XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)

In 2018, Small Medium Enterprises (SMEs) that are registered with the Companies Commission of Malaysia (SSM) in Malaysia are required to prepare their annual return using eXensible Business Reporting Language (XBRL) via Malaysian Business Reporting System (MBRS), followed by voluntary submission of...

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Main Authors: Azleen Ilias, Erlane K Ghani, Nasrudin Baidi, Rahida Abdul Rahman
Format: Article
Language:English
English
Published: 2020
Subjects:
Online Access:https://eprints.ums.edu.my/id/eprint/25989/1/XBRL%20Adoption.pdf
https://eprints.ums.edu.my/id/eprint/25989/2/XBRL%20Adoption1.pdf
https://eprints.ums.edu.my/id/eprint/25989/
https://doi.org/10.18488/journal.73.2020.82.202.214
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spelling my.ums.eprints.259892021-02-24T04:45:33Z https://eprints.ums.edu.my/id/eprint/25989/ XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS) Azleen Ilias Erlane K Ghani Nasrudin Baidi Rahida Abdul Rahman HB Economic theory. Demography In 2018, Small Medium Enterprises (SMEs) that are registered with the Companies Commission of Malaysia (SSM) in Malaysia are required to prepare their annual return using eXensible Business Reporting Language (XBRL) via Malaysian Business Reporting System (MBRS), followed by voluntary submission of financial reports and statements in 2019. This study seeks to explore if practitioners are aware of and fully understand MBRS. This study also investigates the level of MBRS preparation among the companies. In addition, this study examines the practitioners‟ readiness, intention to use and experience in using MBRS. Finally, the factors influencing MBRS adoption among the practitioners will be examined. Using a questionnaire survey as the research instrument, the data shows that there are improvements to be made in regards to the understanding, readiness and intention to use the MBRS which is requirement by SSM. Additionally, this study shows how optimism, innovativeness, discomfort and insecurity influence the intention to use MBRS in the future. The finding indicate that an XBRL adoption via MBRS received a more positive response from the practitioners and hence, signals a possible successful XBRL adoption in Malaysia. This in turn, ensures the stakeholders a high quality financial reporting. 2020 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/25989/1/XBRL%20Adoption.pdf text en https://eprints.ums.edu.my/id/eprint/25989/2/XBRL%20Adoption1.pdf Azleen Ilias and Erlane K Ghani and Nasrudin Baidi and Rahida Abdul Rahman (2020) XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS). Humanities and Social Sciences Letters, 8 (2). pp. 202-214. ISSN 2312-4318 https://doi.org/10.18488/journal.73.2020.82.202.214
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HB Economic theory. Demography
spellingShingle HB Economic theory. Demography
Azleen Ilias
Erlane K Ghani
Nasrudin Baidi
Rahida Abdul Rahman
XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)
description In 2018, Small Medium Enterprises (SMEs) that are registered with the Companies Commission of Malaysia (SSM) in Malaysia are required to prepare their annual return using eXensible Business Reporting Language (XBRL) via Malaysian Business Reporting System (MBRS), followed by voluntary submission of financial reports and statements in 2019. This study seeks to explore if practitioners are aware of and fully understand MBRS. This study also investigates the level of MBRS preparation among the companies. In addition, this study examines the practitioners‟ readiness, intention to use and experience in using MBRS. Finally, the factors influencing MBRS adoption among the practitioners will be examined. Using a questionnaire survey as the research instrument, the data shows that there are improvements to be made in regards to the understanding, readiness and intention to use the MBRS which is requirement by SSM. Additionally, this study shows how optimism, innovativeness, discomfort and insecurity influence the intention to use MBRS in the future. The finding indicate that an XBRL adoption via MBRS received a more positive response from the practitioners and hence, signals a possible successful XBRL adoption in Malaysia. This in turn, ensures the stakeholders a high quality financial reporting.
format Article
author Azleen Ilias
Erlane K Ghani
Nasrudin Baidi
Rahida Abdul Rahman
author_facet Azleen Ilias
Erlane K Ghani
Nasrudin Baidi
Rahida Abdul Rahman
author_sort Azleen Ilias
title XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)
title_short XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)
title_full XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)
title_fullStr XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)
title_full_unstemmed XBRL Adoption: An Examination on the Malaysian Business Reporting System (MBRS)
title_sort xbrl adoption: an examination on the malaysian business reporting system (mbrs)
publishDate 2020
url https://eprints.ums.edu.my/id/eprint/25989/1/XBRL%20Adoption.pdf
https://eprints.ums.edu.my/id/eprint/25989/2/XBRL%20Adoption1.pdf
https://eprints.ums.edu.my/id/eprint/25989/
https://doi.org/10.18488/journal.73.2020.82.202.214
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score 13.154949