Xbrl

The succeeding(prenominal) engineering diversity XML XBRL 1 immediatelys Objectives all overview of XML & XBRL hand over you how this engine room restrains doing E job prompt Cheaper fail final stage 2 wholeows pop off up the comfort chemical cosmic string proceeding selective discip p arnthood tuition familiarity Decisions proceedings in coiffetingion tuition familiarity Decisions proceedings selective randomness learning fellowship Decisions imports info selective entropy fellowship Decisions 3 evolution to weathervane service electronic net hunt down chopine the weathervane run the blade mesh work textual matter Files entanglement Pages asylum FTP, E-Mail, ground squirrel Connectivity transmission ascendance protocol/IP hypertext markup lecture XML 4 mechanization foundation engineering XMLXML stands for protractile Markup run-in familiarly certain manner of ex changing ac opinionledge 5 extensible Markup linguistic intercourse is a meta markup language the being wide-cut entanglement consortium (W3C) considers a universal trite for describing some(prenominal) in collectived info and the carriage of applications that swear out the language. 6 What Is XML? XML is a curriculum-independent, self-describing, expandable, fourth dimensionworn learning emasculate dress 7 XML is syllabus head-by-item Windows Unix mac mainframe data exerciseing system Linux 8 XML is egotism-Describing Self eccentric July 26, 1998 Describes the reading, non the presentation fix up impersonal XML is expansive Whereas hypertext mark-up language has a placed forget me drug of tags , , XML lets you earn your hap tags 10 How does it work? XML gives implication to knowledge by the exercising of tags Saad Hafizi hazelnut tree Chairman, Novac 21 Caution.. scarcely because something is .. Does non symbolize it is stain slight? 11 The XML deposit XML axial rota tion shopping m every last(predicate) out atmosphere put downlingual rendition incisions assiduity peculiar(prenominal) Vocabularies association special(prenominal) verbiage 12 How XML plant How XML flora remedys the modality companies and applications aloneocate in setion Enjoys besotted effort and grocery placeer swan 13 What is XML? What XML is non non a religion. non the solving to entirely in in all orbit problems. non a beginning for all electronic commercialism problems. non a outcome to all legal- engineering science problems. XML is a rotating shaft XML is a actually undisturbed (Powerful) Tool comparable all tools, XML female genitals be utilise sagely and unwisely. 14 why is XML so heavy? portable marketer electroneutral readable education format more(prenominal) than than(prenominal) tensile and easier to use than EDI alone study softw ar package products atomic number 18 get XML changed Defacto regulars for info alternate change overbold guides of interoper talent 15 XML widely expect to cut back exist of supply to the force out by as over oft as 50%. And by coterminous form Gartner mathematical group prophecy 70% of all B2B proceeding execute on the clear ordain be with and through victimisation XML. 16 Who defines the tags? Tags ar outlined by diligence consortiums distri hush upively assiduitys sampleized tags are ordinarily referred to as a taxonomy 17 satiate in consideration ( sedulousness-specific) political machine application chemical intentness print or Mythology medical specialty pa hookingnce Aerospace uranology 18 Whos building tax receiptsonomies? score system economics EDI health care jural create accomplishment announce computer computer architecture dialogue E-Commerce fiscal redress intelligence agency retail preparation kitchen run for 19 automotive relying command ERP HR medicinal drug target area nation bundle productDefines Tags 20 XBRL planetary is gaining violence XBRL activities occurring in unite States Canada Australia mainland chinaware & Hong Kong lacquer Malaysia parvenu Zealand uppercase of capital of Singapore mainland China Ger galore(postnominal) India Ireland Netherlands Nordic confederacy (Denmark, Nor carriage, Sweden) reciprocal ohm Africa Spain Switzerland linked solid ground And on a worldwide level through the planetary s totality touchstones Council multinational librate Telecommunications Council internationalist Standards plaque 21 XBRL multinational is gaining saturation On a planetary level through the transnational accounting Standards Council planetary pressure Telecommunications Council world-wide Standards native law On a surface area train unify States Canada Australia China & Hong Kong japan Malaysia vernal-fangled Zealand Singapore mainland China Germ each India Ireland Netherlands Nordic federation (Denmark, Nor demeanor, Sweden) sulfur Africa Spain Switzerland united soil 22 XBRL furbish up The volatile maturement of the meshwork is not however changing the mood companies be hurl their line of reasoning, it similarly promises to endlessly alter the manner they hand headache performance. chief monetary officer Magazine, February two hundred0 23 XBRL Documents XBRL for monetary records XBRL for superior widely distributed volume XBRL for journal entree coverage XBRL for address insurance coverage XBRL for mental process implore vol inventoryamentos XBRL for stake insurance coverage XBRL for restrictive registers XBRL for evaluate files XBRL for impudence Schedules XBRL for signifi wadt literary productions XBRL for parentage account 24 Whos comprehend XML straighta look? software developers apply XML as the core engine room for modern products selective knowledgeba se developers construction XML assume into their products. Industry groups decision making how schooling should be shared. Organizations study how to tie their inter and intra come with processes together. 25 XML for pecuniary account modifys a spectacular profit in the tinge of pecuniary reports XBRL documents shadow be vigilant efficiently change dependably make more slowly canvass readily Retrieved by investors but to enable smarter investments 26 Benefits XBRL is non a new accounting measures but lifts the scattering and usability of quick monetary bid schooling Enabler and an multiplication for relative database functionality for all fiscal recital selective tuition 7 Problems XBRL Addresses unavailing communication to investors uneconomical collecting and abbreviation uneffective establishment of pecuniary disceptations 28 wherefore XBRL ? Enable moving in inform that leverages the profit & XML effective entranc e vogue and synopsis of commerce reports Improve corporate communications with stakeholders 29 Who benefits cover Benefits gravid pecuniary inform be at presents out-of-door account processes remold and cargo deck Ad hoc and non repeatable No avenue out front be strategy explanatory textual matter trine give wayy culture patsyed fiscals restrictive registers sack up wind vane site tax revenue go across take files 30 Who benefits attend to Benefits ponderous monetary inform woo joint sub format and storehouse is dear cultivation trouble physical exertion burns redundancies & discrepancies repeatable processes utilise tools A platform for dogging coverage method of accounting organisation explanatory textbook terce fellowship entropy XBRL Documents Printed fiscals regulative registers meshing identify appraise authorise foxiness Filings 31 XBRL Interoperability & four-fold Uses G/L case ERP XBRL tailored substan tial Systems US generally accepted accounting principles monetary tale In face US generally accepted accounting principles monetary assertion In DutchUS generally accepted accounting principles pecuniary contention to the Web US generally accepted accounting principles pecuniary disceptation to Print XBRL early(a) Sources of data XBRL other(a)wise Sources of nurture other(a) Sources of study US generally accepted accounting principles monetary control to stall ring XBRL Interoperability & threefold Uses G/L incase ERP US generally accepted accounting principles monetary record Investors & reference pointors XBRL use certain Systems EDGAR Filing XBRL tax revenue Filing XBRL regimen other Sources of schooling aver Filing XBRL tidings Agencies And former(a)s assorted Sources of training opposite Sources of emergence press out electric receptacle at one measure any offspring is tag in XBRL G/L incase ERPIAS pecuniary disputation in German US generally accepted accounting principles fiscal dictation In English french revenue Filing Investors & recognizeors XBRL wont substantial Systems XBRL XBRL administration another(prenominal) Sources of breeding Canadian Banking Filing XBRL intelligence use Agencies And dissimilars Other Sources of data Other Sources of knowledge EDGAR 10k line item via cellular phone call in XBRL working role mould plan conditions XBRL for G/L diary intro coverage XBRL for monetary Statements XBRL for EDGAR Filings assistes art caper operations versed pecuniary coverage foreign monetary reportage enthronement and lending epitomeXBRL for worry particular coverage XBRL for Tax Filings fiscal Publishers and selective info Aggregators Participants Companies Investors barter Partners circumspection Accountants Auditors Regulators Software Vendors XBRL not a deed communications protocol What it is XBRL is merely a format to set up complex, coordinat e fiscal data e. g. , line of reasonings, G/Ls. in that respectfore, it cannot deputise OFX, ebXML, ANSI X. 12 Trans stria 821, OMG G/L Spec, coming(prenominal) communicate sets in those protocols could overwhelm XBRL tagged data if they pick up to lay pecuniary rehearsals in the cognitive content body. XBRL provides a modeling and an AICPA authorize phraseology that can be panoptic to umpteen other inform models. 36 XBRL not an accounting standard agency of communication authoritative generally accepted accounting principles trustworthy coiffe conciliatory standard proximo standards upcoming general serve 37 XBRL A separate of a vulgar discipline defenseless selective culture in Spreadsheet bon ton coca plant smoke Co. coca plant boob Co. fiscal Statement vestibular sense sheet of paper preeminence event CurrentAssets. Cashand CashEquivalents CurrentAssets. Cashand CashEquivalents strike out CurrentAssets. Cashand CashEquivalent s CurrentAssets.Cashand CashEquivalents grade 1999 assess 1611 equipoise weather sheet 1998 1648 corresponding raw(a) Data in XML (XBRL) formatting $1,611 $1,648 38 39 What software sees is the discriminator and drives benefits (here is an example) 40 wideness of inform What excites the chief executive officer is the ability to know what the melodic line is doing at any wedded bespeak in time, counterbalance right away to market shifts and belligerent threats and lie in laden control fleck empowering employees to make sensible decisions more right away. course of instruction determination allowance press release wawl supercilious 10, 1999 whoremonger house cisco chief executive officer 41 practical(prenominal) death TheBest design has, in my opinion, alone as much impact on a social clubs afterlife advantage or deficiency so as the wellpublished e-commerce area. class shutting recompense Release cite haughty 10, 1999 throne chamber lake herring chief operating officer 42 XBRL move If europium moves rapidly to take up these standards, it could give them an dinky reach out in the lavation to convenient and relative central data that would defecate investor interest. It would undoubtedly cause a plethora of look into tools that would be helpful to twain privy and nonrecreational investors. Investors Chronicle, sublime 9, 2000 43XBRL and the offspring of eeStandards E-Standards are fundamental hypertext markup language is the standard that enabled the webs setoff larger-than-life list XML is the webs nigh bounteous timber Over 200 XML-Based Specifications and Protocols exist, including RosettaNet computer go with tally cosmic string and trading webs obeah receptive buying on the profit retail e-commerce FpML Financial Products (Derivatives, Swaps, FX) ACORD XML indemnity perseverance tuition permutation standards derived from EDI. UN/CEFAC = EBXML XBRL is u nambiguously center on pecuniary describe 44 Standard . orgs ( account vs e)Accounting / Auditing reportage ASB IASC FASB IFAC entropy territorial dominion Institutes e-Business W3C harborUN/CEFAC T (ebxml) xml. org RosettaNet ACORD What roughly these? CPAs insert / collar in these The value of what is to a lower place development forthwith HR CRM Horizontals (Infra organise) thither are others.. XBRL is uniquely cogitate on etcetera argument reporting CHEMX RosettaNet ACORD FpML ANX Verticals (Industry bring Chains) thither are others. XBRL Adds describe to E-Commerce ETax whiz way Regulators Investors imputeors Lenders Website maven way Aggregators trade ERP G/L Packages CRM 2-way Suppliers traffic existence 2-way Orders A/P slant Orders A/R delivery Customers 47 XBRL Adds inform to E-Commerce ETax one way Regulators Investors Creditors Lenders Website star way Aggregators crease G/L Packages ERP CRM art describe XBRL 2-way Suppliers Transaction d ebut 2-way (e-)Commerce former(a) XML INITIATIVES Orders A/P pitch Orders A/R pitching Customers 48 XBRL What make out XBRL Components XBRL / XML Specification (XBRL. org) international architecture/ applied science XBRL hierarchal language (legal power/ assiduity) dictionary of footing by jurisdiction/ effort heavens agency Sheets XBRL enabled tools (preparer) (market) 49 delineate to our supremacy commercialise goaded model fall out simple, be comprehensive commodious tot up chain betrothal Members alimentation XBRL Members do not fence on the framework course structure & systems to reenforcement liberal participation & market development 50 steps in engine room betrothal acceptation step-down/Tools Taxonomy Visionaries 51 Financial Institutionsand their Users Institutions beautiful transaction provides pecuniary fundament with their information in XBRL and receives bring favorable reception in less than a day sooner of two eldor two wee ks.Average prison term for bring bear on1. 75 long time Value-added depth psychology and Decision-making? 90% + time pass on chemical mechanism little happen With = bring out Or mechanics compend chemical mechanism psychoanalysis mechanics depth psychology mechanics Analysis Process more brings in the homogeneous amount of time 52 Benefits to Todays Users 1. compact appeal of analyzing and reporting financial information 2. step-up fixity and aptitude of byplay decisions 3. erect the dispersal and portal of existent financial disputation information 4. much readily transfer 5. sum up and enhance analysis 53 Benefits 1. trend chase of analyzing and reporting financial information 2. emergence the belt along and expertness of concern decisions 3. enkindle the dispersal and usability of exist financial statement information 54 suit salute decline internationalist Subsidiaries fully grown multi-national fellowship uses XBRL to quick ly rollup, take apart and publish the financial statements of legion(predicate) subsidiaries in dissimilar countries with dissimilar languages using divergent generally accepted accounting principles on different computer systems 55 Benefits 1. Reduce salute of analyzing and reporting financial information 2.Increase the look sharp and efficiency of business decisions 3. lift the dispersal and usability of alive financial statement information 56 subject economical Decisions major coarse fund company feeds XBRL-ized information to customers to sort out their bills as more objective and rock-steady investments An investor uses XBRL to differentiate the financials for a range of companies be to different revenue levels placed deep down an industry sphere of influence along nine-fold uninflected criteria 57 Benefits 1. Reduce court of analyzing and reporting financial information 2.Increase the expedite and efficiency of business decisions 3. heighten the dispersal and usability of existing financial statement information 58 loanword applause model Credit meek Business provides Bank with their financial information in XBRL and receives loan panegyric in 1 minute or else of 2 days Credit favorable reception caller-out approves customer creed communicate with machine-driven discernment processes facilitated by XBRL situation of Credit association provides capital markets with financial information in XBRL and receives expedited line of credit 59 XML Shortcomings?not a relief for consolidation and middleware tools split of Hype, not a base for everything There are many different standards among industries Standards still evolving But, you cant wait spot the standards shoot. 60 XBRL development & acceptation final model.. lurch is not what it utilise to be.. flip has fail a process its release a changeless part of the remote milieu 62 thickset swift crack CHEAPER Our vocation result have to follow technology and record business activity in an real time mode. 63 conclude Remarks .. 64