Fundamental Accounting Concepts (Prototype 2)

This resource provideds documentation for the fundamental accounting concepts. Documentation is provided in both human-readable and machine-readable form. All machine-readable information is XBRL-based.

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This resource provideds documentation for the fundamental accounting concepts. Documentation is provided in both human-readable and machine-readable form. All machine-readable information is XBRL-based.

  • Concepts - high-level financial report concepts
  • Neworks - organize the concepts into sets of relations
  • Consistency rules - business rules that explicitly state the relations between concepts
  • Impute Rules - rules for imputing high-level concepts which are not explicitly reported
  • Mappings - concepts which economic entities use to report high-level financial report concepts
  • Reporting styles - sets of networks which detail how specific economic entities report

Understanding Reporting Styles

To understand reporting styles, look at these examples.

Example

Each reporing style would have an entry point. Here is the entry point for the most popular reporting style (used by about 2,174 public companies, COMID-BSC-CF1-ISM-IEMIB-OILY-SPEC6: machine-readable | human-readable. Reporting styles can be 100% generated by automated software processes using prototype theory. There is no need to assign report frame codes to reporting entities.


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