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The IPSAS Financial Reporting Scheme is a working proof of concept and prototype XBRL-based digital financial reporting scheme that demonstrates a modern approach to creating a financial reporting scheme. This approach can be used for general purpose or special purpose financial reporting. The provided metadata is used both creation of reported information and consumption of reported information.

This page contains detaied information primarily for use by humans reading the information. For better machine-readable information and a summary, please go to the INDEX page.

Overwhelmed and not sure where to start? I would invite you to start here:

This 'logical system' or 'ontology-like thing' was created leveraging the Open Source Framework for Implementing XBRL-based Digital Financial Reporting. It will ultimately be adjusted to support the OMG Standard Business Report Model (SBRM). To understand why this ontology-like thing is important, please have a look at Artificial Intelligence and Knowledge Engineering Basics in a Nutshell.

For one resource that ties all the puzzle pieces of XBRL-based digital financial reporting together, please see Intelligent XBRL-based Digital Financial Reporting. If you want the most recent information, then follow my blog.

To understand this prototye, it is recommended that you review the Accounting Equation, the FASB SFAC 6 Elements of Financial Statements, the Common Elements of Financial Statements, and the MINI Special Purpose Financial Reporting Scheme prototypes. It is also helpful to read the document Proving Financial Reports are Properly Functioning Logical Systems and explore the Sophisticated Example of an XBRL-based Digital Report.

A good starting point is this cross reference.


Last updated: 12/19/2019 11:22:08 AM

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