoption and arrangement of the system. This framework will be used in further empirical study of XBRL reporting system or in broader, analysing the implementation of inter-organizational system. Keywords: XBRL · IT/IS adoption · IT/IS implementation · Conceptual framework · Inter-organizational system · Information sharing
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Introduction
Companies need to report various types of information, for example tax, statistical, inspection or annual statements regularly to several government agencies. This causes an increase on the amount of work on both sides. Processing a huge number of reports from businesses can be challenging, time consuming and error-prone for governments [1]. On another side, there is a high cost for enterprises for preparing several different reports and sometimes reproducing the same or partially already created data in various formats. Recently, organizations are able to share information with each other [2] due to the advancement of information and communication technology (ICT). The approach in exchanging data is shifting from bilateral information exchange to more advanced system, and this beneficial for private and public sector. One of the examples of such system is XBRL-based reporting system. XBRL, an acronym of eXtensible Business Reporting Language, is an open standard to report financial and business information electronically [3] that enable the preparation, publi‐ cation, exchange, and analysis of the financial and business statement [4]. Since intro‐ duced in the early 2000, XBRL has been already implemented in several countries such © IFIP International Federation for Information Processing 2016 Published by Springer International Publishing Switzerland 2016. All Rights Reserved Y.K. Dwivedi et al. (Eds.): I3E 2016, LNCS 9844, pp. 305–316, 2016. DOI: 10.1007/978-3-319-45234-0_28
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as the Netherlands [5], Australia [6], the United States [7], the United Kingdom [8], China [9], India [10], South Korea [11], Israel [12], Saudi Arabia [3] and Italy [13]. Perdana et al. [14] summarized potential effects of XBRL and divided the effects into three aspects: (1) accounting, (2) auditing, and (3) decision-making process. These affect three different part
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