XBRL is, in fact, multi-language. The European Union publishes their ESMA XBRL Taxonomy in 26 different languages.
XBRL is used by over 100 different regulators in 60 countries: https://www.xbrl.org/xbrl-around-the-world/ Every public company that is regulated by the U.S. Securities and Exchange Commission has used XBRL since 2009: (about 6,000 companies and 5,000 mutual funds) https://edgardashboard.xbrlcloud.com/edgar-dashboard/ Every bank that is regulated by the FDIC has used XBRL since 2003: (about 6000 banks) Every energy company regulated by the FERC will start using XBRL in 2021: (about 650) Every listed company in the European Union reports to the European Single Market Authority (ESMA) using XBRL starting this year: (about 10,000 listed companies) I could go on and on... Cheers, Charlie On Monday, May 4, 2020 at 2:07:46 PM UTC-7, Charles Hoffman wrote: > > Question for this group. Are you aware of XBRL? Is there anyone > interested in investigating adding the capability to map XBRL concepts to > the Ledger chart of accounts. This would enable the ability to enter a > transaction and then the transaction could "flow" all the way through to an > XBRL-based financial report. Further, if one additional code was added to > the general journal, you could also automate the process of creating a > correct cash flow statement. > > There are lots and lots of other possibilities such as turning Ledger into > an expert system for accounting and reporting. > > For a plethora of information about XBRL, please see my blog: > > http://xbrl.squarespace.com/ > > 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 > > Cheers, > > Charlie > https://www.linkedin.com/in/charleshoffmancpa/ > -- --- 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/2907bad8-e070-4da6-9da5-46da9f09967b%40googlegroups.com.
