XBRL is for Everyone Aad Bergman Business Excellence Partners The Netherlands

Agenda Introduction Observations XBRL for Everyone

Introduction Business Partner Group –Specializing in Finance and ICT Since 3 years involved with XBRL Exploring the opportunities of XBRL

Observations The situation in the Netherlands May 2004 – Kick Off of NTP Political profile - Lessen administrative burden Tax Office, CBS and Chamber of Commerce

Observations Government –Political leaders: Highly committed –XBRL Project Team: Highly committed Market –ISV/Others: Enthousiastic and Reluctant –Accountants : Reluctant

Observations Government and Market working together Taxonomy development Services architecture

Observations The market is currently adopting XBRL Government, CPA’s, ISV’s and others are committing themselves XBRL is introduced into information flows

XBRL Adoption From business perspective –Not because of “a new standard”..... –But the promise of one common standard From a technical perspective –It is more complicated than just XML..... –But less complicated then expected

XBRL for everyone Common external reporting standard XBRL based infrastructure Use of Taxonomy What to do next?

XBRL for everyone XBRL for enterprises XBRL as a business communication standard Internal and External communication XBRL WILL play an important role in future information architectures

Internal reporting – When XBRL? Companies with multiple offices / business units Operating in multiple countries Different applications Companies with different reporting structures

Internal reporting – The solution Corporate Reporting Scheme Corporate Accounting Principles Combine the public taxonomies with corporate taxonomies Not only financial data!

Internal reporting - Benefits Reduces manual interaction Improves data quality Shortens reporting cycles Allows for more flexible reporting Improves bottom line!

External reporting – When XBRL? External: –When it is required –When the ISV puts it in Internal: –One data definition supporting multiple information flows

External reporting – When XBRL? External: –When it is required –When the ISV puts it in Internal: –One data definition supporting multiple information flows

Other developments The Taxonomy as your meta data model Business Rules

Other developments XBRL General Ledger

Thank you!

Business Excellence Partners BV (Amsterdam – Rotterdam, The Netherlands) Aad Bergman