Zeroing in on the Holy Grail of Global Standard Financial Reporting
Saturday, April 25, 2015 at 11:10AM
Charlie in Becoming an XBRL Master Craftsman

Computer science is, well, science.  Getting a computer to successfully perform work has little or nothing to do with emotion, theological dogma, personal opinion, or such.  (Although, when you are creating a standard some of the discussions can be emotional, theological, and filled with personal opinion.)

Zeroing in on the Holy Grail of Meaningful Information Exchange summarizes what I have learned and discovered while trying to make digital financial reporting work appropriately.  My document was inspired by the introduction to the document Ontology for the Twenty First Century: An Introduction with Recommendations.  That document tends to be more oriented to scientific domains.  My document tries to explain the same ideas to business professionals.

Here are the bullet points:

Deliberate, rigorous, clear, logically coherent, consistent, and unambiguous ontologies created by business professionals can make dumb beasts appear to perform magic.

Article originally appeared on XBRL-based structured digital financial reporting (http://xbrl.squarespace.com/).
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