DEVELOPMENT OF ACCOUNTING, ANALYTICAL AND CONTROL TOOLS BASED ON XBRL TECHNOLOGIES

Abstract

Global automation of activity of business entities and wide application of accounting information systems allows to consider them as an analytical platform for compilation of reports and quality control of forming data. The article devoted to consideration of the problematic issue of development of accounting, analytical and control tools using XBRL (eXtensible Business Reporting Language) technologies. The study of the possibilities of implementing XBRL to increase transparency of reporting and optimize procedures for monitoring the activities of economic entities of the Russian Federation was carried out on the basis of a comprehensive analysis of international experience, since the expanded extensible business reporting language provides the opportunity to create documents and further their placement on the Internet for the convenience of use by all stakeholders. The experience of the internationally recognized company Fujitsu has highlighted the advantages of implementing XBRL taxonomies, so its adaptation is recommended to increase transparency of reporting and optimize control procedures of Russian companies. The author proposes to use XRBL taxonomies to develop the functions and control tools used by external and internal supervisory authorities, as well as to form an integrated control system formed on the basis of COSO principles and including a risk and control matrix (RCM). The development of accounting, analytical and control methods based on XBRL taxonomies will ensure transparency of financial and non financial data for investors, creditors, shareholders, suppliers and other interested users (stakeholders) of information data