Académique Documents
Professionnel Documents
Culture Documents
Todays Objectives
What you need to know about XBRL XBRl progress in India XBRL at the U.S. Securities Exchange Commission Creating XBRL Filings for the SEC Mandate XBRL for Investor Relations
What is XBRL?
XBRL (eXtensible Business Reporting Language) XBRL is Tagged Data (Meta-Data - Machine Readable) Standard way to communicate business and financial information Defined by meta-data set out in taxonomies which capture the definition of individual reporting concepts and the relationships between them. XBRL - The Bar Code of the Business Reporting World. XBRL International Not-for-profit consortium of approximately 500 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption.
Inside XBRL
Multi dimensional financial data representations
Cash Cash Equivalents
D finitions
AKA Liquid Assets
Aliases and other definition relationships Mathematical relationships between concepts Structure for authoritative policies and guidance
Calculations
Cash = Currency + Deposits
Pr s ntation
R f r nc s
XBRL It m 200
Cont xts
US $ FY2003 Budgeted
Formulas
Cash 0
Todays Objectives
What you need to know about XBRL XBRl progress in India XBRL at the U.S. Securities Exchange Commission Creating XBRL Filings for the SEC Mandate XBRL for Investor Relations
IRIS is awarded project to convert the historical filings of US Companies into XBRL format
XBRL in India
Corpfiling XBRL based filing platform adopted by BSE and NSE
XBRL is Born
ICERS IRIS XBRL based filing platform was developed for BSE
RBI launches IRIS XBRL based filing platform for Capital Adequacy Returns
Todays Objectives
What you need to know about XBRL XBRl progress in India XBRL at the U.S. Securities Exchange Commission Creating XBRL Filings for the SEC Mandate XBRL for Investor Relations
Rating Agencies 2. SEC XBRL Tagging Rating Changes Final Rule Released for all Mutual Funds Jan 1, 2010
* Electronic submissions are governed by Regulation S-T, in conjunction with the EDGAR Filer Manual
IRIS Business Services (India) Pvt Ltd.
10
*Large Accelerate Filers: Exchange Act Rule 12b-2 generally defines large accelerated filers as an issuer that has common equity held by unaffiliated persons with value of at least US $700 million has been subjected to the Exchange Acts periodic reporting requirements for at least 12 months, has files at least one annual report and is not eligible to use the disclosure requirements available to smaller reporting companies for its periodic reports. ** Accelerated Filers: Worldwide public float is defined as the aggregated worldwide market value of the voting and non-voting common equity held by non-affiliated as of the last business day of the second fiscal quarter of the companys most recent completed fiscal year (i.e. the same measure used to determined accelerated filers statues) That is, a calendar year filers with determined its eligibility for the first phase-in group using its worldwide public float measured at 30 June 2008. *** Fiscal Period: For the first Form 10-Q (or for the Foreign Public Issuers, their first form 20 F or 40-F, if applicable) for the period ending after the specified transition date.
11
12
XBRL Filings
Input Output
13
XBRL Excel
14
Todays Objectives
What you need to know about XBRL XBRl progress in India XBRL at the U.S. Securities Exchange Commission Creating XBRL Filings for the SEC Mandate XBRL for Investor Relations
15
Validation
15,000+ Elements
Company Taxonomy
16
17
18
19
Todays Objectives
What you need to know about XBRL XBRl progress in India XBRL at the U.S. Securities Exchange Commission Creating XBRL Filings for the SEC Mandate XBRL for Investor Relations
20
http://www.cfapubs.org/doi/pdf/10.2469/ccb.v2009.n3.1
21
22
23
24
25
THANK YOU
26
27
XBRL Based Electronic Reporting Platform for Regulatory Reporting & Information Exchange
XBRL Based Electronic Reporting Platform for Regulatory Reporting & Information Exchange
28
XBRL Services
Outsourced Data Conversion Services
IRIS has a team of trained analysts that can create your financial reports in XBRL Format. The analysts have worked with US GAAP, IFRS and Indian GAAP Accounting Standard/Taxonomy
29
As one of the founding members of XBRL, I have been involved in XBRL for more than 10 years. I have seen the organization evolve from a small group of companies to an international organization supported by the worlds leading accounting, technology, financial services and regulatory agencies.
30