Digital Financial Reporting

The following is a list of resources for university professors who are educating the next generation of professional accountants; researchers trying to understand the impact of XBRL on accounting, reporting, auditing, and analysis; and others.

1. Artificial Intelligence and Knowledge Engineering in a Nutshell: Critically important background information that is necessary to absorb the information below.  If you don't understand this information, you most certainly will not understand the information provided below or why it is important.
2. Understanding Logical Systems: This is a simple explanation of a logical system.  (This is a more detailed and complete description of a logical system)
3. Seeing that an XBRL-based financial report is a logical system: Helps you see that a financial report is a type of logical system.
4. Self-guided Tour of an XBRL-based Financial Report: This exposes you to XBRL-based financial reports.
5. Sophisticated example of an XBRL-based report: This is a sophisticated and high-quality example of an XBRL-based financial reports. Lots of nuances and subtleties to consider and contemplate.
6. Case for XBRL-based General Purpose Financial Reporting: Outlines the business case for XBRL-based machine-readable financial reporting on one slide.
7. Proving Financial Reports are Properly Functioning Logical Systems: Explains how to prove that a logical system is properly functioning when variability exists within the system.
8. Auditing XBRL-based Financial Reports: Important information about how to audit XBRL-based financial information.
9. Standard Business Report Model (SBRM): Information about the forthcoming OMG standard which provides a logical conceptualization of a business report.  Note that a financial report is a specialization of a business report.
10. MINI Financial Reporting XBRL Taxonomy: This is a "mini" financial reporting XBRL taxonomy that is constructed using best practices.  Allows for variability.
11. Pesseract Software Application: Free (for the time being) software application for viewing, validating, and ultimately for creating XBRL-based financial reports.
12. Ten small XBRL taxonomies and instances: Ten very small example XBRL taxonomies and XBRL instances.
13. Intelligent XBRL-based Digital Financial Reporting: Best summary of all information about XBRL in one place.  (NOTE that this is in the process of being updated.)

I will continue to build this information out, organize it better, and generally make the information easier to use.  So, check back periodically for updates!

Here is the entire blog archive.