Requirements for Accounting Disclosure on the Internet in the Modern Investment Environment

Abstract

The study dealt with clarifying the importance of accounting information that can be
disclosed to the parties that can benefit from it in making decisions related to the modern
investment environment and the elements it requires to achieve its objectives in the light of the
information technology environment, especially with regard to communication technologies that
represent the Internet as one of its most important technologies. determining a set of ingredients
through which it is possible to carry out accounting disclosure on the Internet and contribute to
achieving greater effectiveness of the accounting information system in the modern investment
environment, technology, electronic (real-time) accounting measurement, and the adoption of
XBRL, the Extensible Business Reporting Language.
The study concluded that accounting disclosure on the Internet represents one of the methods of
accounting disclosure that depends on the possibility of benefiting from the means of modern
communication techniques in presenting and communicating the results of the work carried out by
the company to the relevant authorities, through a set of financial statements and reports attached to
them with all the accounting information. which can be viewed by these parties and used in making
their various decisions, and given the continuity of developments that occur in information
technologies, which leads to the emergence of more easy-to-use methods, and the expansion of the
use of information technologies with the expectation of multiplicity of applications in the field of
user interest, as well as the general trend of companies to transform In terms of electronic business
in general, including accounting work, it can be said that accounting disclosure on the Internet may
be mandatory in the near future.