XBRL International Standards Update

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XBRL InternationalStandards Update

• Ignacio Hernandez-Ros
• Technology Development, XBRL International Inc.
• (ihr_at_xbrl.org)

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Agenda 30

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

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About 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, )

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XBRL organization

• HTTP//www.xbrl.org

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How 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)

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How 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

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The 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.

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XSB Structure and Goals
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XBRL Workstreams

• Processes Creation of a Working Group

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XBRL Workstreams

• Processes Development of a specification

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XBRL Workstreams

• 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

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CEBS 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

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Thank you for your attention.