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 Interoperability (1)

Into to HL7 Video Can Help You Understand XBRL

This is video introduction to HL7 (Health Level Seven). You may not care about HL7, but this iintroduction to HL7 can help you understand why XBRL is important. HL7 and XBRL both help business systems interoperate with one another.

Meaningful interoperability between systems, how do you get there? Slides 4 through 6 explain three key things needed to achieve meaningful interoperability. The link on slide 6 takes you two a PDF which explains the three things needed for meaningful interoperability.

Technical interoperability is concerned with the conveyance of payload. It neutralizes the effect of distance, is domain independent (OSI levels 1-6), and is fundamentally based on Information Theory - Shannon (1948).
Semantic interoperability communicates meaning unambiguously, using Codes, Identifiers and Context. It is Domain-specific (OSI Level 7) and is needed to understand, interpret and use data.
Process interoperability enables shared human understanding that is needed to coordinate work processes and enable business systems to interoperate. It is essential if interoperability is to provide any benefits in the work place.

The bottom line here is that business system interoperability means benefits to business in terms of efficiency.

Understanding the Three Levels of Interoperability

Posted on Sunday, August 29, 2010 at 06:20PM by