Updated Excel-based Validation Tool With Line of Reasoning
I mentioned some Excel-based extraction and validation tools that I created.
Well, I created an improved version. There are two significant improvements to this fundamental accounting concepts validation tool:
- Validate one file at a time. Rather than validating many different files and then comparing them like the other tools, this one validates ONE filing at a time to let you focus on that filing. Again, you can use a URL from the SEC EDGAR repository or a local file.
- I added what I call a "line of reasoning" output to help you understand what the tool is doing.
Let me know what you think. I believe the line of reasoning turned out nice. I know that there is a lot of room for improvement such as formatting the numbers, providing additional information, etc. You can add that functionality yourself.
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