Explore, Experiment, Evolve

There are few who are further out into the frontier of  XBRL-based digital financial reporting than I am.  Maybe some are that I am not aware of.  And I am not talking about "bolt on" reporting to regulators that mandate the use of XBRL-based financial reports.

What I am talking about is XBRL-based digital financial reporting that accountants want to use because it is better, faster, and cheaper than other approaches. We are not there yet, but we are getting closer.

The way you learn truly useful information is to explore, experiment, and evolve. On Wikipedia, in the article Financial Statement; there is an image of a financial statement of Wachovia National Bank from January 29th, 1906. As a basic example of an XBRL-based digital financial statement, I represented that report using XBRL:


I used Pacioli.ai's Luca Suite to create this working prototype example of an XBRL-based digital financial report.  Here are all the technical artifacts:
The above will give you a taste of what an XBRL-based digital financial report is.  If you look at the Showcase of Reports that I put together, you can see the real capabilities of XBRL. If you want to have a look at a set of working prototype financial reporting schemes that go from very small to quite large, see my Platinum  Examples. If you want to see for yourself how to create a report, see Getting Started with Luca Suite.  If you want to experiment with a good but technical oriented open source XBRL processor, try Arelle. Here is an XBRL-based financial report that was submitted to the SEC, rendered as HTML.

Additional Information:


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