Digital Financial Reporting

XBRL-based structured digital financial reporting

Home/General

Digital Financial Reporting Using XBRL

US GAAP Reporting

Other Information

More About This Website

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 March 1, 2020 - March 7, 2020

Proof

I have created what I am calling the "proof" representation of an XBRL-based digital financial report. There are two parts to this proof.

The actual representation: This is an XBRL-based representation that exercises 100% of the SBRM logical conceptualization of a business report in ONE report. The purpose of this is to test (a) each piece and more importantly (b) how each piece interacts with each other piece.
Database that generated the representation: This is a Microsoft Access database application that you can download and explore. That database was used to generate 100% of the proof representation in XBRL. The purpose of this is to demonstrate the utility of SBRM.

The proof representation builds on the following XBRL representations:

Accounting equation representation: Documentation | Files
SFAC 6 Elements of Financial Statements representation: Documentation | Files
Common Elements of Financial Statements representation: Documentation | Files
Trial Balance representation: Documentation | Files
Journal Entries: Documentation | Files
MINI Financial Reporting Scheme representation: Documentation | Files

All of this helps you understand what it takes to create a properly functioning logical system. The proof builds on that by exercising 100% of the information models you will encounter and making sure those information models interact with one another correctly.

Finally, the XASB reporting scheme combines the PROOF and all the other representations and provides a complete financial report.

All of this is pulled together in the initial version of my document Mastering XBRL-based Digital Financial Reporting. Stay tuned for improved versions.

Why am I doing all this? Testing, testing, and more testing of my special theory and the SBRM logical conceptualization of a business report. Also, these are all excellent learning tools.

Posted on Thursday, March 5, 2020 at 12:40PM by

Charlie in Digital Financial Reporting |