XBRL-based Digital Financial Reporting

The semantic web or an enterprise knowledge graph is a set of statements of logic with global context represented in machine-interpretable form that is also readable and understandable to humans (so that those statements can be verified) that are usable by intelligent software agents .  But before you use those statements of logic you want to know the statements are correct. That set of statement of logic forms a theory.   Ontological commitment or commitment to a theory specifies what set of statements you commit to. Keeping in mind that everything is miscellaneous , somehow work can get done.  " Blind commitment to a theory is not an intellectual virtue: it is an intellectual crime ."  That statement is attributed to Imre Lakatos. Lakatos points out the importance of critical thinking and skepticism in intellectual pursuits such as coming up with a theory. He suggests that blindly adhering to a theory without questioning its validity or considering alterna...

It just seems to me that many people trying to explain the semantic web are making that explanation far more complicated than it really needs to be.  Many, if not most, are trying to explain the semantic web in technical terms and from an inappropriate perspective.  "Triples" or "nodes and edges". I am going to take a different approach.  I want to separate the "implementation" from the "logic" of the semantic web. First, the focus of the semantic web is not a bunch of semantics put on the web.  The focus is on performing work; it is about how work can be performed by an intelligent agent IF the "semantics" exist on the web.  Putting the semantics on the web is a means to achieve an end, performing that work. Second, what exactly is "semantics"?  Fundamentally, what many people call "the semantic web" is about putting what amounts to "statements" on the internet in a form that a machine can read and interpr...

Someone suggested the need for a roadmap to master digital financial reporting.  To master digital financial reporting, it seems to me that digital financial reporting first needs to exist. To determine if digital financial reporting exists, you have to know what exactly digital financial reporting is. So, what is digital financial reporting? The IFRS Foundation describes digital financial reporting in an introductory paper they wrote, Digital Financial Reporting -Facilitating digital comparability and analysis of financial reports . In that paper, they describe a digital financial report thus,  "A digital financial report is a financial report in a computer-readable structured data format."  Digital financial reporting, then, would be financial report creation using a computer-readable structured data format. I use the term model-driven financial reporting to describe digital financial reporting. In my view, digital financial reporting is model-druven, global standards...

Digital financial reporting is a thing.  The IFRS Foundation explains digital financial reporting  in an article, Digital Financial Reporting - Facilitating digital comparability and analysis of financial reports . OFFICIAL VERSION : The IFRS Foundation publishes an XBRL taxonomy for IFRS for SMEs (2024).  You can find official information about that XBRL taxonomy here on this web page, IFRS for SMEs as Published by IFRS Foundation (2024) . (Also see this PDF, IFRS Taxonomy Illustrated .) Since that official XBRL taxonomy is effectively a "pick list" created from the perspective of standards setters (i.e. not very practical, easy to use, and intended for ease of use by reporting economic entities);  ENHANCED VERSION : I have created an enhanced version of that same XBRL taxonomy, see  IFRS for SMEs 2024) - ENHANCED (Work in Progress) . The enhancements make the IFRS for SMEs XBRL taxonomy more useful in many different ways.  The enhancements are driven...