Understanding Logical, Mechanical, and Mathematical Accounting Relations in XBRL-based Digital Financial Reports
Thursday, December 15, 2016 at 09:26AM
Charlie in Becoming an XBRL Master Craftsman

“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!

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