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 November 25, 2012 - December 1, 2012
Disclosure Management
In the article Disclosure management: Streamlining the Last Mile, Mike Willis of PriceWaterhouseCoopers makes the statement that leading implementations of disclosure management applications are seeing 30% enhancements in report assembly and review efforts. How?
By empowering reporting professionals to more efficiently and effectively assemble and review relevant information. This allows them to spend more time analyzing, communicating about performance and assessing risk than assembling and reviewing reports.
The article also makes a case for reporting templates and points out the benefits of standardization where standardization can be effectively applied.
Bottom line is that this article is a must read if you want to understand the future of external and even internal financial reporting.
Charlie
in Creating Investor Friendly SEC XBRL Filings
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