We are at 0 +180 days. Our public practice accounting timeline intersects with a magnanimous event that sits on the near term time horizon. The event represents a phase transition in our accounting compliance landscape and should be compared with a high...

Translation from one human language to another or from one machine language to another is an inefficiency in relation to human or machine communication. In a perfect world humans would speak a single language and in an even more perfect world we'd...

A new machine language is going to rapidly reshape the business reporting environment leading to big falls in the cost of accounting & regulatory reporting services. The language is going to be shared by humans & machines for talking about financial...

Hi Andrew, Yesterday's files had some new fields, such as breaking down the SBR names into their components separated by a "." This enables easier pivoting on say "Assets". I have responded to your email below with my comments...

Accounting firms are facing an increasingly complex regulatory environment as well as a more demanding marketplace which is creating a requirement for specialisation. Accounting firms also have to contend with a very tough labour market where it is not...

If you are at all interested in the nature & form of the emerging "New Economic Reality" then you must read the free online book, New Rules for the New Economy by Kevin Kelly, founder of Wired magazine & tech prophet. What really stood...

Though the concept of an ecosystem is coined from biology and biological systems, it is also relevant to economics and economic systems. Central to the biological ecosystem concept is the idea that living organisms are continually engaged in a set of...

The ATO is moving forward with their change program. Between 2008-2010 all accounting software will need to be XBRL GL compliant. www.xbrl.org (extensible business reporting language) the software has to be built using standard taxonomies (A special taxonomy...

A quick look at the historical timeline on my previous post should leave one with the impression that the rate of change in information processing technology is highly exponential (time on the x axis & computation on the y axis) and that the way that...

Traders and merchants have always wanted more sophisticated and quicker methods for organising and measuring financial information so as to be able to make informed investment choices but over a good deal of human history, changes in the way that merchants...