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

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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. Trial balance representation in XBRL, tests roll forwards and internal financial reporting
  8. MINI Financial Reporting Scheme
  9. XASB Financial Reporting Scheme (Larger, has 100% of information model patterns represented)
  10. IPSAS Financial Reporting Scheme (Prototype)
  11. US GAAP Financial Reporting Scheme (Prototype)
  12. Not-for-Profit (US GAAP) Financial Reporting Scheme (Prototype)
  13. IFRS Financial Reporting Scheme (Prototype)
  14. FRF for SMEs Financial Reporting Scheme (Prototype)

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)

Example Implementations (Commercial and Prototypes):


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

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