The Need for Semantic Interoperability in the Financial Information Supply Chain
Organizations today may operate in a geographically distributed and heterogeneous environment. But the need to exchange dependable information with unfamiliar entities for venture capital investment or cooperation in a supply chain is increasing. As a result the interoperability of an information system (IS) has become a critical issue. Heterogeneity in information and data sources poses particular challenges in the area of financial reporting because of increasing reporting requirements and need for greater efficiency. EXtensible Business Reporting Language (XBRL) has been proposed and adopted as the standard financial reporting language in this context of increasing business partnering, mounting pressure for regulatory compliance, and need for greater efficiency. XBRL is a technology designed to facilitate the preparation, publication, sharing, exchange, and analysis of financial statements and the information they contain. It promises to promote standardization in reporting, incorporate regulatory rules, and facilitate automated filing, extraction, and analysis of financial data. However, there exist several obstacles to true semantic interoperability in XBRL-based financial reporting systems. This paper describes these weaknesses and discusses the role of ontology in improving semantic interoperability in financial reporting.
XBRL ontology semantic interoperability financial information supply chain
Jian Guan Alan S. Levitan Randy Kuhn
College of Business, University of Louisville, Louisville, KY USA
国际会议
The Ninth Wuhan International Conference on E-Business(第九届武汉电子商务国际会议)
武汉
英文
1050-1055
2010-05-29（万方平台首次上网日期，不代表论文的发表时间）