HOME - Logical Theory Describing Financial Report

This set of web pages provides information relating the logical theory that describes a financial report and implementing that theory using XBRL. For additional information, please see the INDEX page.

OMG's SBRM formally documents a logical conceptulization of a business report in both human-readable and machine-readable models. For more information see Standard Business Report Model (SBRM). The focus here is on financial reports which is a specialization of a business report. Ultimately, SBRM will the foundation of this logical conceptulization of a financial report once that standard is finalized.

This document, Special Theory of Machine-based Automated Communication of Semantic Information of Financial Statements explains what is trying to be achieved and more importantly HOW to achieve it.

Overview of SBRM for Business Professionals and Technical Professionals

• UML (DRAFT): UML diagrams of SBRM (currently a DRAFT until these are finalized).
• Terms: Information about the terms that make up SBRM.
• Axioms: Information about the axioms (rules) that make up SBRM.
• Associations (Informal): Information about the associations between terms defined by the axioms.
• List (Human readable) (Informal): Information about the terms and associations between terms in the form of a list.
• List (Machine readable) (Informal): Information about the terms and associations between terms in the form of a list.
• List (Machine readable XBRL) (Informal): Information about the terms and associations between terms in the form of a list.
• Narrative: Narrative describing the logical conceptualization of a business report defined by SBRM.
• Primer: Primer which explains the basics of implementing SBRM.
• Method: Best practices method for implementing SBRM.
• Framework: Best practices technical framework for implementing SBRM.
• Profile: Best practices XBRL technical profile for implementing SBRM.
• Examples: Examples of implementing SBRM.
• Conformance Suite: Conformance suite for testing your implementation of SBRM.
• Proof: Proves that everything works as expected in implementation of SBRM.

Very basic examples of implementing XBRL using SBRM

• Accounting Equation: Represents the accounting equation using SBRM.
• FASB's SFAC 6 - Elements of Financial Statement: Represents FASB's SFAC 6 elements of financial statement using SBRM.
• Common Elements of a Financial Report: Represents model of common elements of a financial report using SBRM.
• Proof: Represents each of the concept arrangement patterns within one report to test the interaction between each pattern.
• Internal Financial Statement: Represents internal financial report using SBRM.
• Financial Reporting Scheme: Working proof of concept of a reporting scheme, not-for-profit financial reporting using US GAAP, represented using XBRL and SBRM.
• Examples of XBRL-based Financial Reports: Multiple human-readable and machine-readable examples of XBRL-based financial reports.
• Mastering XBRL-based Digital Financial Reporting: Most current examples.
• Pesseract: Working proof of concept software application.

More Information

• Auditing XBRL-based Financial Reports: Practical guidance related how to audit XBRL-based financial information.
• Financial Report Genome Project: Explains why there can be ONE logical model of a financial report that is used globally.
• Artificial Intelligence and Knowledge Engineering in a Nutshell: Basic background information that is necessary to properly understand the future of financial accounting, reporting, auditing, and analysis.
• Accounting in the Fourth Industrial Revolution: Helps accountants wrap their heads around accounting in a digital environment.
• Comparison of Financial Reporting Schemes: Compares several financial reporting schemes.
• Comparison of Elements of Financial Statements: Compares high-level elements of financial statements of several financial reporting schemes.

Some of the Supporters of SBRM

• Charles Hoffman, CPA - Charles Hoffman, CPA and co-creator of Pesseract.
• Raynier van Egmond - XFintell Intelligent Financial Data Analysis Solutions.
• Dean Ritz - Workiva (supporting as an individual).
• Pramodh Vittal - DataTracks Services Limited.
• Hamed Mousavi - Self employed software engineer and co-creator of Pesseract.
• Andrew Noble, PNA, BBus - Noble Accounting and LodgeiT.
• Brian Milnes - XBRL Cloud.
• Bill Seddon - Liquidity.
• Jim St. Clair - Dinocrates Group.
• Mirek Sopek - MakoLab.
• Jason Meyers - Auditchain GmbH.
• Dianne Schepers - DCARPE Alliance Association.
• Evgeny Zion - Picom Software Systems, LTD.
• Andi Kerenxhi - Ubineer.
• Dudley Gould - Audapio.
• Miguel Calejo - Logical Contracts.