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dc.contributor.authorFaboyede, Samuel-
dc.contributor.authorNwobu, Obiamaka-
dc.contributor.authorAkande, Oladimeji-
dc.contributor.authorOladipo, Olufemi-
dc.identifier.citationFaboyede, S., Nwobu, O., Akande, O., & Oladipo, O. (2016). Extensible Business Reporting Language (XBRL) : a tool for accounting education in the 21st century. Journal of Accounting, Finance and Auditing Studies, 2(3), 85-97.en_GB
dc.description.abstract21st century education standards focus on 21st century skills, content knowledge and expertise. Technology advances such as eXtensible Business Reporting Language (XBRL) have revolutionized the way information is exchanged and the way business is conducted. These days, speed is of the essence and loss of accuracy, lack of transparency, and difficulty in analysis are increasingly becoming apparent risks. This research exposes XBRL as a phenomenon that represents the future of global accounting education. It discusses the concept and need for XBRL as well as its potential uses and challenges. The research found that there is an ongoing transformation in the way business is conducted and regulated world-wide. The onslaught of the information revolution has profound ramifications for corporate reporting information preparers and users. It therefore recommends that the greater the degree of collaboration between all participants in the financial information supply chain, including government regulators and public sector accountants, the greater the benefits that this information format enables for all participants, educationists, academics, companies, regulators, investors, and government agencies alike.en_GB
dc.publisherAhmet Gökgözen_GB
dc.subjectAccounting -- Educationen_GB
dc.subjectFinancial statements -- Computer programsen_GB
dc.subjectFinancial statements -- Data processingen_GB
dc.subjectXBRL (Document markup language)en_GB
dc.subjectDocument markup languagesen_GB
dc.titleExtensible Business Reporting Language (XBRL) : a tool for accounting education in the 21st centuryen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleJournal of Accounting, Finance and Auditing Studiesen_GB
Appears in Collections:Journal of Accounting, Finance and Auditing Studies, Volume 2, Issue 3
Journal of Accounting, Finance and Auditing Studies, Volume 2, Issue 3

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