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:

Videos:

Important Background Information:

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):


Last updated: 10/4/2019 11:34:03 AM

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