Business Reporting goes Global XBRL

1
Business Reporting goes Global XBRL

• 2005. 12

2
?
??
3
?
XBRL???

1. XBRL? ??
2. TAG
3. Ubiquitous? XBRL
4. XBRL? ????
5. XBRL? ??
6. XBRL? ??

4
1. XBRL? ??

• XBRL? ??

• eXtensible Business Reporting Language ???
  ??????
• ???? Tag? ?? Internet ???? ??, ??, ??? ? ? ???
  ??? ???? ???? ??

• XBRL? ??

1999? ????????(AICPA)? ???? ??

• ???? ??? 3??? ??? ??

?????? / ?????? / IT??(XBRL)
5
(No Transcript)
6
WHAT IS XBRL
???? ????? ??
Local Market ? Global Market ???? ??? ?? ???
(???? ???? Innovation) Data Source ??/????? ?? ?
Smart Information Provider ?? Off Line ?? ?? ??
? On-line Based ?????? ?? BASEL II , Credit
Scoring ?? ?? ??
 
7
2. Tag
????? ??

• ?? ???(????????)??
• Who / When / Where / What ??? ??

With XBRL ??????

• ?? ????
• ???? ??? Tag Scan
• ? ??? ????? ?? ??? ???
• ???? ???? ????

8
3. Ubiquitous? XBRL
? RFID (Radio Frequency Identification) ????,
???? ?????? ?? ??? ??, ????? ???? ??? ?? ?
?? ???
9
WHAT IS XBRL -??

• XBRL? ??(1)
• KOSDAQ ??
• XBRL ???

10
WHAT IS XBRL -??

• XBRL? ??(1)
• KOSDAQ ??
• XBRL ???
• ????

11
WHAT IS XBRL -??
KOSDAQ LG????? ??

• ltkorean-gaap-kosdaqTransferfromVoluntaryReserves
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt1166666668lt/korean-gaap-k
  osdaqTransferfromVoluntaryReservesgt
• ltkorean-gaap-kosdaqAppropriations
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt5800000000lt/korean-gaap-k
  osdaqAppropriationsgt
• ltkorean-gaap-kosdaqTotalVoluntaryReserves
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt5800000000lt/korean-gaap-k
  osdaqTotalVoluntaryReservesgt
• ltkorean-gaap-kosdaqGrossProfitorLoss
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt58684547576lt/korean-gaap-
  kosdaqGrossProfitorLossgt
• ltkorean-gaap-kosdaqTotalSales
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt291184360620lt/korean-gaap
  -kosdaqTotalSalesgt
• ltkorean-gaap-kosdaqSalesFinishedGoods
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt287674518995lt/korean-gaap
  -kosdaqSalesFinishedGoodsgt
• ltkorean-gaap-kosdaqOtherSales
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt3509841625lt/korean-gaap-k
  osdaqOtherSalesgt
• ltkorean-gaap-kosdaqTotalCostsofGoodsSold
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt232499813044lt/korean-gaap
  -kosdaqTotalCostsofGoodsSoldgt
• ltkorean-gaap-kosdaqCostofFinishedGoodsSold
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt228989971419lt/korean-gaap
  -kosdaqCostofFinishedGoodsSoldgt
• ltkorean-gaap-kosdaqBeginningInventoryforCostofMe
  rchandiseSoldforCostofFinishedGoodsSold
  contextRef"context-1999" decimals"0"
  unitRef"Units-Monetary"gt8571332234lt/korean-gaap-k
  osdaqBeginningInventoryforCostofMerchandiseSoldfo
  rCostofFinishedGoodsSoldgt

12
WHAT IS XBRL -??
KOSDAQ LG????? ??

• ltkorean-gaap-kosdaqTotalSales contextRef"context
  -1999"
• decimals"0"
• unitRef"Units-Monetary"gt
• 291184360620lt/korean-gaap-kosdaqTotalSalesgt

13
4. XBRL? ????

• ? 2005? 8? ???(Gartner Research August, 2005)??
  ??? ???
•   XBRL? ?? ?? ? ?? ??? ?? ??? ??? ???? ??
• 25?? ??? ???? ???? ??? ??

14
5. XBRL? ??
? ISO International Organization for
Standardization ??????? ? W3C World
Wide Web Consortium www ????/?? ????
???? ??? ??
15
XML vs XBRL
Well Formed
XBRL
Validation(?1)
XML
(?1) ??? validation? ??Report??? ????


FRT Framework
Framework???? Normalize
Taxonomy
Interchangeable (standardization)
Documentation
LinkBase
Reference??
Validation?? (?2)
(?2) ?? Report??? ????
() Prepared by ??????
16
6. XBRL? ??(1)
XBRL ?? ??????? ?? XBRL ??? ??? ???? ???
??? ??
XBRL Specification
XBRL Taxonomy
XBRL ???? XBRL ???? ??? ???? ????? ??? ??
XBRL ???? ???? ?? ???? ???? ??? XML ??
XBRL Instance Document
XSL ??? ?? XBRL ???? ????? Presentation??
XSL Style Sheet
17
6. XBRL? ??(2)
XBRL Schema
XBRL Linkbases
Reference
XBRL Schema
????? ?????? ???? ????????(KFAS) 13? 1?

Presentation
?????? ???? ?? ????? ????? ??? ???
????? ???? ???? ?? ?? CashandCashEquivalents (Elem
ent, xbrlitem, Monetary Data Type
? ????? ???? ?? ? ?? CashandCashEquivalentsShort
TermInvestment? ???
Calculation
Label
?????? ???? ?? ?? ? ????? Cash and Cash
Equivalents
Definition
?????? ???? ????, ?? ? ?????? ? ?? ????? ????,
???? ? ?????? ??.
18
6. XBRL? ??(3)
19
XBRL GL Characteristics
Flexibility
Reporting Independent
Consolidation
System Independent
Complements XBRL for financial reporting
20
ERP And Auditing
Current Situation
IBC
PeopleSoft
SAP
Oracle
disparate accounting systems




Audit
Audit
Audit
Audit
Separate auditing efforts
21
XBRL GL and ERP
Systems independent
IBC
PeopleSoft
SAP
Oracle
ERP Vendors




XBRL GL Taxonomy
XBRL GL Instance
Auditing
22
XBRL FR and XBRL GL Relationship
XBRL Chart Of Accounts
ltgl-coraccountMainIDgt ltgl-corxbrlElementgt
XBRL GL Instance Doc
XBRL FR Instance Doc
ltkrfr-pteOperatingRevenuegt
ltgl-coraccountMainIDgt
23
XBRL GL Instance Document - example
ltgl-corentryHeadergt ltgl-corenteredBy
contextRef"now"gtYongMoon Leelt/gl-corenteredBygt
ltgl-corenteredDate contextRef"now"gt2005-12-01
lt/gl-corenteredDategt ltgl-corsourceJournalID
contextRef"now"gtJunpyolt/gl-corsourceJournalIDgt
ltgl-corentryNumber contextRef"now"gt10lt/gl-cor
entryNumbergt ltgl-corentryType
contextRef"now"gtstandardlt/gl-corentryTypegt
ltgl-corentryComment contextRef"now"gtThe comment
for this entrylt/gl-corentryCommentgt
ltgl-bussourceJournalDescription
contextRef"now"gtJElt/gl-bussourceJournalDescripti
ongt ltgl-corentryDetailgt ltgl-corlineNumber
contextRef"now"gt1lt/gl-corlineNumbergt
ltgl-coraccountgt ltgl-coraccountMainID
contextRef"now"gt10100lt/gl-coraccountMainIDgt
ltgl-coraccountMainDescription
contextRef"now"gtRentlt/gl-coraccountMainDescripti
ongt ltgl-coraccountPurposeCode
contextRef"now"gtkoreangaaplt/gl-coraccountPurpose
Codegt ltgl-coraccountType contextRef"now"gtac
countlt/gl-coraccountTypegt lt/gl-coraccountgt
ltgl-cordebitCreditCode contextRef"now"gtDlt/gl-c
ordebitCreditCodegt ltgl-coramount
contextRef"now" decimals"2" unitRef"usd"gt50000lt
/gl-coramountgt ltgl-corpostingDate
contextRef"now"gt2005-11-08lt/gl-corpostingDategt
ltgl-coridentifierReferencegt
ltgl-coridentifierCode contextRef"now"gt1141lt/gl-c
oridentifierCodegt ltgl-coridentifierDescript
ion contextRef"now"gtIBCENTER Ltdlt/gl-coridentifi
erDescriptiongt ltgl-coridentifierType
contextRef"now"gtVlt/gl-coridentifierTypegt
lt/gl-coridentifierReferencegt
ltgl-cordocumentType contextRef"now"gtchecklt/gl-co
rdocumentTypegt ltgl-corpostingStatus
contextRef"now"gtpostedlt/gl-corpostingStatusgt
lt/gl-corentryDetailgt ltgl-corentryDetailgt
ltgl-corlineNumber contextRef"now"gt2lt/gl-corline
Numbergt ltgl-coraccountgt
ltgl-coraccountMainID contextRef"now"gt10200lt/gl-c
oraccountMainIDgt ltgl-coraccountMainDescripti
on contextRef"now"gtChequinglt/gl-coraccountMainDe
scriptiongt ltgl-coraccountPurposeCode
contextRef"now"gtkoreangaaplt/gl-coraccountPurpose
Codegt ltgl-coraccountType contextRef"now"gtacc
ountlt/gl-coraccountTypegt lt/gl-coraccountgt
ltgl-cordebitCreditCode contextRef"now"gtClt/gl-co
rdebitCreditCodegt ltgl-coramount
contextRef"now" decimals"2" unitRef"usd"gt50000lt
/gl-coramountgt ltgl-corpostingDate
contextRef"now"gt2005-11-08lt/gl-corpostingDategt
ltgl-coridentifierReferencegt
ltgl-coridentifierCode contextRef"now"gt1130lt/gl-c
oridentifierCodegt ltgl-coridentifierDescripti
on contextRef"now"gtIBCENTER Ltdlt/gl-coridentifie
rDescriptiongt ltgl-coridentifierType
contextRef"now"gtVlt/gl-coridentifierTypegt
lt/gl-coridentifierReferencegt
ltgl-cordocumentType contextRef"now"gtchecklt/gl-co
rdocumentTypegt ltgl-corpostingStatus
contextRef"now"gtpostedlt/gl-corpostingStatusgt
lt/gl-corentryDetailgt lt/gl-corentryHeadergt
24
Chart Of Accounts Instance Document - example
ltgl-coraccountgt   ltgl-coraccountMainID
nonNumericContext"s1"gt1111lt/gl-coraccountMainIDgt
  ltgl-coraccountMainDescription
nonNumericContext"s1"gtCash
lt/gl-coraccountMainDescriptiongt  
ltgl-coraccountType nonNumericContext"s1"gtaccount
lt/gl-coraccountTypegt lt/gl-coraccountgt ltgl-cor
xbrlInfogt   ltgl-corxbrlTaxonomy
nonNumericContext"s1"gt
http//www.xbrl.or.kr/kr/gaap/ci/2005-10-01/kr-gaa
p-ci-2000-07-31 lt/gl-corxbrlTaxonomygt
  ltgl-corxbrlElement nonNumericContext"
s1"gtcurrentAssets.cashCashEquivalents
lt/gl-corxbrlElementgt lt/gl-corxbrlInfogt
25
?
XBRL? ???

1. ????? ??
2. ????(Global Standard) ??
3. Risk Premium ??
4. ??????? ??
5. ?? ??? ??? ??

26
1. ????? ??
? ??? ??? ?? ? ??? ???? ????, ????? ??? ??
???? ??? ??? ?? ? ???? ??? ?? ??
???? ??? ?? ?? ? ???? ??? ??
??? ??

???? 4,000,000

???? 1,000,000

???? 2,000,000
??? ??

???? 4,000,000

???? 1,000,000

???? 2,000,000
3,000,000
3,000,000
?
?
????
???? - ???? ????
????
27
2. ????(Global Standard) ??

• ???? ??? 3??? ??? IT?? ??
• ?????? XBRL? ??? ??? ??? ??? ?? ??
• XBRL ???? XBRL ????? ?? ????? ??
• XBRL? ??? ??? ?? ??

28
3. Risk Premium ??
29
4. ??????? ??

• ???? ???? ? ???? ?? (1? ???? ??? ??? ??)
• ??? ??? ??? ????? ??? ??
• ??? ??? ? ???? ?? ???? ??? ??

???? ? ???? ??? ?? ?? ????? ??
30
5. ?? ??? ??? ??

• ??? ??? (Information Democracy), ????DB ??? ??

44,000,000???
??? ???

• 2?? ??
• ?? ??

?? ???
??DB
lt????gt44,000,000???lt/????gt
???
31
?
XBRL? Benefits

1. Business Information Supply Chain
2. ???? ???
3. ??????
4. ?????
5. ?? ?????

32
1. Business Information Supply Chain
External Financial Reporting
Business Operations
Internal Financial Reporting
Investment, Lending, Regulation
Processes
XBRL for Tax Filing, Regulatory Filing
XBRL for Business Event Reporting
XBRL for Auditor Schedules
Central Banks / Investors
Financial Publishers and Data Aggregators
Entities (Public Corporations, SMEs, Public
Sector Entities)
Participants
Auditors
Trading Partners
Regulators
Management Accountants
Software Vendors
Accountancy Profession(Adding Value With XBRL)
Barry Melancon, AICPA
33
2. ???? ???

• ???? ?? ?? ?? ??
• ???? ??? ???? ????? ??
• ???? ??? ??
• ????? ?? ???? ???? ?? ???

34
3. ??????

• ???? ??? ??? ??
• ??DB ?? ???? ?? ?????? ?? ???? ??
• ??????? ??????????? ????? ??

• ???? ???? ??
• ???/???/???? ????
• ?????, ????, ???/???/???/??? ?? ?
• ??? ???? ??ex) ?? 5???? ???? 10?? ???
  ????

35
4. ?????

• DB??? ?? ???? ? ?? ?? ??
• ??? ????? ??? ???? ??? ?? ?? ??
• ????? ???? ?? ??? ???? ??

??
XBRL ????
?????
?? ?
????? ??
36
5. ?? ?????

• ???? ???? ?? ?? ??
• ??/????? Global?

???? 4,000,000
???? 1,000,000
???? 3,000,000
?? ????
Total Assets 4,000,000
Total Liabilities 1,000,000
Total Stockholders' Equity 3,000,000
37
?
XBRL ????

1. ??? XBRL ?? ??
2. ???????????? ?????
3. Edgar Online? U.S SEC ?????
4. Bank of America? ????
5. ?????????? COREP
6. Deutsche Bundesbank
7. ?????? ??? ??

38
1. ??? XBRL ?? ??

• ??? ???? ? ??????? ??????? ???? ?? XBRL? ?????.

• APRA (2001) ?? ??????
• DATEV/Bundesbank (3Q 2002)
• Tokyo Stock Exchange (1Q 2003)
• Dutch Water Authority (3Q 2003)
• National Tax Agency of Japan (3Q 2003) ?? ???
• UK Inland Revenue (4Q 2004) ?? ???
• Australian Taxation Office (4Q 2004) ?? ???
• UK Financial Services Authority (2Q 2005) ??
  ??????
• US SEC (2Q 2005) ?? ???????
• CEBS (3Q 2005) ?????????
• US FDIC (4Q 2005) ?? ??????
• Bank of Japan
• Bank of Spain

39
2. ?? ???????????(FFIEC)? ?????
FDIC
OCC
FRB
OTS
NCUA
FDIC
OCC
FRB
OTS
NCUA
FFIEC
PAST
TODAY
8,300 Banks
8,300 Banks
ltXBRL Call Report One-Stop Filinggt
ltCall Report Multi Filinggt
?? ??

• Call Report? ????? ??? 2?? ?? (?? 65? ?? ??)
• ?? ???? ?? ? ???? ?? ????? ??
• ????? ???? ?????? ???? ?? ??
• ???? ??? ?? ???? ??????? ??

40
3. ?? Edgar Online? U.S SEC ?????
?? ??
- 12,000? ??, 2,200?? ??, 8,000?? ??? ?? - IPO
???? ??? ?? ????? 10,000?(1???? ??, 1?)? ????? -
?? ??? ? Re-keying ??? ?? ? ??? ??? ?? ???? ??
? U.S SEC? XBRL Voluntary ????? ?? 10-K, 10-Q ??
???? ?? ??
41
4. Bank of America? ????
?? ??
- ????? ?? ???? ????? ?? ??? ??? XBRL? ?? ????? -
???????? ???? ??? ?? ???? ????? 11??? 2?? ?? -
???? ???? ????? ??? ?? ?? ? ??? ? ? ???
42
4. ?????????? COREP(1)
Basel ??? ??????(BIS)? ?? ???????? Basel ?????
????? ?? ???? 2007??? ??
Basel ?
Basel ?
?????? ???? ??? ??

• ??? ???? ???
• ?? 8?? ??
• ??, ?? Risk ??

• ?? ??? Risk ??
• ?? Risk ???
• ?? Risk ??
• (??? ????, ????
• ????, IT ??? ??)

43
5. ?????????? COREP(2)
ltCOREP Project Test Cases Flowgt
?? ??

• ???????? ???? ?? ??(?????? ??? ??)
• ???? ??? ???? ???? ??
• ???? ?? ???? ??
• ????(EU)?? ????? ??? ??
• ??? ??? ???? ????? ??? Framework

44
6. Deutsche Bundesbank ??? ?? ??
?? ??

• - ?? ??? ?????? ???? Quality Check? ??? ??
• - 10??? ??? ?? ??????, ????? ?? ?? 5? ??? ??
• XBRL? ?? ? Taxonomy ?? ??? ?? ??? ???? ??? 0

45
7. ?? ?????? ?????
lt?? ??? ???? ??? ???gt
?? ??

• ??? ??? ??? ? ?????? ????? ??
• ???? ???? ???? ??? XBRL ???? ?? ???
• ??? ????? ???? ???? ???? ??? ? ??? ??? ??
• 2004? 3? ??? ??? ??? ??? ?? 2005? ?? ?? ????? ??

46
?
??? XBRL ????

1. XBRL Korea
2. ?????? DART???

47
1. XBRL Korea
? Facilitator ??(KCFO?? ? KICPA)
14? ??
KICPA ????????? ???? ??????? KT ??SDS ?????
?? ??CFO?? ?????? ?????? ???? ??? ???? LG??
XBRL Korea
Steering Committee
Working Group
???? ???
?????
?????
? XBRL Korea XBRL? ????? ??? ????? ??? ?? ???
????? XBRL International? ????? KICPA?
Facilitator?? ??
48
1. XBRL Korea
? Taxonomy ??(1)

• Taxonomy ?? K-GAAP ??? Taxonomy 2.1 Version up

• XBRL Specification 2.1, ????, ?? Label, ???
  10-18? ??
• ?????? ?? (2005. 12)
• 2005. 12?? XBRL Intl ???? ??

• Taxonomy ?? K-GAAP ??? Taxonomy ??

• ??, ??, ???
• ?????? ?? (2005. 12)
• 2005. 12?? XBRL Intl ???? ??

49
1. XBRL Korea
? Taxonomy ??(2)

• Taxonomy ?? K-GAAP Taxonomy Framework ??

Taxonomy Element ??

• ??, ??, ??, ???
• US-GAAP Taxonomy
• Framework? ??

??? Element ?? ??
??? Element ?? ??
??? Taxonomy ??
??? Taxonomy ??

• Taxonomy ???????? ??
• ???? Taxonomy ?? ??
• ? ?? ??

???? Taxonomy
???? Taxonomy
50
1. XBRL Korea
? Taxonomy ??(3)

• Taxonomy ?? ??? ??????? Pilot Program ??

• ??? ??????? ?? ??
• XBRL ?? Pilot Program ??
• Pilot ???? ?? ? ??? ?? ????? Presentation ??

51
2. ?????? DART???
? DART??? ??
???? (SGML)
??
??
??
One Stop Filing
52
2. ?????? DART???
? ???? ?? ? ????

• ??? ????
• ???? ????? ?
• ? 72?? (05? ??)
• ?? 30?? ??? ??

• ?? ????(34,640?)
• ? 11?5?? (04? ??) 8??? 26??
• ?? ? 5? ????? ??

53
2. ?????? DART???
? XBRL?? ????
06.8
07.3
05.10
????
????
????

• ?? ???? ? ??? ???? ?????? ?? ????
• ??? ??
• 2005? ?? ???? ?? ??

• ?? ???? ?? ?? ??
• ???? ??, ??? ?? ? ??? ?? ?? ?? ??

• TF?? ????
• DART XBRL ????? ??? ??
• XBRL Korea ???/??? ???? ??

54
2. ?????? DART???
? ????? ??? ??? ??

• ?? ????? ?????? ?? ????? ???????? ?? ??

??? ?? ??
(? ?)
(?????)
DART???
?????
????
ERP???
XBRL ????
????
? ? ?
? ? ?
?? S/W
??? ???
55
2. ?????? DART???
???? ??? ??
???? ?? D/B ??
?? ??
?? ??
??
??? ?????
??? ?? ?? ?? ??? ???, ????? ?? ?? ??????? ?? D/B ?? ?? ?????? ?? ??
?? ? ? ? ??? ?? ?? ? ? ? ???? ?? ??????? ???? ??
??? ???? ??? ?? ???? ?? ?? ??
??
?? ??? ??
?? ??? ??
??
56
?
XBRL ??

1. ??????? ????
2. ????? ????
3. ??? XBRL ??? ??
4. ??? ?????? ??
5. ??? ??
6. XBRL Slogan

57
1. ??????? ????

• XBRL? ??????? ????? ? ??? ??

????? ??, ??, ?? ??? ??? ??
????? ???
???? ?? ????? ???
58
2. ????? ????

• ?????? ????? ????? ????? ??? ??? ??

??? ?? ??
??? ????
??????? ?? ??
??? ????
????? ??
????????
59
3. ??? XBRL ??? ??

• ?????? ???????? XBRL ??? ??? ?????? ? ??????
  XBRL? ????? ??? ??? ??

• ?? ?1? ??? ??? / ???? IT??
• ????? ? ????? ???
• ?????????, ???? ?? ???? ???? ???
• ??????? ??? ?? ??(06. 8)? ?????? XBRL? ????? ???
  ??? ???

60
4. ??? ???? ?? ??

• XBRL? ?? ??? ??

• XBRL? IT??? ????? ???? ?? ?????
• ?? ?? ????? XBRL? ??? ??? ?? ?? ??

• XBRL ???? ??

• ??? XBRL??? ??????? ??? ???? ??

61
5. ??? ??

• XBRL? ??? ??????? ??? ??

• XBRL? XBRL International??? ???? ??????? ??
• ??? ?? XBRL International? ?? ?? ??????? ??? ??

• XBRL ???? ? ??? ???? ??? ??

• IT??? ?? ????
• ???, ?????, ???????, ???, SAP, ????, ?????? ?
• ?????? ???? ????
• ??????, ????, KPMG, Pwc ? ??,????????

• ?? ?? ??? ??? ?? ??

• XBRL? ?? ??? ??? XBRL? ??? ??? ? ??? ?? ???? ????
  ??? ?? ??? ??? ?? ??

62
6. XBRL Slogan
Better More Effective Use ????? ?? ???? ??
?? ???? ??? ?? ????? ??/?? ?? ??
BETTER More Effective Use
Faster More Quickly and Often ?? ?? ?? ???
?? ?? ?/?? ???? ?? ??
XBRL
SMARTER Cheaper And Intelligent
FASTER More Quickly and Often
Smarter Cheaper and Intelligent Data ?? ?? ?
??? ?? Data ??????? ??? ?? ????? ??? ?????
63
??? ??? ?????. ???????? IT???? KICPA,AICPA ? ?
? ymlee_at_ibcenter.co.kr

• XBRL Korea
• ??? ???? ???2? 185-10 ??????????? XBRL Korea
• http//www.xbrl.or.kr
  E-mail xbrl_at_kicpa.or.kr