Journals Information
Computer Science and Information Technology Vol. 2(1), pp. 45 - 50
DOI: 10.13189/csit.2014.020105
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Critical Factors of XBRL Adoption in Nigeria: a Case for Semantic Model-Based Digital Financial Reporting
Mathias Gboyega OGUNDEJI 1, Ebenezer OLUWAKAYODE 2, Oladipupo Muhrtala TIJANI 2,*
1 72/82, Kudirat Abiola Way, Suite A1, Humuani Shopping Mall, Oregun, Ikeja, Lagos-Nigeria
2 Department of Accounting and Finance, Elizade University, Ondo-State, Nigeria
ABSTRACT
The application of Technology Acceptance Model 2 (TAM 2) has reached remarkable heights in theory and practice. However its application to recent development in corporate reporting has been limited especially in emerging economies. To address this gap, we extend the theory to eXtensible Business Reporting Language (XBRL) adoption in Nigeria from the view of external auditors in the Big Four accountancy firms. XBRL usage, its perceived usefulness, and perceived ease of use were tested with subjective norm, image, job relevance, results demonstrability, and output quality. Through the path analysis among these TAM 2 variables, the results indicated that path magnitudes were significantly altered by XBRL model acceptance. The view of respondents reflects positive effect of perceived usefulness on intention to adopt XBRL. There is strong effect of perceived ease of use on perceived usefulness. Output of data analysis also indicate positive effect of results demonstrability on perceived usefulness while output quality influences perceived usefulness as job relevance also impacts on perceived usefulness. This might suggest that if the use of XBRL delivers improved data accuracy and information transparency it is expected that users would perceive the technology as valuable. The study is the first of its kind in Nigeria to observe determinants of XBRL acceptance with regards to professional accountants in the Big Four Audit firms.
KEYWORDS
XBRL, Theory of Planned Behaviour, financial reports, professional accountants, Nigeria
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Mathias Gboyega OGUNDEJI , Ebenezer OLUWAKAYODE , Oladipupo Muhrtala TIJANI , "Critical Factors of XBRL Adoption in Nigeria: a Case for Semantic Model-Based Digital Financial Reporting," Computer Science and Information Technology, Vol. 2, No. 1, pp. 45 - 50, 2014. DOI: 10.13189/csit.2014.020105.
(b). APA Format:
Mathias Gboyega OGUNDEJI , Ebenezer OLUWAKAYODE , Oladipupo Muhrtala TIJANI (2014). Critical Factors of XBRL Adoption in Nigeria: a Case for Semantic Model-Based Digital Financial Reporting. Computer Science and Information Technology, 2(1), 45 - 50. DOI: 10.13189/csit.2014.020105.