mar25 asug xbrl compliance with sap

]

COREY PEARSON [ ASUG INSTALLATION MEMBER

MEMBER SINCE: 2008

CHAVONE JACOBS [ ASUG INSTALLATION MEMBER

MEMBER SINCE: 2003

ALLAN FISHER [ ASUG INSTALLATION MEMBER

MEMBER SINCE: 2008

XBRL Compliance with SAP

Murali Chandrasekaran, SAP BusinessObjects

Vish Arunachalam, Perceptive Technologies

March 25, 2010

Real Experience. Real Advantage.

[ Agenda

1. Introduction

2. XBRL Basics

3. Overview of SAP BusinessObjects XBRL Publishing

4. What are the key considerations in an XBRL

initiative?

5. SEC Compliance Requirement

6. When you must be in compliance?

7. What can you do now to get started?

8. XBRL System demo

2


[

3

Disclaimer

This presentation outlines our general product direction and should not

be relied on in making a purchase decision. This presentation is not

subject to your license agreement or any other agreement with SAP.

SAP has no obligation to pursue any course of business outlined in this

presentation or to develop or release any functionality mentioned in this

presentation. This presentation and SAP's strategy and possible future

developments are subject to change and may be changed by SAP at

any time for any reason without notice. This document is provided

without a warranty of any kind, either express or implied, including but

not limited to, the implied warranties of merchantability, fitness for a

particular purpose, or non-infringement. SAP assumes no responsibility

for errors or omissions in this document, except if such damages were

caused by SAP intentionally or grossly negligent.


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

4


[

5

Speakers VISH ARUNACHALAM

VP, EPM

Perceptive Technologies

1270 Oakmead Pkwy.

Ste. 310

Sunnyvale, CA 94085

M.510.557.2693

D.408.737.0380

Fax: 408.608.2012

[email protected]

www.perceptinc.com

mailto:[email protected]


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

6


[

7

What is XBRL? eXtensible Business Reporting Language

The XML-based global standard for exchanging financial and business information

Revolutionizing the way financial and business information is reported and

disclosed

Defines the content of financial reports making it easier to compare financial

information

Makes financial information easier to search, compare, and analyze

Electronic tagging of information items – equivalent to “bar-coding”

Mandated for use by regulatory agencies, stock exchanges, and central banks

U.S. Securities and Exchange Commission (SEC), UK Tax Authority, etc.

Each jurisdiction defines its own taxonomy

A set of agreed-upon, computer-readable “tags” for individual data items in

business reports and how they interrelate

Taxonomies can be extended for specific industries or by individual corporations

Getting consolidated financials published as XBRL documents is no small task

Any one financial report can have thousands of data items


[

8

Why is software necessary? XBRL syntax is highly complex and not business user-friendly

The process of creating and validating XBRL instance statements

needs to be industrialized and contain a full audit trail

What an XBRL instance statement actually looks like:


[

9

Global push for “interactive data”

EUROPE Belgium -CBFA & National Bank

EU -CESR, CEBS

France –Bank de France, AMF

Netherlands -4 major ministries &

Water Boards

Norway –Exchange

Spain -Bank of Spain,& CNMV,

Sweden –Companies House

UK –HMRC (Companies House)

Italy –Stock Exchange and

Banking

MIDDLE EAST/AFRICA Abu Dhabi –Exchange

Israel -Securities Authority

South Africa –Exchange

NORTH AMERICA Canada –CSA, Toronto Exchange

Cayman Islands –CIMA

US –FDIC, SEC, IRS, Dept of Parks

World Bank –Micro Lending

SOUTH AMERICA Argentina –Bank of Argentina

Bolivia -Government-wide

Brazil –Bank of Brazil

Chile –Bank of Chile

Columbia –Bank of Columbia

Peru –Bank of Peru

ASIA/PACIFIC Australia –Government Wide

China –Shanghai & Shenzhen

Exchanges, CSRC, SFC

India –Mumbai & National

Stock Exchange, Reserve

Bank of India

Japan –Tokyo Exchange &

Bank of Japan

Korea –KOSDAQ

Singapore –ACRA

Thailand –Thailand Exchange


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

10


[

11

SAP BusinessObjects XBRL Publishing

Streamlining XBRL publishing for business users

SAP BusinessObjects

XBRL Publishing by UBmatrix

Excel Workbook

Report Builder

Supplement, Tag, Validate, Publish

Prepared Financial Statements

Taxonomy Designer

Extend / Customize Taxonomies

XBRL Instance Document

Regulators

US SEC

UK HM Rev & Customs

Japan Fin Service Agency

etc.

SAP Business Suite Software

SAP BusinessObjects EPM Solutions

SAP BusinessObjects

XBRL Publishing by UBmatrix

Excel Workbook

Report Builder

Supplement, Tag, Validate, Publish

Prepared Financial Statements

Taxonomy Designer

Extend / Customize Taxonomies

XBRL Instance Document

Regulators

US SEC

UK HM Rev & Customs

Japan Fin Service Agency

etc.

SAP Business Suite Software

SAP BusinessObjects EPM Solutions


[

12

Key Features

XBRL taxonomy navigation – Quickly search and filter large,

complex taxonomies to find tags relevant for your business

data

Mapping – Map taxonomy tags to data using a drag-and-

drop mapping environment

Validation – Use comprehensive validation functionality to

confirm accuracy and completeness and identify issues

Disclosure inclusion – Link to and import management

discussions, disclosures, footnotes, and other narratives

created in Microsoft Word to XBRL documents

Taxonomy extension – Easily extend published XBRL

taxonomies to include other information

Compliance – Be confident that your XBRL documents

comply with the business rules of third-party taxonomies


[

13

Business Benefits

Reduced time and effort to create XBRL documents

thanks to integration with Microsoft Excel, taxonomy

navigation tools, and drag-and-drop functions that simplify

mapping

Lower audit costs because auditors can “slice and dice”

your financial data quickly and easily, enabling them to

perform audits faster, more accurately, and at lower cost

Greater confidence in your financial disclosures because

data and mappings are validated as accurate, complete,

and in compliance with business rules defined by third-

party taxonomies

Increased flexibility and control and lower costs by

eliminating the need for XBRL outsourcing services


[

Familiar and easy to use

Enables rapid adoption by leveraging native

Microsoft Office tools (e.g. Excel)

Consolidations business rules are configured by

finance users (no scripting required)

User owned and managed

Process-centric

Customizable business process flows ensure

consistency and minimize training

Enforce policies and procedures - track process

status and completion

Step-by-step guidance for users

Unified planning and consolidation

Single, integrated application reduces maintenance,

improves data integrity

Simplified deployment while enabling flexible

consolidation and planning functions

Optimized for SAP and non-SAP environments

SAP BusinessObjects Planning and

Consolidation Streamlined consolidation, planning, budgeting, and forecasting


[

Fast implementation

Pre-packaged content reduces implementation

times by up to 80%

Dynamic configuration enables easy

customization to specific requirements

Complete, generic reference implementation

Rapid and trusted legal compliance

Embedded expertise in meeting financial

regulations including best practice in financial

consolidations and internal controls

Detailed process guidance for business users

Comprehensive scope

IFRS/GAAP specific chart of accounts

Pre-configured IFRS/GAAP consolidation rules,

controls, and calculations

Publishable financial statements

SAP’s Starter kits

Faster legal compliance – reduce implementation times


[

16

Architecture SAP BusinessObjects Planning and Consolidation

SAP BusinessObjects XBRL Publishing SAP BusinessObjects Planning and Consolidation

Consolidated

Information

Taxonomy

Designer

Extend /

Customize

Taxonomies

Regulators

SAP Business

Objects Planning

and Consolidation

Prepared

Financial

Statements

Report Builder

Supplement,

Tag, Validate,

Publish

Excel Workbook

XBRL Instance

Document

US SEC, UK Companies House,

Japan FSA, etc.


[

17

Speed Quickly navigate taxonomies and map data Easy to use drag-and-drop mapping environment Fast, thorough validation of generated XBRL documents

Flexibility Easily extend published XBRL taxonomies Complies with the XBRL 2.1 specification Supports basic and block‐text footnotes, dimensions, and business rules

Summary

Saves time and money

Faster and easier to create

financial statements suitable

for electronic submission to

regulators

Confidence and compliance

Ensures filings are accurate,

complete, and meet all current

regulatory requirements.

Enables faster and more

accurate audits at lower cost

Supports the “last mile” of

finance

Streamlines consolidation,

reporting, and publishing

processes without sacrificing

data quality

Benefits

Simplicity Works with EPM solutions and SAP Business Suite Link to and import disclosures stored in Microsoft Word Insulates users from dealing with complex XBRL syntax


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

18


[

19

What are the key considerations in

an XBRL initiative?

Pressure to implement an XBRL publishing solution

quickly

Desire for more control and flexibility than XBRL

outsourcing offers

Limited in-house resources who can work with complex

XBRL syntax directly

Software - so users can prepare, validate, publish,

exchange and analyze business reports or statements

and the information they contain


[ What are the key considerations in

an XBRL initiative?

Who should be involved?

Integration with SAP BusinessObjects Applications

IFRS on the horizon

Training is required to familiarize with taxonomy concepts

Key Criteria for XBRL software:

Speed of taxonomy loading

File size that can be handled

Handling changes to taxonomy

Software updates

Processing times

Search capabilities

Ease of use

20


[ Who should be involved

External reporting

Special projects

Legal

Audit committee

Internal/external auditors

Investor relations

IT

Business Partners

Others

21


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

22


[

23

U.S. SEC mandates XBRL filings Mandate for public companies

operating in the U.S. to begin filing their financial reports using XBRL

Approved Dec 17th, 2008

Starting with the largest accelerated filers

Defined as those with a worldwide public float of $5 billion or higher

Equates to approximately 500 companies

Three-year timetable

Largest 500 filers for fiscal periods ending on or after June 15th, 2009

All other large accelerated filers in 2010

All remaining companies in 2011

Limited liability provisions until 2014

Mutual funds were also mandated

File risk and return information

By Jan 1st, 2011


[ XBRL: SEC Final Rule

Requires companies to provide financial statements in XBRL.

Applies to domestic and foreign companies using U.S. GAAP and,

eventually, to foreign private issuers using IFRS issued by the

International Accounting Standards Board.

Includes primary financial statements, notes, and financial statement

schedules, plus company identifier information

Is a supplement, not a replacement to the traditional electronic filing

formats in ASCII or HTML.

Filings would be subject to limited liability within 24 months of the time

the filer first is required to submit interactive data files. The limited

liability provision will terminate completely on October 31, 2014.

SEC has proposed that "Viewable interactive data, which will be

identical in all material aspects with corresponding portions of the

traditional format filing, will be subject to the same liability under the

federal securities law as the corresponding portions of the traditional

format filing“

24


[ Company Website XBRL formatted financials must be posted on the

company’s corporate website, if it maintains one.

For at least 12 months on an issuer’s website.

A company cannot use a hyperlink to the SEC website to

satisfy the requirement of posting the interactive data on its

own website

25


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

26


[ When must you be in compliance

Phase 1 (Fiscal Periods ending on or after 15 June 2009):

Large accelerated filers using US GAAP with a worldwide

public float over $5 Billion (US Dollars).


Other large accelerated filers using US GAAP


All other filers including smaller reporting companies

using US GAAP and all filers that use IFRS issued by the

IASB.

27


[ When you must be in compliance?

Three year phase-in schedule:

In year 1, the final rules would apply only to domestic and

foreign large accelerated filers that use U.S. GAAP and have a

worldwide public float above $5 billion.

Quarterly reports on form 10-Q or annual report on Form

20-F or Form 40-F containing financial statements for a

fiscal period ending on or after June 15, 2009.

In year 2, all other domestic and foreign large accelerated filers

using U.S. GAAP would be subject to interactive data reporting.




28


[ When you must be in compliance?

(contd.)

In year 3, all remaining filers using U.S. GAAP, including

smaller reporting companies, and all foreign private

issuers that prepare their financial statements in

accordance with IFRS as issued by the IASB would be

subject to the same interactive data reporting

requirements.




29


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

30


[ Compliance with XBRL

31

Assess • SEC Plans

• Knowledge

• Readiness

Prepare • Identify

Business Partners

• Assemble Team

• Project Plan

Implement • Map

• Extend

• Tag

• Dry Run

• Validate

Comply • Create

• Review

• File


[ XBRL Compliance with SAP

System IFRS-USGAAP Starter

Kit

SAP XBRL Support

SAP BusinessObjects

Planning and

Consolidation

SAP BusinessObjects

Financial Consolidation

SAP SEM BCS

ECCS

(using interactive Excel) Others

*

32

*SAP BW based solution


[ Why SAP?

The solution is tested, validated, and supported (1st level) by SAP so

customers can feel confident that the overall solution will work as

intended

Customers don’t have to deal directly with small niche XBRL vendors

that are unlikely to be on their list of approved software vendors

SAP has unique content available for faster and smooth

implementation

Excel templates from the “EPM for Finance Starter Kits &

Innovations” team

EPM for Finance - Starter Kits & Innovations

IFRS 2009 compliant starter kits with pre-defined XBRL mappings for:

SAP BusinessObjects Planning and Consolidation

BusinessObjects Financial Consolidation

Pre-tagged Excel financial statement templates

10-K, 10-Q, 6-K, 20-F

33


[ Why Perceptive?

SAP System Integrator since 2004

Serving customers globally

SAP EPM-AdvantageFinance™

EPM Assessment

EPM Migration

EPM Implementation

Financial Transformation Services – XBRL & IFRS

SAP Shared Support-ShareSense™

SAP GTS & Logistics

SAP Services Partner

Winshuttle Premier Partner


[ Agenda

1. Introduction

2. XBRL Basics



initiative?




8. XBRL System demo

35

]

COREY PEARSON [ ASUG INSTALLATION MEMBER

MEMBER SINCE: 2008

CHAVONE JACOBS [ ASUG INSTALLATION MEMBER

MEMBER SINCE: 2003

ALLAN FISHER [ ASUG INSTALLATION MEMBER

MEMBER SINCE: 2008

Appendix

Architecture Diagrams

SAP BusinessObjects Planning and

Consolidation

SAP BusinessObjects Financial Consolidation

SAP Business Suite


[

37

Architecture SAP BusinessObjects Financial Consolidation

SAP BusinessObjects XBRL Publishing SAP BusinessObjects Financial Consolidation

Taxonomy

Designer

Extend /

Customize

Taxonomies

Regulators

Excel Link/

Analyzer

Prepared

Financial

Statements

Report Builder

Supplement,

Tag, Validate,

Publish

Excel Workbook

XBRL Instance

Document

Extended

Analytics Cube

Consolidated

Information US SEC, UK Companies House,

Japan FSA, etc.


[

38

Architecture SAP Business Suite (including SEM-BCS)

SAP BusinessObjects XBRL Publishing SAP Business Suite (including SEM-BCS)

Taxonomy

Designer

Extend /

Customize

Taxonomies

Regulators

BEx Analyzer

Prepared

Financial

Statements

Report Builder

Supplement,

Tag, Validate,

Publish

Excel Workbook

XBRL Instance

Document

BI InfoCube

Periodic

Extractor

Remote

Extractor


Japan FSA, etc.


[

39

Architecture SAP Bank Analyzer (e.g. for COREP and FINREP reporting)

SAP BusinessObjects XBRL Publishing SAP Bank Analyzer (for COREP/FINREP)

Taxonomy

Designer

Extend /

Customize

Taxonomies

Regulators

BEx Analyzer

Prepared

Financial

Statements

Report Builder

Supplement,

Tag, Validate,

Publish

Excel Workbook

XBRL Instance

Document

BI InfoCube

Periodic

Extractor


Japan FSA, etc.


[

41

] Thank you for participating.

mar25 asug xbrl compliance with sap

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