HOME - Standard Business Report Model (SBRM)

This set of web pages provides information relating to OMG's Standard Business Report Model (SBRM) and implementing that model using XBRL. For a list of all information, please go to the INDEX page.

SBRM formally documents a logical conceptulization of a business report in both human-readable and machine-readable models. For more information see Standard Business Report Model (SBRM). The focus here is on financial reports which is a specialization of a business report. SBRM will replace my information conceptualization of a business report, Open Source Framework for Implementing XBRL-based Digital Financial Reporting.

OMG describes SBRM as follows: Organizations exchange information. Artificial intelligence, distributed ledgers, and machine-readable structured information offer unprecedented opportunities to automate many information exchanges within and between organizations. Furthermore, in most countries, organizations are required to submit formal information to one or more regulators regarding their business or financial performance, compliance and exposure. These have traditionally been as documents that use standard forms or templates defined by each regulator.

Recent years have seen the emergence of Standard Business Reporting, an approach that supplements traditional form-based documents with machine-readable versions containing structured data of the same content. The structured data, with identifiable fields (as opposed to electronic 'e-paper' documents in formats like PDF), is important to allow the data to be stored, analyzed and compared. The widely-accepted standard for business information exchange is XBRL (eXtensible Business Reporting Language), which allows the definition of different report structures based on the tagged markup language, XML (eXtensible Markup Language). SBRM builds on XBRL, further increasing its usability and applicability, by formally documenting a logical conceptualization of a business report in both human-readable and machine-readable models.

This document, Special Theory of Machine-based Automated Communication of Semantic Information of Financial Statements explains what is trying to be achieved and more importantly HOW to achieve it.

Overview of SBRM for Business Professionals and Technical Professionals

• Terms: Information about the terms that make up SBRM.
• Axioms: Information about the axioms (rules) that make up SBRM.
• Associations (Informal): Information about the associations between terms defined by the axioms.
• UML Model (Formal): Formal model of terms and relations between terms.
• Narrative: Narrative describing the logical conceptualization of a business report defined by SBRM.
• Primer: Primer which explains the basics of implementing SBRM.
• Method: Best practices method for implementing SBRM.
• Framework: Best practices technical framework for implementing SBRM.
• Profile: Best practices XBRL technical profile for implementing SBRM.
• Examples: Examples of implementing SBRM.
• Conformance Suite: Conformance suite for testing your implementation of SBRM.

Very basic examples of implementing XBRL using SBRM

• Accounting Equation: Represents the accounting equation using SBRM.
• FASB's SFAC 6 - Elements of Financial Statement: Represents FASB's SFAC 6 elements of financial statement using SBRM.
• Common Elements of a Financial Report: Represents model of common elements of a financial report using SBRM.
• Internal Financial Statement: Represents internal financial report using SBRM.
• Examples of XBRL-based Financial Reports: Multiple human-readable and machine-readable examples of XBRL-based financial reports.

More Information

• Auditing XBRL-based Financial Reports: Practical guidance related how to audit XBRL-based financial information.
• Financial Report Genome Project: Explains why there can be ONE logical model of a financial report that is used globally.
• Artificial Intelligence and Knowledge Engineering in a Nutshell: Basic background information that is necessary to properly understand the future of financial accounting, reporting, auditing, and analysis.
• Accounting in the Fourth Industrial Revolution: Helps accountants wrap their heads around accounting in a digital environment.
• Comparison of Financial Reporting Schemes: Compares several financial reporting schemes.
• Comparison of Elements of Financial Statements: Compares high-level elements of financial statements of several financial reporting schemes.

Some of the Supporters of SBRM

• Charles Hoffman, CPA - Charles Hoffman, CPA and co-creator of Pesseract.
• Raynier van Egmond - XFintell Intelligent Financial Data Analysis Solutions.
• Dean Ritz - Workiva (supporting as an individual).
• Pramodh Vittal - DataTracks Services Limited.
• Hamed Mousavi - Self employed software engineer and co-creator of Pesseract.
• Andrew Noble, PNA, BBus - Noble Accounting and LodgeiT.
• Brian Milnes - XBRL Cloud.
• Bill Seddon - Liquidity.
• Jim St. Clair - Dinocrates Group.
• Mirek Sopek - MakoLab.
• Jason Meyers - Auditchain GmbH.
• Dianne Schepers - DCARPE Alliance Association.
• Evgeny Zion - Picom Software Systems, LTD.
• Andi Kerenxhi - Ubineer.