On Wed, May 6, 2020 at 7:29 AM o1bigtenor <[email protected]> wrote: > > On Tue, May 5, 2020 at 8:18 PM Charles Hoffman <[email protected]> wrote: > > > > I was able to get done what I needed to get done using the normal mechanism > > for specifying accounts and comments. This is what I came up with:
snip > >> Fundamentally, if you got the right metadata, which properly created XBRL > >> taxonomies can provide, there is a boatload of tasks that can be > >> automated: accounting, reporting, auditing, and analysis. > >> > >> For more information, please see: > >> > >> http://xbrl.squarespace.com/journal/2020/4/1/record-to-report-plus.html > >> > >> http://xbrl.squarespace.com/journal/2020/2/21/digital-financial-reporting-the-big-picture-in-pictures.html > >> > >> http://xbrl.squarespace.com/journal/2020/2/20/trends-in-financial-reporting.html > >> > > I'm trying to understand what this 'XBRL' is giving me. > I have been able to use 'ledger' and its flexibility to create > 'reports' so that my financial activities are easy > even though still tedious. The advantage to using this 'XBRL' system > is the pretty picture type of output. > Is that what the 'XBRL' system is about? > (likely shouldn't be even answering my own question and its become a rant detailing how accounting systems really don't seem to connect with what's actually happening out there. ) Really hadn't heard of XBRL before this thread started. Sounds like a reasonable recordkeeping idea. (Idea seems to be largely a XML for recordkeeping data. Its not really multi-lingual though and its really not clear if its seriously multi-national in scope either.) Wonder what the uptake by major corporations is like? Regards -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/CAPpdf58ZrUs7uRox7f7aQBFwJq17afDFNgoW_qTohDS4Va4QYg%40mail.gmail.com.
