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 January 29, 2012 - February 4, 2012
Consistent and Explicit Data Models: More on the Data Points Model
I mentioned the data points model in a previous blog post. Someone posted a video to XBRL-Public which explains the data points model approach in detail. You can find this video here.
While this video is long (1 hour and 26 minutes), is detailed, and discusses data modeling and the data points model from the perspective of the FINREP taxonomy; this video will help one grasp the important general issues related to expressing information in XBRL.
You can distill the message of this video into one concise statement:
Build consistent and explicit data models.
What I have created and documented in my Modeling Business Information Using XBRL document follows those two key principles. So I could not agree more with those who support the data points model.
Charlie
in Digital Financial Reporting, Modeling Business Information Using XBRL
|
Post a Comment
| 
Email
| 
Print
