Common Elements Financial Reporting Scheme

Common Element is a "financial reporting scheme" is a working proof of concept that is beginning to show the true characteristics of a full financial reporting scheme. This financial reporting scheme builds on SFAC6 and SFAC8 by introducing the notion of the "four statement model" of financial reporting and the notion of articulation; the fact that all four of the core financial statements are connected mathematically.

Here is a reference implementation of a report created using this Common Elements financial  reporting framework.

The following video, XBRL-based Digital Financial Report Creation, is a comprehensive example of the capabilities of model-driven XBRL-based digital financial reports. This demonstration uses the Common Elements financial reporting scheme example.

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