An Analysis of XBRL Adoption in India Using Technology Acceptance Model

Extensible Business Reporting Language (XBRL) reporting is gaining momentum as a medium of digital financial reporting. It is a metalanguage, based on Extensible Markup Language (XML) and used as electronic communication of business information. The primary purpose of XBRL is to facilitate the preparation, publishing, exchange, and analysis of financial statements. It enhances the efficiency of financial reporting and accuracy, timeliness and reliability of financial data. But many Indian companies are still resisting implementing it internally. The present study analysed the financial expert perception in respect of acceptance of XBRL as reporting method by using Technology Acceptance Model (TAM). The result uncovered that using XBRL increases work productivity but technological complexities make it difficult to accept. The study has implications for Indian firm reporters, auditors, government and also for other stakeholders to better understand the XBRL implementation and adoption