FINANCIAL REPORTING IN A EUROPEAN SINGLE ELECTRONIC FORMAT

Cati-Loredana DUMITRU (soare) ()
Additional contact information
Cati-Loredana DUMITRU (soare): Valahia University of Târgoviște, Doctoral School, Târgoviște, Romania

Annals of Faculty of Economics, 2022, vol. 2, issue 2, 103-108

Abstract: Companies with securities traded on a regulated market prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and must take into account the European Single Electronic Format (ESEF) reporting requirement. was postponed by one year in 2021, coming into force for the reporting period beginning on or after the 1st of January 2021. Therefore, according to the European regulatory framework, sole proprietorships that have securities traded on a regulated market must prepare in full the annual financial statements in the Extensible Hypertext Markup Language (xHTML) format. This article aims to show what ESEF reporting is and the eXtensible Business Reporting Language (XBRL), which are the benefits of digital business reporting and the opportunities that arise from using XBRL.

Keywords: digitization; XBRL; IFRS; financial reporting; Single European Format; digital accounting (search for similar items in EconPapers)
JEL-codes: M40 M41 M42 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://anale.steconomiceuoradea.ro/volume/2022/n2/010.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2022:i:2:p:103-108

Access Statistics for this article

More articles in Annals of Faculty of Economics from University of Oradea, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Catalin ZMOLE ( this e-mail address is bad, please contact ).