« Negative Attitudes and the Four Horsemen of the Data Apocalypse | Main | Conscious Capitalism »

Understanding Digital

Financial reporting is a system that is comprised of many interconnected parts.  Today, many of these interconnections are missed because too many people look at financial reporting systems as silos of functionality.  Understanding Digital helps readers understand these interconnections, describes those interconnections, and explains how to use XBRL formatted information to physically represent those interconnections in machine-readable form.

This is a small example of a financial report.  Notice that everything is connected to other things:

(Click image for larger view)Using the information above, software can transform the information into something more useful to humans that looks like this:

(Click image)No magic.  Everything is driven by carefully crafted machine-readable information like this.

 

Posted on Friday, July 17, 2020 at 11:34AM by Registered CommenterCharlie in | CommentsPost a Comment

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.