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 June 26, 2016 - July 2, 2016
Public Company Quality Continues to Improve, 84% are Consistent
The quality of XBRL-based public company financial reports to the SEC as measured using a set of about 22 fundamental accounting concept relations continues to improve. Several software vendors/filing agents are closing in on 100% consistency with these basic expected accounting relationships.
About 84% of all public company financial filings are consistent with what is expected for these fundamental accounting concept relations.
Note that I am going to start publishing this information once every quarter or when important milestones are met.
Breakdown by software vendor/filing agent:
Breakdown by individual test:
(Click image for larger view and more details)
Comparison of Current Results with 2015 and 2014 End of Year Results:
(Click image for larger view)Be sure to read this updated version of the conceptual overview of XBRL-based structured digital financial reports. Also, this updated outline of knowledge engineering basics for accounting professionals helps you understand why quality matters.
* * * PRIOR RESULTS * * *
Previous fundamental accounting concept relations consistency results reported: March 31, 2016; February 29, 2016; January 31, 2016; December 31, 3015; November 30, 2015; October 31, 2015; September 30, 2015; August 31, 2015; July 31, 2015; June 30, 2015; May 29, 2015; April 1, 2015; November 29, 2014.
Charlie
in Becoming an XBRL Master Craftsman
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