I am available for occasional consulting engagements in electronic financial reporting, but please first approach my clients CoreFiling.

For more information, see stevebaker.info.

Six fast hours of work later: full featured CMS-driven site with a page structure in place, ready for anyone to add content.

Nearly free: you need a handy server and should make some donations.

I make no claims about this extract’s correctness, I simply found this old-fashioned piece an interesting perspective for the engineer coming to terms with the requirements of professional accounting today:

In balance sheets and in profit-and-loss statements the result of past action becomes visible as the difference between the money equivalent of funds owned (total assets minus total liabilities) at the beginning and at the end of the period reported, and as the difference between the money equivalent of costs incurred and gross proceeds earned. In such statements it is necessary to enter the estimated money equivalent of all assets and liabilities other than cash. These items should be appraised according to the prices at which they could probably be sold in the future or, as is especially the case with equipment for production processes, in reference to the prices to be expected in the sale of merchandise manufactured with their aid. However, old business customs and the provisions of commercial law and of the tax laws have brought about a deviation from sound principles of accounting which aim merely at the best attainable degree of correctness. These customs and laws are not so much concerned with correctness in balance sheets and profit-and-loss statements as with the pursuit of other aims.

Commercial legislation aims at a method of accounting which could indirectly protect creditors against loss. It tends more or less to an appraisal of assets below their estimated market value in order to make the net profit and the total funds owned appear smaller than they really are. Thus a safety margin is created which reduces the danger that, to the prejudice of creditors, too much might be withdrawn from the firm as alleged profit and that an already insolvent firm might go on until it had exhausted the means available for the satisfaction of its creditors.

Contrariwise tax laws often tend toward a method of computation which makes earnings appear higher than an unbiased method would. The idea is to raise effective tax rates without making this raise visible in the nominal tax rates schedules. We must therefore distinguish between economic calculation as it is practiced by businessmen planning future transactions and those computations of business facts which serve other purposes.

(Paragraph breaks my own.)

So, I believe XBRL is about to take off in the UK. Please contact my client CoreFiling for more information.

We’re applying the same kind of process isolation you find in modern operating systems.

Bets on Chrome being extended in a couple of years to provide virtualisation?

Thanks for coming!

ERROR MESSAGE READS:

Some actions taken while the account [an IMAP account] was offline could not be completed online.
Mail has undone actions on some messages so that you can redo the actions while online. Mail has saved other messages in mailbox “Drafts-87” in “On My Mac” so that you can complete the actions while online.

Additional information: The connection to the server [IMAP server] on port [number] timed out.

The Drafts keep coming!!!!

Do the following, and only the following:

0 – Quit Mail
1 – Launch the Terminal application from within Utilities in Finder.
2 – Paste the following command into Terminal exactly as is and press return:

find Library/ -name .OfflineCache -exec rm -r {} \;

3 – Quit Terminal.
4 – Restart Mail

In the two years I have been in the City, XBRL has come a long way. CoreFiling is really starting to pull things together.

Building on the Eclipse platform, CoreFiling have not only rocketed ahead of their competitors in the field of XBRL taxonomy development, with a tool that is robust, usable and effective, but they are also offering a free personal version.

I recommend you go try it for yourself.

Right now, I am working on three different XBRL training courses – for managers, developers and taxonomists – and it looks like I may be traveling to consult in the Antipodes and the Caribbean…

If time allows, I plan some XBRL tutorials…