Edmund Gimzewski

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Schema languages like XBRL (the Extensible Business Reporting Language) can define the structure of a financial statement, and the data itself can be saved as an XML instance of the schema. The data is often processed further using formulas; for example, to verify balances and derive data for financial analysis. This processing is traditionally done in a non-XML application, but staying in the world of XML, I ask: How well can XSLT (the Extensible Stylesheet Transformation Language) do these calculations and what are the advantages? Using this language to create data is called Computational XSLT and it opens the way to distributing financial formulas as a set of equivalent XSLT functions that are readable and run on any XSLT processor. No new standard is proposed but a new role for XSLT 1.0/2.0 or XQuery1.0 (the XML Query Language) is suggested, and this role is com... (more)