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Understanding Logical, Mechanical, and Mathematical Accounting Relations in XBRL-based Digital Financial Reports

“Learn from the mistakes of others. You can never live long enough to make them all yourself.”

Groucho Marx

There are two approaches to learning:

  1. Learning by making mistakes.
  2. Learning from the mistakes of others.

Approach #1 is the noble way to learn, make mistakes yourself.  But it can be time consuming.  Approach #2 is the wise way.  It is very efficient to learn from the mistakes of others.

I have accumulated documentation of about 200 errors in XBRL-based digital financial reports. To professional accountants and others who want to learn about XBRL-based digital financial reports, particularly those who want to create ZERO DEFECT reports, this information is extremely valuable.  It is this sort of information that helped the 9 quality leaders, the software vendors/filing agents that got to the point where most of the reports they create are error-free per my mesaurement of the fundamental accounting concept relations.

Here are those summaries:

Happy learning!

Posted on Thursday, December 15, 2016 at 09:26AM by Registered CommenterCharlie in | CommentsPost a Comment

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