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ERIC Number: ED518796
Record Type: Non-Journal
Publication Date: 2010
Pages: 152
Abstractor: As Provided
Reference Count: N/A
ISBN: ISBN-978-1-1242-6648-0
Adopting Extensible Business Reporting Language (XBRL): A Grounded Theory
Cruz, Marivic
ProQuest LLC, D.M. Dissertation, University of Phoenix
In 2007 and 2008, government challenges consisted of error prone, manually intensive, and inefficient environments for financial reporting. Banking regulators worldwide faced issues with respect to transparency, timeliness, quality, and managing risks associated with accounting opacity. The general problem was the existing reporting standards and unscrupulous practices affect the generally accepted accounting principles (GAAP) accounting and the SEC reporting. The purpose of this study was to explore the role and benefits of XBRL, a technological innovation that can transform records in financial statements into interactive and actionable information through Internet technology for corporate managers and financial professionals. Grounded theory qualitative research was used to examine the connections between the financial processes in organizations and the cultural context in which the organizations exist. The target population was limited to the U.S.-based foreign and domestic financial institutions, and 16 participants were accommodated in this study. The data findings provided the discovery of four emergent theories: (a) The benefits of XBRL; (b) The challenges associated with XBRL; (c) The perceived benefits and challenges associated with the adoption of XBRL; and (d) For a successful implementation of XBRL, the salient issues that need to be resolved. The analysis interpreted multiple themes; yet, there is no one ultimate or correct interpretation. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page:]
ProQuest LLC. 789 East Eisenhower Parkway, P.O. Box 1346, Ann Arbor, MI 48106. Tel: 800-521-0600; Web site:
Publication Type: Dissertations/Theses - Doctoral Dissertations
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United States