Financial Report Semantics and Dynamics Theory
Conceptual Model of a Digital Financial Report
- A fact defines a single, observable, reportable piece of information contained within a financial report, or fact value, contextualized for unambiguous interpretation or analysis by one or more distinguishing characteristics. Facts can be numbers, text, or prose.
- A financial report provides facts.
- Facts can be organized into report fragments or sets.
- A set or a report fragment represents a block (used as a matter of convenience).
- A disclosure is represented using one or many blocks.
- One fact is distinguished from another fact using aspects. (Another term for aspect is characteristic.)
- Disclosures can be organized into topics.
- A fact can be PART-OF (WHOLE-PART) another fact.
- A fact can be a TYPE-OF (IS-A) some other fact.
- A fact can be computationally related (roll up, roll forward, adjustment, variance, etc.) to another fact.
- A fact can be PART OF (an intersection between) two or more report fragments.
- A fact table is a set of facts which go together for some specific reason which can be described. (A fact table correlates with a report fragment).
- Grain is the level of depth of information or granularity.