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 May 31, 2015 - June 6, 2015
Public Company Quality Improves Again, First Generator Reaches 80%
The quality of XBRL-based financial reports submitted by public companies as measured by the fundamental usability of the reported information has increased yet again. Also, the first filing agent or software vendor has reached the 80% level.
80 percent of the digital financial reports created by the filing agent RR Donnelley are consistent with every fundamental accounting concept relation. The average climbed to 64.4% from 63.2% a few weeks ago and 58.3% for the 10-Ks filed over the past year.
(Click image for larger view)
Congradualations to RR Donnelley! And thank you to all the public companies, filing agents, and software vendors who take digital financial report quality seriously. An increase in the quality of high-quality reports will make it harder to others to get away lower quality reports.
You can find information on how to fix these inconsistencies here.
Charlie
in Becoming an XBRL Master Craftsman
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