Academics Use of XBRL Data

The Financial Accounting Standards Board (FASB) recognizes and appreciates the academic community’s critical role in accounting education and research. The FASB is committed to educating the academic community about using eXtensible Business Reporting Language (XBRL) data and structured data more broadly.
 

XBRL Training Programs for Academics


The FASB Taxonomy XBRL Team has been working with members from the academic community to create training programs to help bridge the knowledge gap and improve the use of XBRL data in academic research and in the classroom. The objective of these programs is to increase the use of XBRL data and expand the supply of relevant academic research.
 

Program Presentations at the American Accounting Association

XBRL in the Classroom Program


This program is designed for academics interested in teaching XBRL in their classrooms. It teaches academics about XBRL and the US GAAP Financial Reporting Taxonomy structure. Topics covered include: (1) how to teach XBRL in the classroom; (2) how to leverage XBRL to showcase real-world examples of company disclosures (particularly useful for financial accounting classes); and (3) how to leverage XBRL data to integrate data analytics and technology into the classroom.

Learn more on how to use XBRL data in the classroom:


Christine Tan, Co-Founder and Chief Research Officer of idaciti and Associate Professor in Accounting at Hunter College-City University of New York provides an overview of how to teach XBRL in the classroom.
Courtesy: AAA 2021 Financial Accounting and Reporting Section Virtual Midyear Meeting.

 

XBRL in Academic Research Program


This program is designed for academics interested in using XBRL data in their research. It teaches academics how to use XBRL data for a detailed data set of financial statements and footnotes for research. It covers XBRL’s advantages over typical data sets, general research questions XBRL data can help answer, challenges to consider when cleaning data, and several possible data sources. Using discussion and hands-on exercises during the session, participants learn the basics of XBRL data collection and areas to focus on when using the data for research.

Learn more on how to use XBRL data in academic research:


Elizabeth Blankespoor from the University of Washington provides an overview of how to use XBRL data in academic research.
Courtesy: AAA 2021 Financial Accounting and Reporting Section Virtual Midyear Meeting.

 

FASB Taxonomy (XBRL) Resources

 
Introduction to XBRL-Brief introductory video about XBRL and the U.S. GAAP Financial Reporting Taxonomy
All elements available in the US GAAP Financial Reporting Taxonomy with search and commenting capabilities at the FASB Taxonomy Online Review and Comment System (TORCS). Development Taxonomy
Accounting Standards Codification with corresponding Taxonomy elements Accounting Standards Codification
Taxonomy Frequently Asked Questions Taxonomy FAQ
Taxonomy Site Map FASB XBRL Site Map
Additional XBRL Projects and Resources Additional XBRL Projects and Resources
 
If you have general questions about XBRL, please send your comments directly to xbrlweb@fasb.org.
 

Opportunity for Academics to Participate in XBRL Taxonomy Advisory Group


The FASB Taxonomy Staff is interested in increasing academic participation in the XBRL Taxonomy Advisory Group (an Industry Resource Group of the FASB). For more information, please visit the Taxonomy Advisory Group Page on the FASB Website.
 

XBRL Contact Information


If you would like more information about XBRL, please contact:

Melissa Nicholson
Supervising Project Manager-XBRL
Financial Accounting Standards Board
401 Merritt 7
P.O. Box 5116
Norwalk, CT 06856-5116
Phone: (203) 956-5226
Fax: (203) 849-9714
Email: mnicholson@fasb.org