A semantics-supported XBRL model for enterprise total cost analysis system

The field of financial cost analysis and decision is a conceptually rich domain where information is complex, huge in volume and a highly valuable business product by itself. The eXtensible Business Reporting Language is an XML vocabulary designed to simplify the automation of exchanging financial information, and to enable the automatic extraction of financial and cost information by software applications. However, there exist some important limitations in the current version of the XBRL specification, more insightful semantics and a sharper level of representation are required to describe and exploit complex information. In this paper, we design a semantics-supported XBRL model and develop a Service Oriented Architecture (SOA) based system architecture for enterprise total cost analysis and decision in collaborative manufacturing environment by adopting Semantic Web technologies and standards. The extended model can provide more insightful semantics and a sharper level of representation for financial cost management and analysis.