welcome from xbrl international report on xbrl international (xii) activities kurt ramin chairman...
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Welcome from XBRL International Report on XBRL International (XII) Activities
Kurt RaminChairman – XBRL International Steering Committee
Commercial Director, IASCF
Former Partner, PricewaterhouseCoopers
Tuesday, 26 April 2005, Boston
Agenda
Report on XBRL Activities Internationally
International Organization and Strategy Jurisdictions and Working Groups Projects around the world Next steps in the International integration
of Business and Financial Reporting
XBRL
<price>100</price><price>100</price>
<unit>2</unit><unit>2</unit>RFID – Radio frequency
Identification
Capital Markets Banking Real Estate Insurance
Transaktional
Capital Markets Data
ExchangeISO 15022,
FinXML
Securities TradingSWIFTML,
FIXML, STPML
Securities Vocabularies
MDDL
DerivativesFpML
Consumer & BusinessIFX, OFX
MortgageMISMO
Real Estate Transactions
RETML
Consumer & BusinessACORD
Reporting
All Financial ReportingXBRL
FinancialResearch
RIXML, IRML
Financial NewsMarketML
Source: Copyright © 2002, ZapThink, LLC
Standards in Financial Services
The business reporting supply - chain
ExternalFinancialReporting
BusinessOperations
InternalFinancialReporting
Investment,Lending, and
RegulationProcesses
Participants
AuditorsTradingPartners
Investors
FinancialPublishersand Data
Aggregators
Regulators
Software Vendors
ManagementAccountants
Companies
XBRL GL IFRS XBRL taxonomies
Companies
Entities: • Public Companies• NPAEs• Public Sector
Agenda
Report on XBRL Activities Internationally International Organization and
Strategy; Jurisdictions and Working Groups
Projects around the world Next steps in the International integration
of Business and Financial Reporting
after term expires
International Steering Committee
Chair: Kurt Ramin
International Steering Committee
Chair: Kurt Ramin
Board of Advisors (5 to 19 members)Not Yet Established
Board of Advisors (5 to 19 members)Not Yet Established
1st Vice ChairPaul Penler
1st Vice ChairPaul Penler
2nd Vice ChairWalter Hamscher
2nd Vice ChairWalter Hamscher
Executive Committee*(7 members)
Executive Committee*(7 members)
elects
appoints
Immediate Past ISC ChairVacant
Immediate Past ISC ChairVacant
member of
ISC chairelects
ISC SeatISC Seat
Key
No Seat on ISCNo Seat on ISC
**Standing
XBRL International Governance
Provisional Jurisdictions
KoreaKorea BelgiumBelgium DenmarkDenmark SwedenSweden
ISC
Rep
resen
tativ
es
At Large Representatives
Michael
Ohata*
Michael
Ohata*
Vincent Bert Vincent Bert
CurrentlyVacant
CurrentlyVacant
Walter
Hamscher
Walter
Hamscher John Turner John Turner
Makoto Koizumi
Makoto Koizumi
MikeWillis
MikeWillis
President **Louis
Matherne
President **Louis
Matherne
Olivier Servais Olivier Servais
Established Jurisdiction Representatives
CABill
Swirsky
CABill
Swirsky
AUPaul Phenix
AUPaul Phenix
IASBKurt Ramin
IASBKurt Ramin
NZGraeme
Sinclair
NZGraeme
Sinclair
UK
Chris Rodgers
UK
Chris Rodgers
DENorbert
Flickinger
DENorbert
Flickinger
USPaul Penler*
USPaul Penler*
JPEiichi
Watanabe *
JPEiichi
Watanabe *
NLJan Pasmooij
NLJan Pasmooij
IRConor O’Kelly
IRConor O’Kelly
SPFederico Florez *
SPFederico Florez *
* At Large EC Representation from ISC
* At Large EC Representation from ISC
FranceFrance
Established Jurisdiction Representatives
CABill
Swirsky
CABill
Swirsky
AUPaul Phenix
AUPaul Phenix
IASBKurt Ramin
IASBKurt Ramin
NZGraeme Sinclair
NZGraeme Sinclair
UKChris Rodgers
UKChris Rodgers
DENorbert Flickinger
DENorbert Flickinger
USPaul Penler*
USPaul Penler*
JPEiichi Watanabe *
JPEiichi Watanabe *
NLJan Pasmooij
NLJan Pasmooij
IRConor O’Kelly
IRConor O’Kelly
SPFederico Florez *
SPFederico Florez *
Provisional Jurisdictions
KoreaKorea BelgiumBelgium DenmarkDenmark SwedenSweden FranceFrance
International Steering Committee
Chair: Kurt Ramin
International Steering Committee
Chair: Kurt Ramin
Executive CommitteeExecutive Committee
* Louis Matherne, President Marisa Chung, Business Development & Operations Manager Hugh Wallis – Standards Development Ignacio Hernandez-Ros – Taxonomy Development Tracey Tarinelli, Program Manager Peter Calvert, Web Content
* Louis Matherne, President Marisa Chung, Business Development & Operations Manager Hugh Wallis – Standards Development Ignacio Hernandez-Ros – Taxonomy Development Tracey Tarinelli, Program Manager Peter Calvert, Web Content
XBRL InternationalOperations
XII Staff*XII Staff*
Working GroupsWorking Groups
SolutionsChair: Michael Ohata
Vice Chair: Paul Snijders
SolutionsChair: Michael Ohata
Vice Chair: Paul Snijders
DomainChair: Josef MacDonald
Vice Chair: Marc van Hilvoorde
DomainChair: Josef MacDonald
Vice Chair: Marc van Hilvoorde
Basel IIChair: Daniel D’Amico
Basel IIChair: Daniel D’Amico
AssuranceChair: Jan Pasmooij
Vice Chair: Bill Swirsky
AssuranceChair: Jan Pasmooij
Vice Chair: Bill Swirsky
AccountingChair: Dan Roberts
Vice Chair: Yossef Newman
AccountingChair: Dan Roberts
Vice Chair: Yossef Newman
General LedgerChair: Diane Mueller
General LedgerChair: Diane Mueller
SpecificationChair: Paul Warren
Vice Chair: Cliff Binstock
SpecificationChair: Paul Warren
Vice Chair: Cliff Binstock
ISC SubcommitteesISC Subcommittees
FinanceChair – Kurt Ramin
FinanceChair – Kurt Ramin
NominatingChair – Bill Swirsky
Vice Chair – Conor O’Kelly
NominatingChair – Bill Swirsky
Vice Chair – Conor O’Kelly
BylawsChair - Hugh Wallis
BylawsChair - Hugh Wallis
Jurisdiction DevelopmentChair – Liv Watson
Jurisdiction DevelopmentChair – Liv Watson
Product Development TeamChair – Walter Hamscher
Product Development TeamChair – Walter Hamscher
Board of Advisors SelectionChair – Mike Willis
Vice Chair – Olivier Servais
Board of Advisors SelectionChair – Mike Willis
Vice Chair – Olivier Servais
Intellectual Property Policy Chair – Bill Swirsky
Intellectual Property Policy Chair – Bill Swirsky
Working GroupsWorking Groups
SolutionsChair: Michael Ohata
Vice Chair: Paul Snijders
SolutionsChair: Michael Ohata
Vice Chair: Paul Snijders
DomainChair: Josef MacDonald
Vice Chair: Marc van Hilvoorde
DomainChair: Josef MacDonald
Vice Chair: Marc van Hilvoorde
Basel IIChair: Daniel D’Amico
Basel IIChair: Daniel D’Amico
AssuranceChair: Jan Pasmooij
Vice Chair: Bill Swirsky
AssuranceChair: Jan Pasmooij
Vice Chair: Bill Swirsky
AccountingChair: Dan Roberts
Vice Chair: Yossef Newman
AccountingChair: Dan Roberts
Vice Chair: Yossef Newman
General LedgerChair: Diane Mueller
General LedgerChair: Diane Mueller
SpecificationChair: Paul Warren
Vice Chair: Cliff Binstock
SpecificationChair: Paul Warren
Vice Chair: Cliff Binstock
Agenda
Report on XBRL Activities Internationally International Organization and Strategy;
Jurisdictions and Working Groups Projects around the world Next steps in the International integration
of Business and Financial Reporting
Agenda
Report on XBRL Activities Internationally International Organization and Strategy;
Jurisdictions and Working Groups Projects around the world Next steps in the International
integration of Business and Financial Reporting
Stable Platform - XBRL Specification Specification History
Increasing resources applied Increasingly thorough; Higher standards Elapsed time is still sobering!
XBRL 1.0
XBRL 2.0
XBRL 2.0a
XFRML TulipXBRL
2.1
10/99 6/00 12/01 31/125/0311/02
BostonMtg.
12/00
TampaMtg.
XMLSchema
5/01
ExternalDeadline
on 2.1XML
Linking
2000 2001 2002 2003
International Integration International Members (present in
several jurisdictions) Accenture Deloitte Ernst&Young KPMG PricewaterhouseCoopers
AdobeSystems Fujitsu Hyperion Solutions Microsoft Rivet Software SoftwareAG Universal Business Matrix
Members in Jurisdictions Australia 20+ Canada 20 Germany 30+ Ireland 14 Japan 80+ Netherlands 40+ New Zealand 15 Spain 30+ UK 20+ US 50+
IFRS around the Globe (90 + countries) Principles based Rules based Definition based
Accounting Objects –XBRL GL
Operating
Financial
Other
Cash
Inventory
Financial Asset
Receivable
Revenue
Minority Interest Equities
Accounting Objects(Journals)
PPE
Vouchers &Cash Entries
Forward Contract
Subsidiary Bond
Statements ofFinancialPosition
Change Time Statements of
FinancialPosition
Operational Equity
Financial Equity
Other Equity
Operational Equity
Statement of Financial Performance For specific Business Model
Quantity X Value
Beginning Period
Quantity X Value
Ending Period
Market Value Market Value
Financial Equity
Other Equity
Operating
Financial
Other
Change inEquities
Change inShareholder Value
Reconciliation of valuation to cash flows with supporting disclosures !
• Multi-level reporting per Period
• fair value• cash flow• accrual
• Data definitions• accounting objects
• Enhanced business reporting
Kurt Ramin
Commercial Director, IASCFCommercial Director, IASCFFormer Former Partner, PwCPartner, PwCGlobal Chair – XBRL Global Chair – XBRL InternationalInternational(e) [email protected](e) [email protected]