BLOG: Digital Financial Reporting
This is a blog for information relating to digital financial reporting. This blog is basically my "lab notebook" for experimenting and learning about XBRL-based digital financial reporting. This is my brain storming platform. This is where I think out loud (i.e. publicly) about digital financial reporting. This information is for innovators and early adopters who are ushering in a new era of accounting, reporting, auditing, and analysis in a digital environment.
Much of the information contained in this blog is synthasized, summarized, condensed, better organized and articulated in my book XBRL for Dummies and in the chapters of Intelligent XBRL-based Digital Financial Reporting. If you have any questions, feel free to contact me.
Entries from August 1, 2009 - August 31, 2009
2009 Gartner FEI Technology Study
Gartner and FEI teamed up on a technology study: XBRL in the U.S. Enterprise. The synopsis from the study is
Extensible Business Reporting Language (XBRL) will be a requirement for financial disclosure by 2011 in the United States, and most firms are proceeding with this assumption. XBRL can provide more capability which can improve external and internal financial reporting and transparency; however, firms are still in the process of learning.
The study presents key findings and recommendations on how to approach XBRL.
Charlie
in General Information, XBRL General Information
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AICPA Publishes History of XBRL
The American Institute of Certified Public Accountants (AICPA) has published a history of XBRL. The article, The story of our new language; Personalities, cultures, and politics combine to create a common, global language for business can be downloaded at this URL.
The AICPA describes the document:
This paper, based on a chronicle of Charles Hoffman and Louis Matherne, documents the story of XBRL told from the perspectives of many key influencers of XBRL throughout its history. The AICPA interviewed many of the XBRL contributors in order to encapsulate the journey from its original development to the creation of a consortium of over 550 organizations who work together to continue to build a common language for business reporting and support its adoption.
Charlie
in History of XBRL, XBRL General Information
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