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 December 1, 2020 - December 31, 2020
Accounting System Metadata
Here are examples of accounting system metadata: XERO, QuickBooks, hledger. Each accounting system has stuff like this, each accounting system tends to have many of the same things and then many different things in their metadata.
Charlie
in Digital Financial Reporting
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Gentle and Cheap Introduction to XBRL-based Digital Financial Reporting
I have put together what I am calling a Gentle and Cheap Introduction to XBRL-based Digital Financial Reporting. It is targeted at anyone who wants to understand what XBRL-based financial reporting is, how to do it with hands-on experience, starting from the very basics but providing a rock solid foundation upon which you can build.
Stay tuned for more information.
After you do the gentle introduction, build out your basic understanding.
Charlie
in Digital Financial Reporting
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Proof Plus
I have been nurturing along what I call my "Proof" representation for a number of years. I have improved the proof representation, see Proof Plus. Of particular note is the Microsoft Access Database Application that you can use to generate the XBRL taxonomy schema, XBRL linkbases, XBRL formula, and XBRL instance.
What is useful about the Proof and Proof Plus representations is that they contain all of the information patterns you will run across in XBRL-based financial reports. Why is that important? Well, it shows you how to represent things like an adjustment, a variance, as well as common information patterns, and make all the report pieces fit together effectively.
Check it out! Want to learn more? Try this blog post.
Charlie
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