Good Practices Model for Implementing XBRL-based Reporting System

The document, Good Practices Model for Implementing XBRL-based Reporting System, documents a practical, good practices-based guidance for implementing an XBRL-based reporting system where those reporting within the system are permitted to modify the report model and the need for quality is high.

The good practices-based guidance was gathered over probably 20 years and builds on the foundation set by the U.S. Securities and Exchange Commission (SEC) and European Single Market Authority (ESMA) which collect financial information of public/listed companies using XBRL.

A very basic working prototype is provided which provides all the details necessary to implement your own XBRL-based reporting system.  You can get to that working prototype here.

This graphic compares the good practices model with the SEC and ESMA XBRL-based report repositories:


Try the good practices model out and see how it works.  Why reinvent the wheel or repeat the mistakes that have been made by others.

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