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Improving Business Usability of XBRL Based on Semantic Web Approach  

Jeon, Pyo-Jin (연세대학교 공과대학 정보산업공학과)
Lee, Myung-Jin (연세대학교 공과대학 정보산업공학과)
Kim, Woo-Ju (연세대학교 공과대학 정보산업공학과)
Hong, June-S. (경기대학교 경상대학 경영정보학과)
Publication Information
The Journal of Society for e-Business Studies / v.15, no.3, 2010 , pp. 1-23 More about this Journal
Abstract
It is crucially important to exchange and manage the financial information of an organization for the reason of complexity and diversity of information caused by its implicit information involved. Especially, according to the development of information technology, various approaches appeared to manage financial data of organization. For example, XBRL (Extensible Business Reporting Language) is one of the technologies dealing with the above criteria. Basically, XBRL is a business reporting language to define and exchange financial information, such as a financial statement of organization. XBRL is an international standard which enables the exchange of information between information providers and consumers by adding the tags involving the information of circumstantial factors of data. However, XBRL is not able to describe semantics because XBRL is fundamentally based on XML(Extensible Markup Language) having the purpose of expressing and structuring data. Therefore, this paper aims to enable semantic information to XBRL through the semantic technology. The objective of this paper is an ontologization of the knowledge to perform sharing, reusing, discovering, and inferring the knowledge described and conducted by XBRL. In order to achieve the above objective, this paper suggests the methodology for the ontologization of the category and instance document of XBRL. Furthermore, this paper points out the possibility of suggested methodology in a practical business through indicating the advantages of the knowledge described by XBRL.
Keywords
XBRL Extensible Business Reporting Language; Semantic Web; Ontology;
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Times Cited By KSCI : 1  (Citation Analysis)
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