WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 14, 2017

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 14, 2017


Analysis of Use of XBRL Based Accounting Data in Financial Research

AUTHORS: Pustylnick I., Temchenko O., Gubarkov S.

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ABSTRACT: Since Extensible Business Reporting Language (XBRL) has become a language of mandatory statements submission in the U.S., it opened new opportunities for electronic parsing and auditing of these statements. We show the example of automatic extraction of the statement data and propose the improvements to the taxonomy based on Generally Acceptable Accounting Principles (GAAP) of the USA, which may be able to improve the extraction process.

KEYWORDS: XBRL Parsing; financial statements; data extraction; data verification; XBRL data; M-Score; ZScore

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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 14, 2017, Art. #48, pp. 471-483


Copyright © 2017 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0