Digital Financial Reporting/Digital Financial Reporting Principles

The following are digital financial reporting principles. Recognize that the goal is the meaningful exchange of information readable by both humans and machines Meaningful exchange requires prior existence of agreed upon technical syntax, business domain semantics, and business domain workflow/process rules Recognize that even if SEC filing rules and the US GAAP XBRL Taxonomy may allow for ambiguity; approaches do exist where SEC filings rules can be followed and information is consistent, explicit and unambiguous Recognize that being explicit contributes to the unambiguous interpretation of reported information Strive for consistency Recognize the difference between presentation and representation Recognize that a financial report must be a true and fair representation Recognize that financial reports contain a discrete set of report elements which have specific properties and relations Recognize that digital financial report elements can be categorized into common groups which have common relevant properties Recognize that each category of report elements has allowed and disallowed relations Recognize and respect relations between SEC Level 3 [Text Block]s and SEC Level 4 Detail disclosures Recognize the existence of and properly respect and represent intersections between financial report components Recognize and respect fundamental accounting concepts and unchangeable relations between those accounting concepts Recognize and respect common financial report component arrangement patterns Recognize and respect common member arrangement patterns Avoid mixing or run-together concept arrangement patterns Avoid mixing distinct characteristics and concepts Recognize need for both automated and manual verification processes Recognize that concepts cannot be moved between fundamental accounting concept categories or classes Recognize that concepts reported within a financial report can be grouped into useful sets or classes Avoid unknowingly changing information representation approach midstream Avoid inconsistencies in network identification Recognize that characteristics apply to all reported facts within a report component Recognize that rendering engines render presentation differently but the meaning is the same across all rendering engines Recognize that the number of members in reported set does not change the characteristics of a reported fact Label networks with meaningful information Understand that every financial report has one report frame or report pallet For details see: Digital Financial Reporting Principles