Accounting equation representation in XBRL.

1. Accounting Equation
Charles Hoffman, CPA (Charles.Hoffman@me.com)
March 7, 2020

2. Accounting Equation
• Assets = Liabilities + Equity
• https://en.wikipedia.org/wiki/Accounting_equation

3. Accounting Equation Representation in XBRL
• Files: http://xbrlsite.azurewebsites.net/2019/core/master-ae/
• Documentation: http://xbrlsite.azurewebsites.net/2019/core/master-ae/Documentation.pdf

4. Accounting Equation Representation in XBRL
• Terms
• Structures
• Associations (a.k.a. Relations)
• Rules (a.k.a. Assertions)
• Facts

5. Terms
• Assets
• Liabilities
• Equity
• Balance Sheet (functional term, describes a structure)

6. Structures
• Balance Sheet

7. Rules (a.k.a. Assertions)
• Assets = Liabilities + Equity

8. Associations (a.k.a. Relations)
• Assets is PART OF the Balance Sheet.
• Liabilities is PART OF the Balance Sheet.
• Equity is PART OF the Balance Sheet.
• Balance Sheet HAS PART Assets.
• Balance Sheet HAS PART Liabilities.
• Balance Sheet HAS PART Equity.

9. Facts
• Assets for ABC Company as of December 31, 2019 is $5,000
expressed in US Dollars.
• Liabilities for ABC Company as of December 31, 2019 is $1,000
expressed in US Dollars.
• Equity for ABC Company as of December 31, 2019 is $4,000
expressed in US Dollars.

10. Informal Representation

11. Accounting Equation Represented Informally
as Knowledge Graph

12. Accounting Equation Represented Formally in
Prolog

13. Accounting Equation Represented Formally in
Global Standard XBRL

14. Accounting Equation Represented Formally in
Global Standard XBRL; Rendered in Human
Readable Form

15. Accounting Equation
• Terms
• Simple
• Assets
• Liabilities
• Equity
• Functional
• Balance Sheet
• Associations
• Assets PART-OF Balance sheet
• Liabilities PART-OF Balance Sheet
• Equity PART-OF Balance Sheet
• Structures
• Balance sheet
• Assertions
• Assets = Liabilities + Equity
• Facts
• Assets = 5,000
• Liabilities = 1,000
• Equity = 4,000

16. Accounting Equation