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start [2019/03/14 00:55]
admin [5. Call for Participation] Removed spurious mailto: from emails
start [2020/01/23 19:17]
admin [6. Related Standards and Papers] Added Hoffman's manifesto page
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 ==== 1. Rationale and Mission ==== ==== 1. Rationale and Mission ====
  
-//(briefly explain ​the reason why SBRM is needed)// +The rationale for the creation of SBRM is that the XBRL language (and "​inline XBRL"define a standard for a machine-readable format of a business report, but do not specify standard semantics. For example, a valid XBRL file does not have to be balanced -- the sums of assets and liabilities of a company are not necessarily equal. A semantically complete standard would allow the report designer to express that a certain value must be equal to the sum, difference, product, or ratio of some other items contained in the report; or that a certain item cannot be blank if another item has a negative value; etc. 
 + 
 +Further, the creation of SBRM responds to the needs of various regulatory agencies, sometimes codified in various legislative acts of countries, states or provinces, to provide reports that are devoid of basic errors -- up to and including reports that "do not add up."
  
 ^ Charter ^ ^ Charter ^
 | The OMG Standard Business Report Model (SBRM) Working Group was formed to lead the work to solicit and adopt specifications for a common report metamodel, an ontology, and other related specifications it will deem necessary to advance the state of digital business reporting.\\ \\ The SBRM WG will pursue its objective through the creation of discussion papers, the preparation of an RFP, and the submission of specifications for evaluation and adoption. The SBRM WG will work in close cooperation with other OMG subgroups, including but not limited to the Business Modeling and Integration Domain Task Force (BMI DTF) and the Finance Domain Task Force (FDTF), to pursue successful technology adoption according to OMG Policies & Procedures.\\ \\ The Standard Business Report Model shall address the broader reporting needs of the business community, not limited to the financial domain or to U.S. organizations,​ laws and regulations.\\ \\ The SBRM WG will leverage its members’ connections with various organizations,​ including government authorities worldwide and other standards groups, in promoting the adopted technologies in order to generalize and streamline digital business reporting.\\ \\ The WG will consider the following in its work:\\ * The existing work and body of knowledge related to the eXtensible Business Reporting Language (XBRL), so that business reports that conform to the model can be expressed in the XBRL and Inline XBRL syntaxes.\\ * Existing and upcoming OMG standards such as the Ontology Definition Metamodel (ODM), the Unified Modeling Language (UML), the Business Architecture Core Metamodel (BACM), and others.\\ * The report requirements embodied in various laws and regulations,​ such as (but not limited to) the U.S. DATA Act of 2014 and the U.S. Government Accountability Office (GAO) Report 18-138.\\ * The need for business professionals to understand the documentation provided for the model such that they can effectively verify the accuracy of the model. | | The OMG Standard Business Report Model (SBRM) Working Group was formed to lead the work to solicit and adopt specifications for a common report metamodel, an ontology, and other related specifications it will deem necessary to advance the state of digital business reporting.\\ \\ The SBRM WG will pursue its objective through the creation of discussion papers, the preparation of an RFP, and the submission of specifications for evaluation and adoption. The SBRM WG will work in close cooperation with other OMG subgroups, including but not limited to the Business Modeling and Integration Domain Task Force (BMI DTF) and the Finance Domain Task Force (FDTF), to pursue successful technology adoption according to OMG Policies & Procedures.\\ \\ The Standard Business Report Model shall address the broader reporting needs of the business community, not limited to the financial domain or to U.S. organizations,​ laws and regulations.\\ \\ The SBRM WG will leverage its members’ connections with various organizations,​ including government authorities worldwide and other standards groups, in promoting the adopted technologies in order to generalize and streamline digital business reporting.\\ \\ The WG will consider the following in its work:\\ * The existing work and body of knowledge related to the eXtensible Business Reporting Language (XBRL), so that business reports that conform to the model can be expressed in the XBRL and Inline XBRL syntaxes.\\ * Existing and upcoming OMG standards such as the Ontology Definition Metamodel (ODM), the Unified Modeling Language (UML), the Business Architecture Core Metamodel (BACM), and others.\\ * The report requirements embodied in various laws and regulations,​ such as (but not limited to) the U.S. DATA Act of 2014 and the U.S. Government Accountability Office (GAO) Report 18-138.\\ * The need for business professionals to understand the documentation provided for the model such that they can effectively verify the accuracy of the model. |
  
-The SBRM Working Group intends to develop ​an RFP, which will be submitted to the Business Modeling & Integration (BMI) Domain Task Force, and will assist the BMI DTF in evaluating responses.+The SBRM Working Group has developed ​an RFP, which was issued through ​the Business Modeling & Integration (BMI) Domain Task Force in June 2019, and will assist the BMI DTF in evaluating responses.
  
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 The current members the Working Group are: The current members the Working Group are:
   * OMG members and staff:   * OMG members and staff:
-    * **Pete Rivett** -- Adaptive +    * **Pete Rivett*** -- Adaptive 
-    * **Elisa Kendall** -- Thematix +    * **Elisa Kendall*** -- Thematix 
-    * **Mike Bennett** -- EDM Council+    * **Mike Bennett*** -- EDM Council
     * **Richard Beatch** -- Bloomberg     * **Richard Beatch** -- Bloomberg
     * **Steve MacLaird** -- OMG     * **Steve MacLaird** -- OMG
     * **Bobbin Teegarden** -- OntoAge     * **Bobbin Teegarden** -- OntoAge
-    * **Lars Toomre** -- Brass Rat Capital LLC +    * **Lars Toomre*** -- Brass Rat Capital LLC 
-    * **Raynier** (aka René) **van Egmond** -- XBRL Consulting Partners LLC / Brass Rat Capital LLC +    * **Raynier** (aka René) **van Egmond*** -- XBRL Consulting Partners LLC / Brass Rat Capital LLC 
-    * **Claude Baudoin** -- cébé IT & Knowledge Management+    * **Claude Baudoin*** -- cébé IT & Knowledge Management
       * supports this wiki and other logistical aspects, and provides the liaison with the BMI DTF, which he co-chairs       * supports this wiki and other logistical aspects, and provides the liaison with the BMI DTF, which he co-chairs
  
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     * **Dean Ritz** -- Workiva     * **Dean Ritz** -- Workiva
  
 +*authorized to edit this wiki
 ---- ----
  
 ==== 3. Meetings ==== ==== 3. Meetings ====
  
-The SBRM Working Group is meeting ​weekly by teleconference during the first quarter ​of 2019.+The SBRM Working Group met weekly by teleconference during the first half of 2019.
  
-A presentation on SBRM is scheduled for the OMG Technical Meeting week in RestonVA. It will take place during the BMI DTF meeting ​on MondayMarch 1810:30 am--12:00 pm EDTRemote attendance will be enabled. +A presentation on SBRM, **and vote to issue the RFP**, took place at the OMG Technical Meeting week in Amsterdam, NL, on WednesdayJune 192019.
- +
-//(we may add here notes from meetings, or create sub-pages, one per meeting)//+
  
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 ==== 4. Deliverables ==== ==== 4. Deliverables ====
  
-The draft RFP, which will be presented at the BMI meeting on March 18th, is available with document number bmi/2019-02-01 on the OMG website here https://​www.omg.org/​cgi-bin/​doc?​bmi/​2019-02-01.+The official ​RFP, which has now been formally issued by OMG, is available with document number bmi/2019-06-04 on the OMG website here https://​www.omg.org/​cgi-bin/​doc?​bmi/​2019-06-04.
  
-It will continue to evolve with the target ​of formally issuing it at the Amsterdam ​meeting in June.+A status report on the progress ​of the submission was given at the September 2019 meeting ​(Nashville). 
 +  
 +The revised schedule is to have initial submissions presented ​in December 2019 (Long Beach) with adoption in March 2020 (Reston, Va.). 
 + 
 +A [[https://​www.omg.org/​intro/​SBRM.pdf|data sheet summarizing SBRM]] was created in April 2019. 
 + 
 +An [[http://​xbrlsite.azurewebsites.net/​2019/​Prototype/​sbrm/​Home.html|Overview of SBRM]] was created by Charlie Hoffman. It consists of 9 parts: Terms, Axioms, Associations,​ Narrative, Primer, Method, Technical, Examples, Conformance Suite.
  
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 ==== 6. Related Standards and Papers ==== ==== 6. Related Standards and Papers ====
  
-  * XBRL International: //Extensible ​Business ​Reporting Language ​(XBRL2.1// [[http://​www.xbrl.org/​Specification/​XBRL-2.1/​REC-2003-12-31/​XBRL-2.1-REC-2003-12-31+corrected-errata-2013-02-20.html|Link]] +OMG: [[https://www.omg.org/​intro/​SBRM.pdf|Standard ​Business ​Report Model]] ​(Data Sheet) 
-  ​* ​XBRL International: ​//Inline XBRL 1.1// [[https://​specifications.xbrl.org/​work-product-index-inline-xbrl-inline-xbrl-1.1.html|Link]] + 
-  * Hoffman, Charles, and Raynier van Egmond: //Method of Implementing a Standard Digital Financial Report Using the XBRL Syntax//. [[http://​xbrlsite.azurewebsites.net/​2019/​Library/​MethodForImplementingStandardFinancialReportUsingXBRL.pdf|PDF]] +XBRL International: ​[[http://​www.xbrl.org/​Specification/​XBRL-2.1/​REC-2003-12-31/​XBRL-2.1-REC-2003-12-31+corrected-errata-2013-02-20.html|Extensible Business Reporting Language (XBRL) 2.1]] 
-  * [[https://​specifications.xbrl.org/​work-product-index-formula-formula-1.0.html+ 
 +XBRL International:​ [[https://​specifications.xbrl.org/​work-product-index-inline-xbrl-inline-xbrl-1.1.html|Inline XBRL 1.1]] 
 + 
 +XBRL International: [[https://​specifications.xbrl.org/​work-product-index-formula-formula-1.0.html
 |XBRL Formula Specification]] |XBRL Formula Specification]]
 +
 +Hoffman, Charles, and Raynier van Egmond: [[http://​xbrlsite.azurewebsites.net/​2019/​Library/​MethodForImplementingStandardFinancialReportUsingXBRL.pdf|Method of Implementing a Standard Digital Financial Report Using the XBRL Syntax]]
 +
 +Hoffman, Charles: [[http://​xbrlsite.azurewebsites.net/​2019/​Library/​DemystifyingOntologies.pdf|Demystifying the Role of Ontologies in XBRL-based Digital Financial Reporting]]
 +
 +Hoffman, Charles: [[http://​xbrl.squarespace.com/​journal/​2019/​12/​19/​modern-approach-to-creating-a-financial-reporting-scheme.html |Modern Approach to Creating a Financial Reporting Scheme]]
 +
 +Hoffman, Charles: [[http://​xbrl.squarespace.com/​digital-financial-reporting-ma/​|Digital Financial Reporting Manifasto]]. //The Manifesto proposes to the institution of accountancy and the global community of professional accountants that an option can and ought to exist to express a general purpose financial report digitally. This web page summarizes the critically important information to help professional accountants think about this topic.//
 +
 +Araújo de Santana, A.R., Paulo Caetano da Silva, Márcio A. Pereira da Silva, and Maurício Codesso: [[http://​www.thinkmind.org/​index.php?​view=article&​articleid=iciw_2018_2_30_28008|xAudit:​ Auditing Representation in XBRL Based Documents]]
start.txt · Last modified: 2020/01/27 23:10 by rvanegmond