International Journal of Computer Applications |
Foundation of Computer Science (FCS), NY, USA |
Volume 184 - Number 21 |
Year of Publication: 2022 |
Authors: Mohamed Fathy Yehia, Mohamed Ibrahim Mare'y, Samir Abo El-Fotouh Saleh |
10.5120/ijca2022922251 |
Mohamed Fathy Yehia, Mohamed Ibrahim Mare'y, Samir Abo El-Fotouh Saleh . A Proposed Model for Generating a Financial Report based on Integration between ERP Systems and (XBRL) Language. International Journal of Computer Applications. 184, 21 ( Jul 2022), 72-76. DOI=10.5120/ijca2022922251
The main idea of the study is how XBRL will increase financial information integrity for creditors and investors? In XBRL, identification tags are assigned to data objects so, computer software can handle them effectively. XBRL is simple to extend and may be utilized on a variety of platforms, software formats, and technologies. These XBRL features make the complicated and ever-changing financial reporting process more efficient and cost-effective. As a result, it's gaining in popularity in public financial reporting. ERP systems with built-in XBRL tagging and standard mapping functionalities may eliminate repetitive data and data mistakes, as well as increase overall XBRL pre-filing information quality. However, accountants' lack of knowledge and comprehension of XBRL may have an impact on its implementation in ERP systems. The training costs involved with implementing an ERP system are expensive.