The Danish Business Authority – Machine Learning The Danish Business Authority, Erhvervsstyrelsen, is exploring cutting edge ways to apply a number of machine learning techniques to predict possible corporate failures. It is using the XBRL financial statements that it collects from the
Ukraine Moves To Minimise Red Tape, Centralise Reporting After a significant amount of preparation and planning, Ukraine this week announced plans to move towards a “Hub and Spoke” based single financial reporting system using XBRL. Following passage of new accounting laws (using
The following slide on XBRL conversion steps would provide an indicative step-wise approach for conversion of financial statetments into XBRL instance document. The outputs are usually in .xml formats. XBRL Conversion Steps from Volition LLP For accounts outsourcing services, you
In May, the UK’s Financial Reporting Council (FRC) Lab released a report on the first phase of the Digital Future Project. This set out a framework which will be important to embed into any future system for digitally enabled reporting.