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[Bug 14728] New: XBRL community needs precisionDecimal, please don't remove it

From: <bugzilla@jessica.w3.org>
Date: Tue, 08 Nov 2011 16:31:10 +0000
To: www-xml-schema-comments@w3.org
Message-ID: <bug-14728-703@http.www.w3.org/Bugs/Public/>

           Summary: XBRL community needs precisionDecimal, please don't
                    remove it
           Product: XML Schema
           Version: 1.1 only
          Platform: PC
        OS/Version: Windows NT
            Status: NEW
          Severity: critical
          Priority: P2
         Component: Datatypes: XSD Part 2
        AssignedTo: David_E3@VERIFONE.com
        ReportedBy: fischer@markv.com
         QAContact: www-xml-schema-comments@w3.org
                CC: cmsmcq@blackmesatech.com

This is feedback by the XBRL Base Specification Working Group on the comment in
http://www.w3.org/TR/2011/CR-xmlschema11-2-20110721/ that "the precisionDecimal
datatype has been removed since there does not seem to be sufficient consensus
in the community for its retention".

XBRL is a major standard based on XML, by XBRL International (http://xbrl.org),
and we are the chairs of its base specification working group.   Using XBRL,
Financial Reporting to the U.S., European, and Asian countries regulatory
agencies (such as U.S. SEC), and International Banking community prudential
reporting, is all done in XBRL, based on XML.

Reporting of numeric elements requires precision and XML decimals data types. 
XBRL users have clear and present need for precisionDecimal as a data type, and
as part of XPath's near term evolution.  XBRL at present is forced to use an
attribute to report precision of each numeric element, and without intrinsic
schema support, the arithmetic operations of XPath are not supportive of
precison-based operations of the underlying IEEE floating point standard.

Please let us know how we can better communicate the importance of this
feature, and effectively work together with your working group.

    Mark Goodhand, CoreFiling
    Herm Fischer, Mark V Systems

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Received on Tuesday, 8 November 2011 16:31:13 UTC

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