The Eurofiling project, a descendent of Corep/Finrep projects, has to consist of (at least) two important parts: an XBRL taxonomy and an XBRL Formula – a close companion to a taxonomy. Without properly defined formulas covering all the important aspects of report filing, the quality of the reports will always be in question.

The purpose of document attached below is to present a method of effective XBRL Formula development using Formula Meta Description (FMD). FMD is an abstract way of describing business rules of data in a way which is easily understood by other project participants.

  Formula Meta Description [v1.1]