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Excellent Learning Opportunity: Creating IFRS Templates, Examples, Metadata

I am working with a small group of people who are creating for IFRS what I created for US GAAP and for a general reporting scheme example that I created called XASB.

This is an excellent learning opportunity for professional accountants. Software vendors can also learn from this and test their software using the IFRS, US GAAP and XASB examples.

What we are going to do is create all the stuff that makes this expert systemwork for an IFRS-based financial report. To do that, we need to create what is described in this Blueprint for Creating Zero-Defect XBRL-based Digital Financial Reports.

I have a lot of the pieces already. The pieces just need to be more completely built out and tested.  Below are all the existing pieces that I have for IFRS and the equivalent pieces for US GAAP and the XASB prototype:

I have been working with a software developer and we have a working expert systemthat is driven by the above metadata. The US GAAP and XASB metadata is all tested and works.  Some of the IFRS stuff works.

Another thing that I want to test out is digital distributed ledgers.  What I am going to do is offer POINTS or TOKENS to those that contribute to creating the IFRS metadata.  With those POINTS or TOKENS, you can get a license to the expert system software and software support.  I still have to work out details, but basically the more you contribute, the more you will learn, and the better the software license you can earn and you can get earlier versions of the expert system software.

Interested in participating and positioning your self well for the future?  Send me an email (Charles.Hoffman@me.com) and I will put you on my distribution list.  Slots are limited.

As is said, "The best way to predict the future is to create it." (Abraham Lincoln)

Also, "I skate to where the puck is going to be, not where it has been." (Wayne Gretzky)

Posted on Tuesday, May 30, 2017 at 04:10PM by Registered CommenterCharlie in | CommentsPost a Comment

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