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Using XBRL to Transform Existing Financial Statements into the Proposed Presentation Format

Mustang Journal of Accounting and Finance, 2013

32 Pages Posted: 24 Apr 2010 Last revised: 6 Aug 2014

Zane L. Swanson

University of Central Oklahoma

Olga Miranova

University of Central Oklahoma

Date Written: August 8, 2010

Abstract

The study presents a methodology utilizing extensible business reporting language (XBRL) to transform the traditional presentation format of financial statements into the format that the International Accounting Standards Board and the U.S. Financial Accounting Standards Board have proposed. The analysis reviews the subject matter, including the proposed presentation standard, applicable XBRL background, and a general development of the transformation process. Then, the study illustrates the process by applying the methodology to the financial statements of a specific company. Finally, the study highlights the major points of the analysis and suggests future directions for the research in the area. Latest version available in Mustang Journals.

Keywords: Presentation, Standard, XBRL, Transformation

JEL Classification: M40, G10, C80

Suggested Citation

Swanson, Zane L. and Miranova, Olga, Using XBRL to Transform Existing Financial Statements into the Proposed Presentation Format (August 8, 2010). Mustang Journal of Accounting and Finance, 2013. Available at SSRN: https://ssrn.com/abstract=1595122 or http://dx.doi.org/10.2139/ssrn.1595122

Zane L. Swanson (Contact Author)

University of Central Oklahoma ( email )

100 North University Drive
Edmond, OK 73034
United States

Olga Miranova

University of Central Oklahoma ( email )

100 North University Drive
Edmond, OK 73034
United States

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