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 20, 2013 - January 26, 2013
Columbia University White Paper: An Evaluation of the Current State and Future of XBRL and Interactive Data for Investors and Analysts
This Columbia University white pater, An Evaluation of the Current State and Future of XBRL and Interactive Data for Investors and Analysts, is interesting at a number of levels. It is worth reading.
The net, net if it all is this statement:
So it is not a matter of whether a method for structuring and communicating interactive, machine-readable data will arise, but more a matter of which method of collecting and consuming such data will both arise and remain relevant, in light of ever-advancing technological changes, as well as ever-growing demands for data by consumers.
Digital financial reporting is inevitable. The truth be known, semantic, model-based, structured authoring of financial information is easier that current legacy approaches. Time will prove this to be true. Longer term, this is where things are going. In the shorter term, who knows what will happen.
Charlie
in Digital Financial Reporting
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