Digital Financial Reporting

This is a very, very basic XBRL-based financial report validator that I have created using Excel.  There are two versions: 

• Validate single report
• Validate and compare multiple reports

(Additional versions for other reporting styles of the multiple reports comparison/validator can be found here.)

There are a bunch of ways these applications can be enhanced and improved such as not hard coding the rules into the validator, doing additional validation tasks, better functionality; my intent here is to simply point out the basics. Reverse engineering is an excellent way to learn.

Here are example Line of Reasoning Reports that are output by the application: 

• Apple
• Microsoft
• Salesforce
• Cisco
• Proctor & Gamble
• Boeing
• Coca Cola
• Intel

Below is a screen shot of the single report validator.  To use the validator all you do is put a URL to an XBRL-based financial report into the YELLOW cell and then press the "Extract Information and Validate" button:

To use the mulitiple reoprt validator, simple click on the "Compare all in List Spreadsheet" in the "Compare" workbook.

Again, this is a very basic validator.  The Pacioli Power User Tool is way more powerful but works using the same principles.  (For more information about Pacioli, see the Pacioli Logic and Rules Engine.