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 in Improvements to XBRL (1)

XBRL International Seeks Broad Input on Discussion Document

XBRL International has released a document calling for broad input on XBRL. Per the XBRL International release:

XBRL International, Inc., (XII) released “XBRL: Towards a Diverse Ecosystem” today, a Discussion Document seeking public comment on the future business requirements and technical roadmap for the XBRL business information standard. The Discussion Document may be downloaded at: http://www.xbrl.org/2010TechDiscussion/2010TechDiscussion.pdf

This document is very, very important for two reasons. First, it helps one better understand issues relating to working with XBRL today. Understanding the issues in this document can help you future proof your XBRL implementation today, making sure it fits into the XBRL of tomorrow. Second, it is an opportunity to make XBRL work better in certain situations in the future and reduce the costs you will incure implementing XBRL within your business environment.

The executive summary of the document states three goals of this document:

To make XBRL easier for developers
To make XBRL information more comparable across taxonomies
To facilitate the consumption of XBRL information for a wide range of existing and potential users

The document has a pointer to an online survey where input can be provided to XBRL International.

It appears that there is no requirement that those providing feedback be a member of XBRL International.

I strongly encourage those who have an interest in XBRL to take advantage of this opportunity. It is a great way to learn about XBRL and create the XBRL you need. Remember that the deadline for a comment letter or completing the survey is March 19, 2010.

Posted on Tuesday, February 16, 2010 at 10:40AM by