XBRL International Standards Update

XBRL InternationalXBRL InternationalStandards UpdateStandards Update

Ignacio Hernandez-RosTechnology Development, XBRL International Inc.([email protected])

Agenda:Agenda: 30’30’

About XBRL International How XBRL works XSB Structure and Goals XBRL Workstreams CEBS Taxonomies next steps

About XBRL InternationalAbout XBRL International International consortium, non for profit Our internal organization is similar to the W3C or the OASIS Currently we are more than 450 members We have a business focus over the technological aspects The consortium is neutral and independent We look for the support of groups of users who can benefit

from XBRL Governmental organisms

Stock exchanges National banks Other regulators

The big accounting firms Top technology companies working in XML arena Companies who develop Software for Business (ERP, Data marts, …)

XBRL organizationXBRL organization

HTTP://www.xbrl.org

after term expires

I nternational Steering Committee

Chair: Kurt Ramin

I nternational Steering Committee

Chair: Kurt Ramin

Board of AdvisorsThomas Krantz, Chair

Board of AdvisorsThomas Krantz, Chair

1st Vice ChairBill Swirsky

1st Vice ChairBill Swirsky

2nd Vice ChairMichael Ohata

2nd Vice ChairMichael Ohata

Executive Committee*(7 members)

Executive Committee*(7 members)

elects

appoints

Immediate Past ISC ChairVacant

Immediate Past ISC ChairVacant

member of

ISC chairelects

I SC SeatI SC Seat

Key

No Seat on I SCNo Seat on I SC **StandingI SC SeatI SC Seat

Key

No Seat on I SCNo Seat on I SC **Standing

XBRL International Governance

Provisional J urisdictions

FranceFrance BelgiumBelgium DenmarkDenmark SwedenSwedenProvisional J urisdictions

FranceFrance BelgiumBelgiumBelgiumBelgium DenmarkDenmark SwedenSweden

ISC

Rep

resen

tativ

es

At Large Representatives

Michael

Ohata*Nov 2007

Michael

Ohata*Nov 2007

Liv WatsonNov 2006

Liv WatsonNov 2006

Mike BartellNov 2008

Mike BartellNov 2008

Walter HamscherNov 2007

Walter HamscherNov 2007

John Turner

Nov 2006

John Turner

Nov 2006MakotoKoizumiNov 2006

MakotoKoizumiNov 2006

MikeWillis

Nov 2006

MikeWillis

Nov 2006

Thomas Church

Nov 2007

Thomas Church

Nov 2007

Established J urisdiction Representatives

CABill

SwirskyNov 2007

CABill

SwirskyNov 2007

AUPaul Phenix

Nov 2006

AUPaul Phenix

Nov 2006

IASBKurt RaminNov 2007


NZ

John PalmerNov 2005

NZ

John PalmerNov 2005

UKChris RodgerMarch 2008


DENorbert

FlickingerFeb 2006

DENorbert

FlickingerFeb 2006

USDan Roberts*

Nov 2008

USDan Roberts*

Nov 2008

JPNobuyuki

Sanbuichi *Nov 2009

JPNobuyuki

Sanbuichi *Nov 2009

NLJan Pasmooij

Nov 2005

NLJan Pasmooij

Nov 2005

IRConor O’Kelly

June 2007

IRConor O’Kelly

June 2007

SPFedericoFlorez *

June 2007

SPFedericoFlorez *

June 2007

Established J urisdiction Representatives

CABill

SwirskyNov 2007

CABill

SwirskyNov 2007

AUPaul Phenix

Nov 2006

AUPaul Phenix

Nov 2006



NZ

John PalmerNov 2005

NZ

John PalmerNov 2005



DENorbert

FlickingerFeb 2006

DENorbert

FlickingerFeb 2006

USDan Roberts*

Nov 2008

USDan Roberts*

Nov 2008

JPNobuyuki

Sanbuichi *Nov 2009

JPNobuyuki

Sanbuichi *Nov 2009

NLJan Pasmooij

Nov 2005

NLJan Pasmooij

Nov 2005

IRConor O’Kelly

June 2007

IRConor O’Kelly

June 2007

SPFedericoFlorez *

June 2007

SPFedericoFlorez *

June 2007

* At Large ECRepresentation from ISC

* At Large ECRepresentation from ISC

KRYong Moon

LeeMarch 2009

http://w/

http://w/

How XBRL worksHow XBRL works

XBRL is a standard to label data that appears in business reports The information is generated once and used many times The information is comparable among companies Information is based on existing standards such as GAAP for

accounting. XBRL does not imply changes in existing charts of accounts.

XBRL can be used to publish, exchange and analyse business data

XBRL (Extensible Business Reporting Language) is based on XML (Extensible Markup Language)

How XBRL worksHow XBRL works Taxonomies (architecture of the information)

Dictionary of concepts Relationships between the concepts (metadata)

Calculation relationships Presentation relationships Definition relationships Labels in multiple languages References to actual legislation or other

definitive works

XBRL Instance Documents (Reports) Reference the Taxonomies Contextual information

Who is submitting the report Time dimension (instant and period) Dimensional metadata

Units for the values The values (or “facts”) Footnotes

The XSBThe XSB

Purpose and Scope of the XBRL International Standards Board (XSB)

The Purpose of the XBRL Standards Board is to actively manage the production and finalisation of stable, high quality, interoperable specifications and other supporting technical materials in support of XBRL-based business reporting.

The scope of the XBRL Standards Board is limited to the production of technical materials agreed by the International Steering Committee, to a timetable proposed by the XSB and approved by the ISC. The XSB must operate in conformance with a set of processes approved and published by the ISC that ensure appropriate levels of quality, review, testing and analysis by XBRL member and non-member stakeholders.

The XSB will form working groups charged with specific tasks and oversight and approve the work of certain standing working groups. It will be for the Standards Board itself to manage the development of these groups so they are not specifically covered by this document.

XSB Structure and GoalsXSB Structure and GoalsISCISC

International Steering CommitteeObjective: Ultimately charged with the responsibility of considering and approving the release and

publication of certain key documents and pronouncements (particularly recommendations)

XSBPart-time XBRL Standards Board

7 Members (annual terms), maximum 4 from ISC of which one is Chair of XSB

XSBXSBPart-time XBRL Standards Board

7 Members (annual terms), maximum 4 from ISC of which one is Chair of XSB

Technical Working GroupsTechnical Working GroupsTechnical Working Groups

3 Members:Architecture

(XML and XBRL experts)

2 Members:Business Reporting

Experts

1 Member:Product Management

1 Member:Program Management

Permanent (standing)Permanent (standing) Temporary (ad hoc)Temporary (ad hoc)

Chair

Members

Objective: Create XBRL technical intellectual property

appoints

selects

proposes documents for approval monitors compositions

elects

confirms selection and appointments

Vice Chair

Chair

Members

Vice Chair

Initial appointment

After 1st

year (if necessary)

Initial appointment

charters and disbands

XBRL WorkstreamsXBRL Workstreams

Processes: Creation of a Working GroupBy XSB

instigation

By members’ instigation

Call for participation

Initial Charter XBRL Inc WG Administrator

max. 15 days max. 90 days

XSB WG approval

First WG meeting

End

Yes

No

Definitive Charter

max. 30 days (telephone meeting)or 45 days (face to face meeting)

Minimum Membership

become Voting Members?

End No

Start of WG Activities

Yes


Processes: Development of a specification

Main steps

Publication of the First PWD

Last Call announcement

Call for Implementations(1)

Call for Review of a PR

Publication as a REC

Receive feedback

Move to next step?

No

Publication of an additional PWD

Yes

Receive feedback

Move to next step?

No

Receive feedback

Move to next step?

No

Receive feedback

Move to next step?

Yes

Publication of a CR

Yes

Publication of a PR

Yes No


Technical (formal Working Group – WG) Formula Functions Dimensions Base Specification & Maintenance

Includes Generic Linkbase XBRL GL Rendering

Ongoing maintenance and periodic work (Review Team) Taxonomy recognition, including FRTA Link Role Registry

Technical staff-led commitments (projects or papers) Versioning Approach to interoperability

CEBS Taxonomies next stepsCEBS Taxonomies next steps

Suggested next steps

Consolidate the taxonomy repository and documentation in one official location

Help the industry creating XBRL software

Share the know how with other XBRL members

Thank you for your Thank you for your attention.attention.