The XBRL Data Point Model Methodology has become ISO 5116. There are three parts to this ISO standard which include:
So what is the XBRL Data Point Model? The Data Point Model is described by EuroFilings thus:
Data Point Modelling is a methodology which intends to create a bridge between the functional design of a reporting framework – “the reporting templates” – and the technical design of an XBRL taxonomy. Over the years, this has resulted in the so-called “Eurofiling Taxonomy architecture” which is employed in the current taxonomies from EBA and EIOPA. The essence of this methodology consists of building a dimensional data model which is the foundation to the schemas and relationships in the Taxonomy.
Currently, the Data Point Model (DPM) is used throughout the European Union, the United Kingdom, South Africa, Moldovia, Israel, amoung other jurisditctions. The DPM enables data understanding across banking, insurance, investment firms and other verticals of our economy.
I provided a high-level overview of the DPM in a prior blog post. EuroFiling provides this introduction to the DPM. AReport is a tool for using the DPM
The origin of the DPM is the COREP and FINREP efforts which goes back to 2005 and were driven by the Bank of Spain. This effort also led to the creation of the XBRL Table Linkbase among other XBRL standards.
Note that the DPM Methodology is different than my method which was gleaned from reverse engineering XBRL-based financial reports that used the US GAAP and IFRS financial reporting schemes. The DPM and my method are different tools used for different approaches to reporting.
The Object Management Group (OMG) has undertaken a project, the Standard Business Report Model (SBRM), which could potentially formalize a generalized version of my method for general business reporting. Note that my method fouses on financial reporting.
There is a third approach to implementing XBRL which is referred to as XBRL Global Ledger (XBRL GL). XBRL GL is more transactions oriented.
NOTE: If you are interested in the Data Point Methodology, you might also be interested in the Seattle Method which is another XBRL implementation approach.