BUSINESS REPORTING LANGUAGE - A SURVEY WITH THE ALBANIAN COMPANIES AND INSTITUTIONS

Rezarta Shkurti (Perri) (), Dionisa Allko () and Elfrida Manoku ()
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Rezarta Shkurti (Perri): University of Tirana
Dionisa Allko: Raiffeisen Bank, Berat, Albania
Elfrida Manoku: University of Tirana

Journal of Information Systems & Operations Management, 2017, vol. 11, issue 1, 01-16

Abstract: Financial reporting is a crucial element in providing long term success to a business or an institution. One of the newest concepts which have already gained credibility amongst business environment is the Extensible Business Reporting Language, XBRL. Through this paper we try to analyze the current status of XBRL in Albania, and to give an overview of how much this concept is known by the accountants and auditors in our country. We conduct a survey to collect their opinions and we find that they mostly get information about new concept in accounting and/or auditing from after graduating studies than from professional trainings offered by the accounting/auditing associations. We also find that the respondents consider XBRL to have a lot of potential benefits but they also know it may be too costly to be implemented by the companies they work with. Regarding the current status of XBRL in Albania, we find that none of the companies, organizations or institutions has started to implement or plan to do it in the near future.

Keywords: XBRL; financial reporting (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rau:jisomg:v:11:y:2017:i:1:p:01-16

DOI: 10.5281/zenodo.21823820

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