Digital Financial Reporting

I am holding out this TB Financial Reporting Scheme XBRL Taxonomy as a best practices model financial reporting XBRL taxonomy.  What I want to supplement this model with another model that uses XBRL dimensions and all of the information patterns in the Proof representation.  If you wanted a model that already uses XBRL dimensions, I would point you to the Not-for-Profit XBRL taxonomy for the time being. That XBRL taxonomy is good, but I want to modify the interface to the taxonomy.

This model helps those that are interested in understanding the nuances and subtleties of how XBRL taxonomies work. This is a very basic XBRL taxonomy with both positive and negative examples that help professional accountants understand the ramification of XBRL taxonomy creation choices.  The best practices model was created by taking the very best ideas of other XBRL taxonomies.

To get the most of this best practices model, I would encourage you to: 

1. Watch this video playlist, Understanding the Financial Report Logical System.
2. Work through the Corportate Financial Reporting Examples.
3. Understand the Logical Theory Describing Financial Report.
4. Read through the Essence of Accounting. 

This XBRL taxonomy and the best practices used to created are based on engineering and testing, testing, and more testing.  The following is a summary of software tested to understand software capabilities and interoperability and software used to test the XBRL taxonomy and XBRL instances used to exercise the XBRL taxonomy to be sure it is functioning as expected:

• Pesseract
• Pacioli
• XBRL Cloud
• XBRL Query
• UBmatrix XPE

The following is a summary of the beginnings of a comprehensive financial reporting semantics conformance suite to test and certify software for XBRL-based digital financial reporting: 

1. Preliminary conformance suite
2. TB Financial Reporting Scheme report repository
3. Not-for-Profit report repository
4. MINI prototype financial reporting scheme report repository
5. XASB prototype financial reporting scheme report repository
6. Mastering XBRL-based Financial Reporting examples

Any feedback will be gladly accepted.  I will explain more over the coming weeks.