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 30, 2021 - June 5, 2021

Goldman Sachs - Crypto: A New Asset Class?

Goldman Sachs has published an excellent paper, Crypto: A New Asset Class?, which provides a tremendous amount of detail about crypto currencies. (This is a direct link to the paper.  This is a video that explains important details of the paper in about 20 minutes.)

XBRL-based digital financial reporting and crypto currencies are inextricably connected. If you look at my summary of financial report levels you will see that while Level 5 reports can work effectively; Level 6 and Level 7 is where the real value of XBRL-based digital financial reports is.

Posted on Wednesday, June 2, 2021 at 09:27AM by Registered CommenterCharlie in | CommentsPost a Comment | EmailEmail | PrintPrint