Fundamental Accounting Concepts

This resource provideds documentation for the fundamental accounting concepts. Documentation is provided in both human-readable and machine-readable form. All machine-readable information is XBRL-based.

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Concepts - high-level financial report concepts
Neworks - organize the concepts into sets of relations
Consistency rules - business rules that explicitly state the relations between concepts
Impute Rules - rules for imputing high-level concepts which are not explicitly reported
Mappings - concepts which economic entities use to report high-level financial report concepts
Reporting styles - sets of networks which detail how specific economic entities report

Understanding Reporting Styles

To understand reporting styles, look at these examples.

Example

Each reporing style would have an entry point. Here is the entry point for the most popular reporting style (used by about 2,174 public companies, COMID-BSC-CF1-ISM-IEMIB-OILY-SPEC6: machine-readable | human-readable. Reporting styles can be 100% generated by automated software processes using prototype theory. There is no need to assign report frame codes to reporting entities.

Concepts

Human-readable: HTML | Machine-readable: XBRL

Networks

Human-readable: HTML | Machine-readable: XBRL

Consistency Rules

Human-readable: RSS | Machine-readable: RSS

(NOTE: I think the HUMAN readable version should be RSS, and the MACHINE readable version would be XBRL)

Impute Rules

Human-readable: RSS | Machine-readable: RSS

(NOTE: I think the HUMAN readable version should be RSS, and the MACHINE readable version would be XBRL)

Mappings (NOTE: This needs to be adjusted; mappings should be PER NETWORK, NOT PER REPORT STYLE like in the past)

Human-readable: HTML | Machine-readable: XBRL

Reporting Styles (NOTE: This may not be necessary at all, a reporting style is simply the set of networks used)

Human-readable: HTML | Machine-readable: XBRL

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