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 August 24, 2008 - August 30, 2008
IASC Foundation Publishes IFRS Taxonomy Guide
The IASC Foundation has published a document called the "IFRS Taxonomy Guide". The document can be found here.
Per the IASC Foundation:
"The document offers assistance in the implementation, application and further development of the IFRS Taxonomy 2008. The IFRS Taxonomy Guide 1.00 is targeted at people with a basic understanding of XBRL and familiarity with International Financial Reporting Standards and its interpretations, inclusive of : (a) preparers and issuers of financial statements who create instance documents; (b) supervisors, regulators and other receivers who create specific (national and/or business) taxonomy extensions; (c) XBRL-compliant software developers."
(A link to this document can also be found on this site here.)
Charlie
Post a Comment
Email
PrintSEC Proposes Roadmap Toward IFRS
The SEC issued a press release indicating that they will issue a proposed roadmap for the SEC to adopt IFRS. The press release can be found here. A Wall Street Journal article about the announcement can be found here.
Under the roadmap, in 2010 about 110 large companies would begin reporting using IFRS. All other companies would use IFRS by 2014. The proposed roadmap will be open for public comment for 60 days.
