What happened to my paradigms?

What happened to my paradigms?

Everyone has paradigms. What is a paradigm? A paradigm is a very clear pattern or typical example of something as per Longman English Dictionary. But here it is referred to a thought pattern to the things existing and happening around us.
Our paradigms are not still. They are changing from one pattern to anther. This happens when things are viewed one way, then new information comes in and the way things are viewed changes in response to the new information. For example, the discovery of that the world is round greatly changed the view of the world from the one when people thought it was flat. Same rules apply to the personal paradigm shift when new information obtained, such as a learning experience. Learning Project Management for past 10 weeks has greatly changed my paradigm of project management. Before taking the course, I thought information technology project management was the job of somebody else, who would organize a group of technical staff to finish an IT project. It was far away from my role in an organization. I thought it was a task of purely technical, mysterious and with a lot of difficulties. If I were asked to join a team, I would like to accept a certain duty, of which I would be capable, to focus on it, and to complete it. By this way, I would fulfill my role in a team. But now I have a quite different view of information technology project management. When I think of information technology project management, I would see a larger picture from the organization’s perspective; I would analyze and assess benefits and costs of the project; I would consider human resources and tools needed for the project; I would consider outsourcing and performing procurement; I would consider the cost budget and time frame of the project; and I would consider the overall quality of the project including meeting the requirements, user friendliness, integration and security issues. These changes are positive and beneficial to future career and personal life. I feel they have brought in quality and energy to me. So basically, I have switched my role in a team from a team member to a team leader (or at least I could see farther and wider). This is because my paradigm has shifted from one pattern to another.

I believe that learning, training, working, and interacting with environment in other ways are the sources of getting new information, which will trigger the paradigm shifts. On the other hand, human beings don’t like change. There is often a battle between “need to change” and "don’t like to change”. So we are the owners of the changes. If we believe that our paradigm shifts in positive way, we should let go of the old thought pattern and make it happen.

Reference:
http://en.wikipedia.org/wiki/Paradigm
http://www.learntovisualize.com/Articles/How%20Change%20Occurs%20I.htm

XBRL

XBRL stands for extensible business reporting language which is a language for electronic communication of business and financial information. XBRL is based on XML which is developed by a non-profit international organization with an open standard and free of license fees. As it offers cost savings, greater efficiency and improved accuracy and reliability, many organizations are interested in implementing XBRL in their financial and business reporting.

XBRL can be adopted by all types of business. It can save costs and improve efficiency in processing business and financial information. Flexible and extensible characters make it easy to adapt all sorts of requirements for business and financial reporting.

As a public company, our company will certainly benefit from many of the advantages XBRL can provide. First, it can be used to improve our internal and external business and financial reporting. The financial data from different departments can be integrated on simple, cost effective and accurate basis. Second, it can improve our business reporting to all types of regulators, such as tax and financial authorities, central banks and governments. This can meets the requirements of standardization and simplification for data transferring to external parties. Third, it will play a very important role in providing information exchange and analysis. The data can be assembled, selected, re-used, analyzed, and validated efficiently. Analysis results, decision making, data transfer and communication can be less time consuming.

We could consult local XBRL consultant for selecting the software. There are accounting software supporting XBRL format available and software for converting into XBRL format. We could have a purchase or make decision to make. We should also do the cost-benefit analysis to see if it is feasible for our organization. We could join the membership of as XBRL members to get updated information of XBRL latest technology and trend. We could also join local XBRL group for updated information.