XBRL-based Digital Financial Reporting

A fundamental reorientation of the state of affairs is about to happen; is happening now.  I refer to my personal fundamental reorientation " modern accountancy " for my universe of discourse.  My Seattle Method is how I am  addressing this fundamental reorientation.  And  I am pretty sure this fundamental reorientation is coming to your universe of discourse (area of knowledge) as well. In two previous posts I mentioned the Atomic Design Methodology ( post 1 ; post 2 ).  I wanted to come back to the Atomic Design Methodology because I believe it is very important. The W3C describes the Resource Description Framework (RDF) as " a framework for representing information on the Web." See the RDF 1.2 specification here . By "on the web" I believe the W3C means "anywhere".  That that means is that information has some sort of context and that context might be local to you or global.  To resolve conflicts, IRIs , or Internationalized Resource Identif...

Poka Yoke is about the prevention and elimination of the possibility of mistakes.  Poka Yoke is a Japanese term that means “mistake-proofing.” Poka Yoke is a Lean Six Sigma technique.  Poka Yoke refers to mechanisms used in lean manufacturing processes to help prevent mistakes from occurring, thus ensuring high-quality production and reducing defects. Poka Yoka was developed by Shigeo Shingo in the 1960s as part of the Toyota Production System, this method has become an integral tool in modern manufacturing. Poka Yoke, and other such Lean Six Sigma techniques, principles, and practices can also be used in accounting processes and in the creation of software tools. Poka Yoke is a powerful quality control technique that helps prevent errors and mistakes.  Errors are made noticeable so that they can be corrected or impossible.  It helps improved efficiency and reduce costs. Poka Yoke is about investing in building systems where errors do not occur because the cost of ...

This is information related to the Standard Business Report Model (SBRM) which is being published by the Object Management Group (OMG). Per the  SBRM specification document, "The Standard Business Report Model (SBRM) provides a set of modeling constructs for representing business and regulatory reporting that are reusable in different modeling and data deployment environments. It acts as a Platform Independent Model for report documents and data structures, complementing established platform-specific models such as eXtensible Business Reporting Language (XBRL)." Effectively, SBRM is intended to provide a formal logical conceptualization of a business report expressed using OWL , SHACL , and RDF .  That logical conceptualization is intended to be consistent with XBRL International's published logical conceptualization, the Open Information Model and the Seattle Method which is a logical conceptualization specific to financial reporting. Standard Business Report Model (SB...