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 18, 2008 - May 24, 2008
XBRL in Plain English
Charlie
in XBRL General Information
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Government Work Makes You Smarter
In an article on The Motley Fool, Tim Beyers summarizes the reasons why XBRL is good for investors. The section "What is Buffett buying now?" shows one of the potential uses of XBRL beyond the financial statements. Forms Forms 4, 13-D, 13F-HR and 13F-NT in XBRL would offer functionality similar to the SEC's executive compensation viewer, which makes use of XBRL.
Charlie
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XBRL: Not Just for External Reporting
In an article published by financialexecutive.com, Mike Willis (PricewaterhouseCoopers) and William Sinnett (FERF) explain why XBRL is not just for external reporting.
The article highlights four common and significant areas which can benefit from XBRL:
- systems integration (integrating heterogeneous applications)
- data access
- assembly and review
- data quality (integrity of data)
- spreadsheets
Charlie
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