International Journal of Finance & Managerial Accounting

International Journal of Finance & Managerial Accounting

Implementing a Financial Reporting Model under the Web-Based Financial Reporting

Document Type : Original Article

Authors
Sara makvandi 1
Bahareh Banitalebi Dehkordi 2
Hamid Reza Jafari 3
1 Phd Student Department of Accounting, Shahrekord Branch, Islamic Azad University, Shahrekord, Iran.
2 Assistant Prof. , Department of Accounting, Shahrekord branch, Islamic Azad University, Shahrekord, Iran
3 Assistant Prof. , Department of Accounting, Shahrekord branch, Islamic Azad University, Shahrekord,
10.30495/ijfma.2023.68997.1900
Abstract
Web-based financial reporting language is considered as a standard in order to prepare, establish, exchange, and analyze information through the Internet. Therefore, financial reporting through the information disclosure on the Internet will lead to a better understanding of financial statements by users, which will increase the financial reporting readability. Therefore, this research aimed to provide a comprehensive index to measure implementing web-based financial reporting and to examine the effect of the current model on the company's financial reporting readability since 2007 to 2019. The assessment of the web-based financial reporting implementation model was through a questionnaire distributed among 60 experts from professors and financial managers, who had experience in the research field. Also, confirmatory factor analysis was used in order to measure the relationship between the latent variable of implementing web-based financial reporting and its measurement items. Results showed that the proposed model is a suitable indicator for the implementation of web-based financial reporting. Also, web-based financial reporting increased the financial reporting readability
Keywords
Implementing web-based financial reporting
Fog index
readability of financial reporting
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