and acceptance（和验收）.pdf

Rochester Institute of Technology RIT Scholar Works Articl s 2006 XBRL : Origins, implementation and acceptance Phillip Kloeden Follow this and additional works at : http://scholarworks.rit. du/articl R comm nd d Citation Klo d n, Phillip, XBRL : Origins, impl m ntation and acc ptanc (2006). Acc ss d from http://scholarworks.rit. du/article/1626 This Article is brought to you for fr e and op n acc ss by RIT Scholar Works. It has b n acc pt d for inclusion in Articl s by an authoriz d administrator of RIT Scholar Works. For more information, pl ase contact ritscholarworks@rit. du. XBRL: ORIGINS, IMPLEMENTATION AND ACCEPTANCE Phillip A. Kloeden Paper Submitted to Dr. Khondkar Karim for fulfillment of course requirements for Corporate Financial Reporting I – 0101 704 E. Philip Saunders College of Business - RIT Winter Quarter 2005-2006 ABSTRACT A brief overview of the origins of modern accounting are examined with it’s genesis in the Italian Renaissance. During this time period, trade and commerce expanded and new methods for tracking and recording transactions became necessary. Double entry bookkeeping was first documented by Luca Pacioli in 1458. Innovative Italian merchants and scholars of this time period have become known as the fathers of modern accounting. eXtensible Business Reporting Language (XBRL) is currently the revolutionizing concept in the modern accounting world. Originally, known as Extensible Financial Reporting Markup Language (XFRML) in 1998, it was a prototype language created by the early users of eXtensible Markup Language (XML). The origins of XBRL will be examined in greater detail as the paper progresses, as well as, some of the underlying framework