IIMS Journal of Management Science

Perception of Companies on XBRL Reporting: A Factor Analytical Study

Divya Verma Gakhar¹

First Published 1 Jun 2022. https://doi.org/10.5958/0976-173X.2018.00006.4

Article Information

Volume 9, Issue 1 January-April, 2018

¹Dr. Divya Verma Gakhar currently working as Assistant Professor, University School of Management Studies, Guru Gobind Singh Indraprastha University, Sector 16 C, Dwarka, New Delhi, India. He can be reached at divya.ipu@gmail.com

Abstract

XBRL (eXtensible Business Reporting Language) allows companies to communicate their annual financial statements in a standard online format which is user friendly and provide information to all stakeholders. It also allows companies to integrate globally. In India, XBRL implementation is at initial stages. This study analyses the perception of Indian companies about the future of XBRL in India. The results of factor analysis show that XBRL reporting improves the reliability of information, changing the environment and promotes global competition.

Keywords

Factor analysis, IFRS, Ind AS, Internet disclosure, Stakeholder perception, Web-based reporting, XBRL

JEL Classification Code: M410

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