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 March 1, 2015 - March 7, 2015
Knowledge Engineering 101 for Business Professionals
The general purpose financial report is getting a face lift, being updated for the 21st century.
The specific pieces necessary to enable the digital general purpose financial report will not spring into existence by accident. The pieces must be created with high intension, specific conscious effort, well-thought-out direction, making specific conscious choices, and skillful execution by professionals with resolve to achieve the goal.
To achieve this goal will take the effort of accounting professionals, financial analysts, software engineers, knowledge engineers, and others who come from different worlds but who must effectively communicate to decide on what the right goal is and collaborate to achieve that goal.
The document Important Issues, Considerations, and Opportunities for Accounting Professionals in Creating the Digital Financial Report summarizes important information accounting professionals and other business professionals need to understand to succeed in this undertaking.
Charlie
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