Skip 2015 Hands-on with XBRL - US GAAP & iXBRL 2015 - AIS Educators Conference Colorado Springs, CO - 2015

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Hands-on with XBRLHands-on with XBRL- US GAAP & iXBRL 2015 -- US GAAP & iXBRL 2015 -

AIS Educators ConferenceAIS Educators ConferenceColorado Springs, CO - 2015Colorado Springs, CO - 2015

www.skipwhite.com/aisec2015 www.skipwhite.com/aisec2015

Clinton E. White, Jr (Skip) Clinton E. White, Jr (Skip)

Lerner College of B&ELerner College of B&E

University of DelawareUniversity of Delaware

[email protected]@udel.edu

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Acquaintances & FriendsAcquaintances & FriendsHands-onHands-on

• Open Open NotepadNotepad (or your favorite (or your favorite texttext editor):editor):

• <?xml <?xml version=version= "1.0“ "1.0“ encoding=encoding= “utf-8” “utf-8”?>?>• • <MyFriendsAndAssociates><MyFriendsAndAssociates>• <Associate> <Associate> • <Name> <Name> Skip WhiteSkip White</Name></Name>• <Association> <Association> University of University of

DelawareDelaware</Association></Association>• <FavoriteSport> <FavoriteSport> bicyclingbicycling</FavoriteSport></FavoriteSport>• <LeastFavoriteSport> <LeastFavoriteSport>

basketballbasketball</LeastFavoriteSport></LeastFavoriteSport>• </Associate></Associate>• </MyFriendsAndAssociates></MyFriendsAndAssociates>

• Save with a Save with a .xml .xml extension & open file in Firefoxextension & open file in Firefox

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Add a Add a friendfriend

• <MyFriendsAndAssociates><MyFriendsAndAssociates>

• … … • <Friend> <Friend> • <Name> <Name> a friend’s namea friend’s name</Name></Name>• <HomeTown> <HomeTown> … … </HomeTown></HomeTown>• <FavoriteSport> <FavoriteSport> … … </FavoriteSport></FavoriteSport>• <LeastFavoriteSport> <LeastFavoriteSport> … …

</LeastFavoriteSport></LeastFavoriteSport>• </Friend></Friend>

• </MyFriendsAndAssociates></MyFriendsAndAssociates>

• Save and open in FirefoxSave and open in Firefox

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XBRL Instance DocumentsXBRL Instance Documents

• How would you express the following How would you express the following facts in an XBRL instance document?facts in an XBRL instance document?– Company name: MyBikes.comCompany name: MyBikes.com– Type of reporting: US GAAP C&IType of reporting: US GAAP C&I– Namespace: www.MyBikes.com (MBK)Namespace: www.MyBikes.com (MBK)– SEC CIK: 0000012345SEC CIK: 0000012345– Period: 2015-06-30 (end of the 2Period: 2015-06-30 (end of the 2ndnd

quarter)quarter)– Facts (in USD) (to the nearest million): Facts (in USD) (to the nearest million):

•Cash and cash equivalents = 2,000,000Cash and cash equivalents = 2,000,000•Accounts receivable trade gross = Accounts receivable trade gross =

12,000,00012,000,000•Net inventories = 235,000,000Net inventories = 235,000,000• Total current assets = 249,000,000Total current assets = 249,000,000

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US GAAP XBRL TaxonomyUS GAAP XBRL Taxonomy

• US GAAP 2015:US GAAP 2015:– Go to: Go to: xbrl.us xbrl.us

•SEC Reporting/ US Taxonomies/ 2015 US SEC Reporting/ US Taxonomies/ 2015 US GAAP taxonomy/ 2015 US GAAP Taxonomy GAAP taxonomy/ 2015 US GAAP Taxonomy ViewerViewer– 2015 U.S. GAAP Financial Reporting Taxonomy2015 U.S. GAAP Financial Reporting Taxonomy

– /Release details/Release details::•Prefix: Prefix: us-gaapus-gaap•URI: URI: http://fasb.org/us-gaap/2015http://fasb.org/us-gaap/2015

– Core schema:Core schema:•http://xbrl.fasb.org/us-gaap/2015/elts/us-http://xbrl.fasb.org/us-gaap/2015/elts/us-

gaap-std-2015-01-31.xsdgaap-std-2015-01-31.xsd

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XBRLXBRL TaxonomyTaxonomy

Instance Instance documentdocument

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XBRL ShellXBRL Shell• Go to: Go to:

www.skipwhite.com/aisec2015www.skipwhite.com/aisec2015– Using IE open: Using IE open: XbrlShell2015.xmlXbrlShell2015.xml

•View Source & Save View Source & Save (with (with .xml .xml extension)extension)

•Open in Open in Notepad ++Notepad ++ (or your favorite (or your favorite text editor)text editor)

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iXBRL ShelliXBRL Shell• Go to: Go to:

www.skipwhite.com/aisec2015www.skipwhite.com/aisec2015– Using IE open: Using IE open: iXbrlShell2015.xmliXbrlShell2015.xml

•View Source & Save View Source & Save (with (with .xml .xml extension)extension)

•Open in Open in Notepad ++Notepad ++ (or your favorite (or your favorite text editor)text editor)

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ResourcesResources

• www.skipwhite.comwww.skipwhite.com– The Accountant’s Guide to XBRLThe Accountant’s Guide to XBRL– The Guide & Workbook for The Guide & Workbook for

Understanding XBRLUnderstanding XBRL• www.fujitsu.com www.fujitsu.com

– Interstage Xwand (very popular)Interstage Xwand (very popular)

• www.tryxbrl.comwww.tryxbrl.com• sec.govsec.gov

– Interactive data toolsInteractive data tools

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The future is already here – itsjust unevenly distributed!William Gibson

Thanks for your attention!Skip

[email protected]