Mastering XBRL-based Digital Financial Reporting

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” R. Buckminster Fuller

“Practice does not make perfect. Only perfect practice makes perfect.” Vince Lombardi

Download:

• Documentation (briefly explains each example)
• Mastering XBRL-based Financial Reporting (Origional Document)
• Download All (first 9)
• List of URLs

Videos:

• Understanding the Financial Report Logical System
• Mastering XBRL-based Digital Financial Reporting
• Rule Types Overview
• Advanced XBRL-based Digital Financial Reporting Topics

Important Background Information:

• Essence of Accounting
• Essentials of XBRL-based Digital Financial Reporting
• Logical Theory Describing Financial Report
• Understanding Method (Abridged)
• Digital Financial Reporting
• Special Theory of Machine-based Automated Communication of Semantic Information of Financial Statements
• Artificial Intelligence and Knowledge Engineering Basics in a Nutshell
• Standard Business Report Model (SBRM)
• XBRL

Example/Test Cases in Increasing Order of Complexity:

1. Accounting Equation
2. FASB's SFAC 6 Elements of Financial Statements
3. FASB's SFAC 6 Elements of Financial Statements PLUS Not-for-Profit Entity terms, structures, assocations, assertions
4. Common Elements of Financial Statements (Four Statement Model)
5. Proof, all information model patterns within one XBRL instance and taxonomy
6. Proof + Common + Pixel Perfect Rendering, all information model patterns within one XBRL instance and taxonomy
7. Proof Baseline (VERY BEST!)
8. Trial balance representation in XBRL, tests roll forwards and internal financial reporting
9. MINI Financial Reporting Scheme
10. XASB Financial Reporting Scheme (Larger, has 100% of information model patterns represented)
11. IPSAS Financial Reporting Scheme (Prototype)
12. US GAAP Financial Reporting Scheme (Prototype)
13. Not-for-Profit (US GAAP) Financial Reporting Scheme (Prototype)
14. Personal Financial Statements
15. IFRS Financial Reporting Scheme (Prototype)
16. FRF for SMEs Financial Reporting Scheme (Prototype)

Profiles:

1. Profiles
2. Download Excel Spreadsheet with Reads Profile Information

Accounting, Reporting, Auditing, and Analysis in a Digital Environment:

1. Hello World XBRL Example, Generated from Microsoft Access Database
2. Accounting Process Automation, Record to Report PLUS!
3. Proof + Common + Pixel Perfect Rendering, all information model patterns within one XBRL instance and taxonomy
4. Continuous Accounting Working Prototype
5. Semantic Workbook (SXLM) Working Prototype
6. Explore (i.e. analysis of reported information)
7. Effective Automation of Record to Report Process (Iteration #4)

Example Implementations (Commercial and Prototypes):

• US GAAP Reference Implementation: XBRL Instance | Evidence Package | Disclosure Mechanics (XBRL Cloud) | Disclosure Mechanics (Pesseract, expanded set of disclosure rules)
• US GAAP, Microsoft 10-K: SEC Filing Page | XBRL instance | Evidence Package | Disclosure Mechanics
• Trial Balance Reference Implementation: (older version) XBRL Instance | Evidence Package | Disclosure Mechanics
• XASB Reference Implementation: (older version) XBRL Instance | Evidence Package | Disclosure Mechanics
• Not-for-Profit (US GAAP) Reference Implementation: XBRL Instance | Evidence Package | Disclosure Mechanics
• Very Basic Information Extraction Prototype: (extract public float from every US public company) ZIP Archive
• Extracting Information from U.S. Public Company Financial Reports Submitted to SEC: Explore! Project Information
• Information Extraction Prototypes: ZIP Archive | More Examples
• Pesseract Viewer/Validator: Google Photos Pictures | More Information
• Comparison of Renderings for 3 Commercial Software Implementations: PDF
• Entity Comparison or Period Comparison Example: Comparison
• XBRL-based Financial Report Review Tool for Reporting Managers, Internal Auditors, and Independent Auditors: Pacioli (Proof of Concept)