Abstract:

The development of financial statement has experienced more than one hundred years.In early days the balance sheet was the only financial statement.With expansions of social economy and technology the income statement and the cash flow statement, respectively, became the second and third financial statements.And the extensive business reporting language (XBRL) is coming into being, which is employed to display the financial statement on the Internet.

Key words: financial statement, future financial statement, extensive business reporting language