Digital Financial Reporting

XBRL-based structured digital financial reporting

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Digital Financial Reporting Using XBRL

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This web site provides information on how to use XBRL to help business professionals exchange business information. Business information incluldes both financial and nonfinancial information. Everything on this site made available to all under a Creative Commons License, Public Domain Dedication. Everything may be reused however one sees fit without attribution. We do ask that you give credit where credit is due. If you have any questions, comments, concerns, suggestions, ideas or other feedback, please contact charles.hoffman@me.com.

The author of this web site assumes all responsibility for this web site and it's content. The views expressed on this web site are the views of the author and may not represent the views of his employer.

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 18, 2018 - November 24, 2018

Another Source for Measuring XBRL-based Report Quality

There is now a fourth source that has created capabilities for measuring/evaluating the quality of XBRL-based financial reports. Here is a list of the sources:

My quality measurements: My quality measurements of XBRL-based financial reports submitted to the SEC.
XBRL Cloud dashboard; XBRL Cloud's EDGAR Dashboard provides a broad spectrum of validation of XBRL-based reports submitted to the SEC.
XBRLogic: XBRLogic now seems to provide quarterly measurements of the quality of XBRL-based financial reports submitted to the SEC. Provides a "quality" score and a "usability" score.
XBRL US Data Quality Committee: Battery of about 46 different rules related to XBRL-based financial reports submitted to the SEC.

What would be very interesting is to combined the information from these sources to create a composite measurement of quality. XBRL Cloud comes the closest to that because they include my rules, XBRL US Data Quality Committee rules, Edger Filer Manual Rules, XBRL technical syntax rules, and other rules.

Maybe I will work on that. Perhaps this composite measurement could be done as of March 31 each year, after the 10-K filing season.

For more information related to XBRL-based report quality see Blueprint for Creating Zero-defect XBRL-based Digital Financial Reports.

Posted on Friday, November 23, 2018 at 06:59AM by

Charlie in Becoming an XBRL Master Craftsman |

XBRL, XHTML, and Inline XBRL

This video if the ESEF provides a particularly good explanation of the relationship between XHTML, XBRL, and Inline XBRL.

XBRL is an XML language. XML is really a family of languages/technologies which includes in part: XML Names, XML Base, XPath, XPointer, XLink, XML Schema, XSLT, XHTML (which is an application of XML).

XML is an ISO standard: ISO 8879:1986 "Information processing -- Text and office systems -- Standard Generalized Markup Language (SGML)".

XHTML, an application of XML, is likewise conformant to ISO 8879:1986.

Since XML is conformant to ISO 8879:1986 and XHTML is conformant to ISO 8879:1986; it seems to me that it can be said that both raw XBRL and Inline XBRL are conformant to ISO 8879:1986.

Posted on Monday, November 19, 2018 at 08:21AM by

Charlie in Becoming an XBRL Master Craftsman |