XBRL InternationalXBRL InternationalStandards UpdateStandards Update
Ignacio Hernandez-RosTechnology Development, XBRL International Inc.([email protected])
Agenda:Agenda: 30’30’
About XBRL International How XBRL works XSB Structure and Goals XBRL Workstreams CEBS Taxonomies next steps
About XBRL InternationalAbout XBRL International International consortium, non for profit Our internal organization is similar to the W3C or the OASIS Currently we are more than 450 members We have a business focus over the technological aspects The consortium is neutral and independent We look for the support of groups of users who can benefit
from XBRL Governmental organisms
Stock exchanges National banks Other regulators
The big accounting firms Top technology companies working in XML arena Companies who develop Software for Business (ERP, Data marts, …)
XBRL organizationXBRL organization
HTTP://www.xbrl.org
after term expires
I nternational Steering Committee
Chair: Kurt Ramin
I nternational Steering Committee
Chair: Kurt Ramin
Board of AdvisorsThomas Krantz, Chair
Board of AdvisorsThomas Krantz, Chair
1st Vice ChairBill Swirsky
1st Vice ChairBill Swirsky
2nd Vice ChairMichael Ohata
2nd Vice ChairMichael Ohata
Executive Committee*(7 members)
Executive Committee*(7 members)
elects
appoints
Immediate Past ISC ChairVacant
Immediate Past ISC ChairVacant
member of
ISC chairelects
I SC SeatI SC Seat
Key
No Seat on I SCNo Seat on I SC **StandingI SC SeatI SC Seat
Key
No Seat on I SCNo Seat on I SC **Standing
XBRL International Governance
Provisional J urisdictions
FranceFrance BelgiumBelgium DenmarkDenmark SwedenSwedenProvisional J urisdictions
FranceFrance BelgiumBelgiumBelgiumBelgium DenmarkDenmark SwedenSweden
ISC
Rep
resen
tativ
es
At Large Representatives
Michael
Ohata*Nov 2007
Michael
Ohata*Nov 2007
Liv WatsonNov 2006
Liv WatsonNov 2006
Mike BartellNov 2008
Mike BartellNov 2008
Walter HamscherNov 2007
Walter HamscherNov 2007
John Turner
Nov 2006
John Turner
Nov 2006MakotoKoizumiNov 2006
MakotoKoizumiNov 2006
MikeWillis
Nov 2006
MikeWillis
Nov 2006
Thomas Church
Nov 2007
Thomas Church
Nov 2007
Established J urisdiction Representatives
CABill
SwirskyNov 2007
CABill
SwirskyNov 2007
AUPaul Phenix
Nov 2006
AUPaul Phenix
Nov 2006
IASBKurt RaminNov 2007
IASBKurt RaminNov 2007
NZ
John PalmerNov 2005
NZ
John PalmerNov 2005
UKChris RodgerMarch 2008
UKChris RodgerMarch 2008
DENorbert
FlickingerFeb 2006
DENorbert
FlickingerFeb 2006
USDan Roberts*
Nov 2008
USDan Roberts*
Nov 2008
JPNobuyuki
Sanbuichi *Nov 2009
JPNobuyuki
Sanbuichi *Nov 2009
NLJan Pasmooij
Nov 2005
NLJan Pasmooij
Nov 2005
IRConor O’Kelly
June 2007
IRConor O’Kelly
June 2007
SPFedericoFlorez *
June 2007
SPFedericoFlorez *
June 2007
Established J urisdiction Representatives
CABill
SwirskyNov 2007
CABill
SwirskyNov 2007
AUPaul Phenix
Nov 2006
AUPaul Phenix
Nov 2006
IASBKurt RaminNov 2007
IASBKurt RaminNov 2007
NZ
John PalmerNov 2005
NZ
John PalmerNov 2005
UKChris RodgerMarch 2008
UKChris RodgerMarch 2008
DENorbert
FlickingerFeb 2006
DENorbert
FlickingerFeb 2006
USDan Roberts*
Nov 2008
USDan Roberts*
Nov 2008
JPNobuyuki
Sanbuichi *Nov 2009
JPNobuyuki
Sanbuichi *Nov 2009
NLJan Pasmooij
Nov 2005
NLJan Pasmooij
Nov 2005
IRConor O’Kelly
June 2007
IRConor O’Kelly
June 2007
SPFedericoFlorez *
June 2007
SPFedericoFlorez *
June 2007
* At Large ECRepresentation from ISC
* At Large ECRepresentation from ISC
KRYong Moon
LeeMarch 2009
How XBRL worksHow XBRL works
XBRL is a standard to label data that appears in business reports The information is generated once and used many times The information is comparable among companies Information is based on existing standards such as GAAP for
accounting. XBRL does not imply changes in existing charts of accounts.
XBRL can be used to publish, exchange and analyse business data
XBRL (Extensible Business Reporting Language) is based on XML (Extensible Markup Language)
How XBRL worksHow XBRL works Taxonomies (architecture of the information)
Dictionary of concepts Relationships between the concepts (metadata)
Calculation relationships Presentation relationships Definition relationships Labels in multiple languages References to actual legislation or other
definitive works
XBRL Instance Documents (Reports) Reference the Taxonomies Contextual information
Who is submitting the report Time dimension (instant and period) Dimensional metadata
Units for the values The values (or “facts”) Footnotes
The XSBThe XSB
Purpose and Scope of the XBRL International Standards Board (XSB)
The Purpose of the XBRL Standards Board is to actively manage the production and finalisation of stable, high quality, interoperable specifications and other supporting technical materials in support of XBRL-based business reporting.
The scope of the XBRL Standards Board is limited to the production of technical materials agreed by the International Steering Committee, to a timetable proposed by the XSB and approved by the ISC. The XSB must operate in conformance with a set of processes approved and published by the ISC that ensure appropriate levels of quality, review, testing and analysis by XBRL member and non-member stakeholders.
The XSB will form working groups charged with specific tasks and oversight and approve the work of certain standing working groups. It will be for the Standards Board itself to manage the development of these groups so they are not specifically covered by this document.
XSB Structure and GoalsXSB Structure and GoalsISCISC
International Steering CommitteeObjective: Ultimately charged with the responsibility of considering and approving the release and
publication of certain key documents and pronouncements (particularly recommendations)
XSBPart-time XBRL Standards Board
7 Members (annual terms), maximum 4 from ISC of which one is Chair of XSB
XSBXSBPart-time XBRL Standards Board
7 Members (annual terms), maximum 4 from ISC of which one is Chair of XSB
Technical Working GroupsTechnical Working GroupsTechnical Working Groups
3 Members:Architecture
(XML and XBRL experts)
2 Members:Business Reporting
Experts
1 Member:Product Management
1 Member:Program Management
Permanent (standing)Permanent (standing) Temporary (ad hoc)Temporary (ad hoc)
Chair
Members
Objective: Create XBRL technical intellectual property
appoints
selects
proposes documents for approval monitors compositions
elects
confirms selection and appointments
Vice Chair
Chair
Members
Vice Chair
Initial appointment
After 1st
year (if necessary)
Initial appointment
charters and disbands
XBRL WorkstreamsXBRL Workstreams
Processes: Creation of a Working GroupBy XSB
instigation
By members’ instigation
Call for participation
Initial Charter XBRL Inc WG Administrator
max. 15 days max. 90 days
XSB WG approval
First WG meeting
End
Yes
No
Definitive Charter
max. 30 days (telephone meeting)or 45 days (face to face meeting)
Minimum Membership
become Voting Members?
End No
Start of WG Activities
Yes
XBRL WorkstreamsXBRL Workstreams
Processes: Development of a specification
Main steps
Publication of the First PWD
Last Call announcement
Call for Implementations(1)
Call for Review of a PR
Publication as a REC
Receive feedback
Move to next step?
No
Publication of an additional PWD
Yes
Receive feedback
Move to next step?
No
Receive feedback
Move to next step?
No
Receive feedback
Move to next step?
Yes
Publication of a CR
Yes
Publication of a PR
Yes No
XBRL WorkstreamsXBRL Workstreams
Technical (formal Working Group – WG) Formula Functions Dimensions Base Specification & Maintenance
Includes Generic Linkbase XBRL GL Rendering
Ongoing maintenance and periodic work (Review Team) Taxonomy recognition, including FRTA Link Role Registry
Technical staff-led commitments (projects or papers) Versioning Approach to interoperability
CEBS Taxonomies next stepsCEBS Taxonomies next steps
Suggested next steps
Consolidate the taxonomy repository and documentation in one official location
Help the industry creating XBRL software
Share the know how with other XBRL members
Thank you for your Thank you for your attention.attention.