Transcript

XBRL eXtensible Business Reporting Language

Week 9 – Lecture 2

All business have to report their financial results

• Essentially to shareholders, but also to

• Authorities and other interested parties like

– Australian Securities and Investment Corporation

– Australian Tax Office

– Investment analysts and managers

– Share brokers

– Etc

• Another problem domain is the consolidation of group accounts – some companies have thousands of subsidiaries in dozens of countries

• Financial report are often different for different users

Company AGL

Managementreports

XBRLstandards

ConsolidatedReporting

DB

Company BGL

Managementreports

XBRLstandards Group

Managementreports

XBRLstandards

ExternalFinancialReports

ASX

ASIC

StockBrokers

FundManagers

ATO

Share-holders

XSD – SchemaXSL – PresentationTaxonomies

These reports must

• Meet Australian Accounting standards• And now the International Accounting

Standards• These are complex and subject to

interpretation• So no two sets of accounts look the same• They are often big – over 300 pages –

Telstra accounts are 394 pages

AMP Accounts

Telstra Accounts

<ifrs-gp:PropertyPlantEquipmentNet contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">540000</ifrs-gp:PropertyPlantEquipmentNet>

<ifrs-gp:PropertyPlantEquipmentNet contextRef="Prior_AsOf" unitRef="U-Euros" decimals="0">400000</ifrs-gp:PropertyPlantEquipmentNet>

<tr> <td class="Label">Property, Plant and Equipment</td> - <td class="Value"> <xsl:value-of select="format-number(/xbrli:xbrl/ifrs-gp:PropertyPlantEquipmentNet,'#,##0','base')" /> </td> </tr>

XML

XSL

Formattedaccounts


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