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start [2019/06/25 17:11] privett [4. Deliverables] Used official 2 pager link |
start [2023/08/29 18:55] admin [Standard Business Report Model] Complete revamp |
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| ===== Standard Business Report Model ===== | ===== Standard Business Report Model ===== | ||
| - | The Standard Business Report Model (SBRM) is a standardization initiative launched among a group of interested people at the end of 2018. The purpose of this wiki site is to support the work of this group. | + | The Standard Business Report Model (SBRM) is a standardization initiative launched under the aegis of the [[https://www.omg.org/bmi|Business Modeling & Integration Domain Task Force]] at the end of 2018. The purpose of this wiki is to support the work of people involved in this, who de facto constitute a Working Group (OMG Policies & Procedures do not strictly specify how a working group is formed or governed). |
| - | OMG Policies & Procedures do not strictly specify how a working group is formed or governed. By virtue of having assembled to pursue SBRM, the participants constitute, and can call themselves, a Working Group. | + | Here is a summary of the timetable of the SBRM effort: |
| + | * The group was formed at the end of 2018 | ||
| + | * A mailing list was created in January 2019 | ||
| + | * A Request for Proposals (RFP) was developed and issued | ||
| + | * An initial submission was made by Adaptive, represented by Pete Rivett | ||
| + | * Some of the impetus for SBRM came from the prospect of the adoption by the U.S. Congress of a Financial Data Transparency Act (FDTA), an effort that was delayed multiple times between 2019 and 2022 | ||
| + | * Adaptive lost its OMG membership, rendering their submission moot | ||
| + | * In 2022, with FDTA being revived and eventually being passed as an add-on to a budget law, the need for SBRM was revived and the process was reopened | ||
| + | * In early 2023, based on the interest manifested by some new companies, the process was once again reopened to allow them to participate | ||
| + | * The new deadline for letters of intent passed on 23 June 2023 | ||
| + | * The current deadline for an initial submission is 6 November 2023 | ||
| + | * The current deadline for revised submissions is 20 May 2024 | ||
| ==== 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 ^ | ||
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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 |
| - | * **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 | ||
| Line 38: | Line 51: | ||
| * **Dean Ritz** -- Workiva | * **Dean Ritz** -- Workiva | ||
| + | *authorized to edit this wiki | ||
| ---- | ---- | ||
| Line 44: | Line 58: | ||
| The SBRM Working Group met weekly by teleconference during the first half of 2019. | The SBRM Working Group met weekly by teleconference during the first half of 2019. | ||
| - | A presentation on SBRM, **and vote to issue the RFP**, took place at the OMG Technical Meeting week in Amsterdam, NL, on Wednesday, June 19, 2019. | + | A presentation on SBRM, **and vote to issue the RFP**, took place at the OMG Technical Meeting week in Amsterdam, NL, on Wednesday, June 19, 2019. |
| - | + | ||
| - | //(we may add here notes from meetings, or create sub-pages, one per meeting)// | + | |
| ---- | ---- | ||
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| 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. | 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. | ||
| - | The schedule is to have initial submissions presented in December (in Long Beach) with adoption in March 2020 (at Reston, VA). | + | 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 data sheet summarizing SBRM was created in April 2019: https://www.omg.org/intro/SBRM.pdf | + | 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 (XBRL) 2.1// [[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: 2023/10/07 19:33 by admin
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