XBRL Details Matter: Telling a Complete Financial Story
In early 2011, we introduced a three-part white paper series on XBRL written by Dean Ritz, Director of XBRL Solutions. Part I of this white paper,"The Devil is in the XBRL Details: Year 2 Compliance," examined one of the biggest challenges faced by filers detail tagging their financial reports—namely the number of facts reported and the complexity of each fact.
Part II of this white paper series, "The Devil is in the XBRL Details: Multiple Endings to Your Business Reporting Story," explored another aspect of complexity of Year 2 compliance: the availability of multiple ways to represent your business reporting ideas through dimensional and non-dimensional asset classes. With the June 2012 quarter on the horizon and Tier 3s knocking at the door, the third installment in this white paper series brings the prior pieces together in, "XBRL Details Matter: Telling a Complete Financial Story."
This white paper explains the reasons for XBRL detail tagging complexity and describes a method that helps you produce a complete financial story. Read the complete white paper, "XBRL Details Matter: Telling a Complete Financial Story."
About the Author
Dean Ritz is a subject matter expert in information modeling with over three decades of experience in various data-dominated domains, including artificial intelligence, expert systems, object-oriented programming, and most recently the modeling of financial information. As a Senior Director at Workiva, he applies his expertise to product strategy for collaborative work management and the management of the company’s expanding patent portfolio. His interests extend to the topics of rhetoric and ethics, with scholarly work in these areas published by Oxford University Press (2011, 2009, 2007), and Routledge (2017).