The proposed model focuses on three main dimensions: 1) impounding technology into the reporting model, 2) providing an updated information economics improved reporting model and 3) changing many principles of reporting disclosure.
Technology:
Changing the medium of the report, capturing transactions at the XML atomisitic level, using databases for reporting, OLAP technology, drill downs, hyperlinks, style sheets, etc.
Information:
Substantial changes in external and internal data content and in the attributes of data in particular frequency, timeliness, level of aggregation, publicity of data,
Rules of Measurement
Business reporting portal, virtual entities, points of comparison, non-financials, relationship reporting, continuity equations, real time analytics, dynamic valuations, KPIs and analytical monitoring, future oriented information, formalization of business artifacts, formalization of MDNA.
