Information Technologies' Application in Network Financial Reporting

With economic globalization and accounting standards internationalization, financial reporting is required to disclosure of financial information in accordance with generally accepted accounting standards. The article describes the development of information technologies' application in network financial information disclosure, such as PDF, HTML, JAVA, XBRL, etc. Network financial information disclosure in China is still in the beginning stage. It is necessary that Chinese XBRL network system should be reinforced. It should be applied in accounting activities and various internal and externals financial reporting to improve information quality and reduce cost of info exchange.