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“XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg...

Date post: 19-Jan-2018
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EDGAR Online’s Sample Form 8-K
13
“XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective A CFO’s Perspective Greg Adams, CFO & COO Greg Adams, CFO & COO EDGAR Online, Inc.
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Page 1: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

“XBRL in Government and Industry”The SEC Voluntary Filing Program

A CFO’s PerspectiveA CFO’s Perspective

Greg Adams, CFO & COOGreg Adams, CFO & COOEDGAR Online, Inc.

Page 2: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Financial Executives

Have a critical responsibility to communicate operational results to stakeholders

Are facing a growing demand for efficient delivery in an interactive medium

Need better tools for faster decision making

Want their internal control environment enhanced through less retyping, more system integration, etc.

Page 3: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

EDGAR Online’s Sample Form 8-K

Page 4: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

EDGAR Online’s Sample Form 8-K

edgr-20050228.xsdedgr-2005028_cal.xmledgr-2005028_lab.xmledgr-2005028_pre.xmlEDGR_2004_10K.xml

Page 5: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

XBRL: A Technology StandardXBRL is a business reporting

standard that ultimately boils

down to a globally agreed-upon standard

using XML for its core technology.

Page 6: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Capitalizing on XBRL through Enhanced Analysis

I·Metrix solutions provide users with the most timely fundamental and supplementary data, analytical templates and toolsets at a substantially lower price point than our competitors.

The new I·Metrix family of products provides XBRL data and solutions today

Page 7: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

XBRL and Excel

Page 8: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Immediate Verification

Page 9: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Benefits of XBRL for Preparers Lower cost of producing information Tell your own story (precise & clear) Expanded communication “reach” More timely, accurate, data for decisions Enhanced analytical capabilities Better control environment – extension of

SOX 404 Accelerated adoption of reporting model

changes

Page 10: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

I·Metrix also includes standard and customizable templates

Page 11: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Integration of XBRL Data with Dashboard and Business Intelligence Platforms

Page 12: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Conclusions XBRL provides an immediate ROI for benchmarking Financial executives can meet their critical

responsibility to communicate operational results to stakeholders

Growing demand for efficient delivery in an interactive medium

Tools and services are available today to facilitate Preparation of Financial Statements Analysis Benchmarking

XBRL is an extension of SOX 404 requirements

Page 13: “XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams,…

Thank You!

Greg Adams, CFO & COOGreg Adams, CFO & COOEDGAR Online, Inc.


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