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 SEC (1)

SEC Taxonomies are a Wealth of Information

The taxonomies published by SEC filers are a wealth of information, if you can somehow look at them.  Well, in that spirit, I have created a number of ways to look at these taxonomies for the purpose of learning more about taxonomies.

Here are several ways I have created to look at these XBRL taxonomies.  All these focus on the presentation linkbase information (for comparison purposes, here is a link to the best way that I know of viewing the entire Commercial and Industrial Companies entry point of the US GAAP Taxonomy):

  • Excel-based Taxonomy viewer: This Excel file has macros which read the XML file (see below) of presentation linkbase information.  (Coming soon is a version of this which allows you to compare two taxonomies side-by-side.
  • HTML treeview: If you go to this web page and click on the links in the column titled "Link to Taxonomy Presentation HTML (XBRL Site)" you can see a tree view of an SEC filers taxonomy. Here is one example file so you know what you are looking for.
  • XAML treeview: This web page lets you quickly browser through a list of XBRL taxonomies.  You have to be using Microsoft Internet Explorer 7 or 8 to use this as it is done using XAML.
  • XML file: If you go to this web page and click on the links in the column titled "Link to Taxonomy Presentation XML (XBRL Site)" you can access the information in a taxonomy programmatically.  The Excel-based tool above uses this XML file. Here is one example file so you know what to look for.
  • Compare extension concepts: This web page lets you compare the extension concepts added by SEC filers.
  • Summary of Statistics:  Here is an Excel file which has some statistics about the filings and taxonomy extensions.

More ways to look at this to come.  You can write some really interesting Excel macros to sumarize, slice, dice, and otherwise dig into this information.