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gnificantly increases the speed of financial data treatment, reduces the likelihood of error and permits automatic checking of information. ? Consumers of financial information, including investors, analysts, financial institutions and regulators, can receive, find, compare and analyze data much more rapidly and efficiently if it is in XBRL format (XBRL International).

Figure 1 XBRL Instance Document Generating Procedure.

Figure 1 illustrates the XBRL instance document generating procedure. The procedure starts with selecting the XBRL technical specification. By selecting and maintaining the XBRL specification, the comparability and consistency of XBRL taxonomies are valid. XBRL framework consists of XBRL taxonomy and XBRL instance documents.

2.1XBRL分类标准 —— 2.1 XBRL Taxonomy

In XBRL, all of the elements are grouped together into a collection of financial and business reporting terms, taxonomy.?  XBRL Taxonomies function as the dictionaries of elements. XBRL Taxonomies are the categorization schemes which define the particular tags for individual items of data, such as 'net profit' (XBRL International). By tagging the business information using XBRL taxonomy, the business information can be more efficiently and effectively processed, analyzed, and distributed. Also, XBRL is easily extensible. Taxonomy terms can be customized, so that firms using XBRL can generate their own elements, Extensions, to express their unique reporting situation.? By using the extensions companies and organizations can meet various special requirements. In addition to each company's own extensions, Industry Specific Taxonomies exists. The purpose of Industry Specific Taxonomies is to provide standard taxonomies that describe the industry featured items, such as 'Jet-way Landing Rights'. The Jet-way Landing Rights is an asset element for the airline companies and it addresses the unique item of airline industry.

2.2 XBRL实例文档——2.2 XBRL Instance Document

The XBRL instance document is the business facts expressed in the XBRL format. The main purpose of the instance document is to accumulate financial data tagged with elements from a referenced taxonomy for reporting and decision making intensions. In addition to presenting business 'facts,' the instance document presents some further information that is used to express the facts, such as the name of the organization, period, measurement unit, accuracy in terms of number decimal points, and whether the financial statement being reported is real or predicted. In addition, the instance document gives reference to other files on definition of business concepts, relationships with other concepts, GAAP, professional publications, footnotes, human readable labels of business concepts, and presentation styles. An instance document includes a unit for each type of measured data tagged. Currencies and shares are the most frequent examples of units of measure in financial reporting. (Srivastava 2009)

Researches in investigating the impact of XBRL-formatted financial statements in capital market

Benefits from XBRL adoption has been researched for many perspectives. XBRL allows information to be easily accessible to all users irrespective of whether they are professional users or novice users. This increases 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。