XBRL-based Digital Financial Reporting Stack

Accounting is the universal technology of accountability.  A general purpose financial report is a tool or artifact used by that universal technology of accountability.  

The graphic below shows the XBRL stack of technologies (DRAFT) that is used for XBRL-based digital financial reporting. This borrows from the idea of the Semantic Web Stack or "layer cake".


I am sure  I don't have this 100% correct yet...but I am working to get it correct by soliciting feedback and incrementally improving this to get it dialed in. This provides details of what is shown in the graphic above:

Additional Information:

Comments

Post a Comment

Popular posts from this blog

Getting Started with Auditchain Luca (now called Luca Suite)

Image
(Note that a newer, production version as opposed to only the development version , of Luca Suite is available) The Innovator's Dilemma points out that disruptive innovations often look like toys that are doing everything wrong. Auditchain Luca , which is part of the Auditchain Suite , is a unique approach to creating a knowledge graph .  To experience using Auditchain Luca, have a look at the Getting Started with Auditchain Luca instructions. Be sure to grab the Excel and JSON import files used for this getting started exercise.   This getting started exercise uses one of several different approaches to getting information into a tool for constructing and viewing professional quality knowledge graphs .  Additional getting started guides will be made available over time. Auditchain Luca might not make sense to you if you don't understand the paradigm shift that is occurring and if you have not shifted your mental map. For the next step in your journey, consider t...
Read more

Relational Knowledge Graph System (RKGS)

Image
Relational Knowledge Graph System (RKGS) is an interesting idea that combines the relational paradigm and the knowledge graph paradigm.  This documentation, Why RKGS , explains the idea. This gets even more interesting with the notion of "relational AI".  RelationalAI is described as follows by the company of the same name, Relational.ai : “RelationalAI is a cloud-based relational knowledge graph management system, with state of the art probabilistic processing and declarative reasoning at scale to make developing Data Applications a superpower for your business.” This notion of knowledge graphs represented in relational databases fits into my belief that knowledge graphs have two aspects: the expression SYNTAX and the logic of what is expressed or SEMANTICS. While the LOGIC of a knowledge graph is always the same regardless of technical syntax used to express that logic; there are many, many different technical syntaxes that can be used to represent a knowledge graph. There...
Read more

Professional System for Creating Financial Reports Leveraging Knowledge Graphs

Image
The document Professional System for Creating Financial Reports Leveraging Knowledge Graphs explains a new approach, a new paradigm, for creating financial reports.  The document provides a practical, nontechnical description of a professional system for creating provably high-quality financial reports where the report creator is using financial reporting schemes (such as US GAAP and IFRS) where report creator is permitted to modify the report model which leverages global standard knowledge graphs represented using XBRL. This new approach is useful, it is highly novel, and the details were highly complicated to pull together.  This is certainly not an incremental innovation.  It is definitely a disruptive innovation and it could very well be a foundational innovation. You can decide which for yourself. Foundational technologies have two dimensions that need to be considered: novelty and complexity. The more novel the technology is, the more effort needed to ensure users ...
Read more