Patent ID: 7870046
Filing Date: 2011-01-11
Classification: G06Q

Abstract:
1. A computer-implemented method for producing a standardized financial report from a company financial report, the company financial report including a plurality of line items, each line item including at least a company-specific term and a corresponding value, the method comprising: maintaining a taxonomy library in a computer-readable medium, wherein the taxonomy library maps each of a number of company-specific terms to at least one corresponding standard term; mapping, by a specially programmed computer processor in communication with the computer-readable medium, a company-specific term from a line item in the company financial report to a corresponding standard term in the taxonomy library; and generating a standardized financial report having a plurality of standardized line items, wherein at least one standardized line item incorporates the standard term and the corresponding value from the line item in the company financial report, and a link to the source of the value in the company financial report.