Digital Financial Reporting

XBRL-based structured digital financial reporting

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Digital Financial Reporting Using XBRL

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This web site provides information on how to use XBRL to help business professionals exchange business information. Business information incluldes both financial and nonfinancial information. Everything on this site made available to all under a Creative Commons License, Public Domain Dedication. Everything may be reused however one sees fit without attribution. We do ask that you give credit where credit is due. If you have any questions, comments, concerns, suggestions, ideas or other feedback, please contact charles.hoffman@me.com.

The author of this web site assumes all responsibility for this web site and it's content. The views expressed on this web site are the views of the author and may not represent the views of his employer.

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 May 1, 2016 - May 31, 2016

Prototype XBRL-based Digital Financial Report Disclosure Checklist

It is just a shell right now, but I have a prototype digital financial reoprt disclosure checklist. Here is the schema. If you look at the bottom of each disclosure, they show the list of manual disclosure checklist items. Checklist items only exist for a few disclosures: Basis of reporting, Inventory, Document information.

Here is a screen shot of the XBRL definition relations which represent the relations between each disclosure and the disclosure checklist items:

The next step is to connect the automated disclosure checks and the manual disclosure checks into one comprehensive set.

This disclosure viewer incorporates these manual disclosure checklist items.

Posted on Tuesday, May 3, 2016 at 10:06AM by

Charlie in Becoming an XBRL Master Craftsman |

The Economist: Sweet Little Lies

The Economist published a story, Sweet little lies, How to read between the lines of companies’ accounts in which they describe the corporate earnings season as:

a carnival of confusion, obfuscation and fibbing

This article is worth reading.

Similar article from the New York Times, Fantasy Math Is Helping Companies Spin Losses Into Profits.

Posted on Monday, May 2, 2016 at 06:46AM by

Charlie in General Information |