“XBRL in Government and Industry” The SEC Voluntary Filing Program A CFO’s Perspective Greg Adams, CFO & COO EDGAR Online, Inc.
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.
EDGAR Online’s Sample Form 8-K
edgr xsd edgr _cal.xml edgr _lab.xml edgr _pre.xml EDGR_2004_10K.xml
XBRL: A Technology Standard XBRL is a business reporting standard that ultimately boils down to a globally agreed- upon standard using XML for its core technology.
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
XBRL and Excel
Immediate Verification
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
I·Metrix also includes standard and customizable templates
Integration of XBRL Data with Dashboard and Business Intelligence Platforms
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
Thank You! Greg Adams, CFO & COO EDGAR Online, Inc.