Implementing XBRL in Your Software

1
Implementing XBRL in Your Software
2
Agenda

• 830 - 900 Introduction Arthur
  Stewart EY
• 900 - 930 Real Stories Oracle
  Corporation Rob Zwiebach Oracle
• 930 - 1000 Real Stories OneSource
  Jeff Kushmerek OneSource
• 1000 - 1015 Break
• 1015 - 1100 XML/Web Services
  Interoperability Chris Kurt Microsoft
• 1100 - 1115 Leveraging the XBRL Consortium
  Matherne XBRL/AICPA
• 1115 - 1200 Software Development
  Considerations Karl Busch EY
• 1200 - 1230 Panel Session QA Arthur
  Stewart EY

3
XBRL Adoption Promise

• The adoption of XBRL promises to help companies
  and individuals make faster and better
  decisions-which will lead to more efficient
  capital markets that, in turn, may reduce capital
  costs.
• Forward-thinking organizations looking to reduce
  costs and gain competitive advantage are already
  leveraging their efforts in pilot projects inside
  their organizations

4
Significant XBRL Implementations

• Several U.S. regulatory agencies (including the
  FDIC, OCC and OTS) are involved in a joint
  project
• AICPA Project gained Auditing Standards Board
  Approval
• Several public companies are posting XBRL
  Instance Documents
• A few Fortune 100 companies are assessing or
  piloting how to use XBRL to improve internal
  reporting
• Several National Banks are currently involved in
  a market demonstration project
• APRA - Australian Prudential Regulatory Authority
• Inland Revenue Service UK
• Many Software Vendor Solution Pilots

5
Recent Financial Software Vendor Survey

• AICPA personnel performed a telephone survey of
  21 leading financial software vendors during the
  2nd quarter of 2003

6
Methodology - August 2003 Software Survey

• Survey covered 59 separate ERP and GL products
• Survey respondents Characteristics
• Individuals were product managers or others
  familiar with the products and future planned
  enhancements
• For this survey, accounting software included
  ERP, general ledger and reporting software.
• For purposes of analysis, companies were further
  segregated by their customer size large (Tier
  A) and small/medium (Tier B).

7
Key Findings - August 2003 Software Survey

• XBRL is taking hold with accounting vendors
• Although user demand is perceived to be
  low/moderate. Two thirds of the accounting
  software vendors surveyed have either already
  XBRL enabled, or have decided to enable, one or
  more products
• Customer Size Matters
• Accounting software vendors oriented towards
  large companies are further down the XBRL/XML
  road then software primarily oriented to
  small/medium companies
• Focus is on outputting in XBRL
• Not import XBRL or G/L enable. As expected.
• Understanding is key to XBRL Enablement
• Of the 7 companies whom have not yet decided to
  XBRL enable, only two say they have a good
  understanding of XBRL

8
Predictions - August 2003 Software Survey
Accounting Applications 12/31/03 12/31/04 12/31/05
Percentage of ERP Vendors Products XBRL Enabled 33 20 75 50 gt90 gt75
Percentage of G/L Vendors Products XBRL Enabled 20 15 40 33 gt75 gt75
Percentage of Consuming Applications XBRL Enabled ? ? ?
9
The Expected Evolution of XBRL
Milestones
STANDARD SETTING STAGES
Wide Usage Significant Market Benefits Validated
ANTICIPATED LEVEL OF ADOPTION
Global Recognition
2007 ?
High It is a Standard

• XBRL Use Grows
• Geographically
• By Industries
• Types of BR

• Maturity of Core Components
• Taxonomies
• Software Tools
• Impl. Guidance

Medium - Best Practice
Market Acceptance
2004 2006?
Low Industry Leaders Pockets
User and Preparer Implementation Guidance is
Developed
Technology Standard and Base Taxonomies are
Developed
New Existing Software is XBRL Enabled
Very Low Innovators
Base Development
2001 2004
Denotes estimated status of meeting the milestone
Significant Market Need Demand
Participation of Key Stakeholders
Organizational Development Structure
International Participation and Focus
1999 2000
10
Real Stories