1. XBRL International Conference “A Roadmap for use of XBRL in
Federal Financial Statements ”
REG06: Wednesday December 6, :00 – 2:30 Location: Grand Ballroom A Philadelphia, PA

2. My involvement in XBRL
Strayer University, Academic Member XBRL.ORG Adjunct Professor Governmental Accounting & AIS
Leader Governmental XBRL CoP
Involved XBRL US Inc.- Public Sector WG
US Treasury, DCFO, Financial Systems Integration Office (Treasury Departmental, not GWA)

3. Google – Governmental XBRL CoP

4. My Public Sector Focus XBRL in Federal Financial Statements
Financial Statements, Financial Transactions, Financial Rules
The encompasses two area in XBRL
FR Financial Reporting
Statements, footnotes, MDA, FR repository, rules
GL Global Ledger
Transactions, trial balance, core financial system, rules

5. My Sessions here at Convention
Internal Reporting GL – Global Ledger
Wednesday 11:00 – 11:45
Regulatory Reporting FR – Financial Reporting
Wednesday 2:00 – 2:30

6. 3nd - U.S. Government Agency - Financial Statements - TAGGED with XBRL

7. 2nd - U.S. Government Agency - Financial Statements - TAGGED with XBRL

11. The 1st - Government Agency Financial Statements to be TAGGED in XBRL
the US Department of Treasury,
completed by Strayer University AIS students

12. The same statement in excel

14. XBRL-FR Taxonomy based on USSGL, FASAB, OMB A-136

15. VALIDATED 0 ERRORS, 0 WARNINGS

17. USSGL Financials Accountants report A-136 MD&A Bureau Extension
Taxonomy
USSGL
Financials
A-136 Footnotes

18. Sources of Information for Federal Financial Statements (as is now)
Treasury USSGL
FASAB Standards
Audit Report & Guidance
OMB A-136
UNDER THE CURRENT FEDERAL SYSTEM
24/25 CFO ACT AGENCIES
The 1990 CFO ACT ESTABLISHED THE CFO COUNCIL AND FASAB
FINANCIAL ACCOUNTING STANDARDS ADVISORY BOARD
(NOT fasb)
In October 1999 AICPA’s designated FASAB as the body that
the role of FASAB--promulgates GAAP for federal entities in the United States.
The role of Treasury FMS—prepares the consolidated audited financial statements of the U.S. Government
The role of OMB, Circular A-136 provides the form and content for financial statements
The Role of GAO is the auditor of the US government
A little more about the 25 agencies
Government Agencies
USDA
DOC
DOD ED
DOE
HHS
DHS
HUD
DOI
DOJ
DOL
DOS
DOT
TREAS VA
USAID
EPA
GSA
NASA
NSF
NRC
OPM
SBA
SSA

22. Interactive Financials
Sources of Information for Federal Financial Statements (will be with XBRL)
Treasury USSGL
FASAB Standards
Audit Report & Guidance
OMB A-136
Dictionary
Rules
Interactive Financials
Government Agencies
USDA
DOC
DOD ED
DOE
HHS
DHS
DOI
DOJ
DOL
DOS
DOT
TREAS VA
USAID
EPA
GSA
NASA
NSF
NRC
OPM
SBA
SSA
HUD

24. The 3 areas that make the business case for XBRL in Federal Financials
Dictionary
Rules
Interactive Financials

25. What do we mean by Interactive Data, using XBRL in Federal Financials
Interactive Financials
FACTS I
USSGL
Trial Balance with Attributes
6 Financial Statements
Disclosure & Footnotes
Required Supplemental
Taxonomy Complete
Taxonomy In Design
Taxonomy Complete
Next

26. The Foundation of Interactive Data, is Structured Data, agreed to in a dictionary
Traditional accounting uses debit & credits, journals &ledgers, trial balances & spreadsheet to structure data elements (positional)
Modern accounting will use Tagging (virtual positioning) to structure data elements and create interactive elements.
Open Source not Proprietary
Interactive because we can now unlock the positional data that was previously locked in proprietary accounting software

27. Dictionary
What is a Dictionary?, In the world of US Federal Financial Statements?
Similar to the ongoing work of the SEC, FAF & XBRL US Inc. is all about defining the dictionaries for specific industries (C&I, Oil&Gas, Construction, etc)
Our dictionary in Federal Financial Management come from the USSGL, FASAB (US GAAP), OMB A-136.
Dictionary = Agreement
Dictionary = Defines data elements
Dictionary = Taxonomy

28. The USSGL Structure provides the Framework for Federal Financial Reporting
Standard Chart of Accounts
Standard Transactions
Crosswalks to External Reports
Crosswalks to GFRS

29. USSGL - Standard Chart of Accounts
Foundation for balance rules
Foundation for CAO rules
Foundation for FASAB rules, and reference

30. USSGL – FACTS I Attributes
Foundation for XBRL Dimensions
USSGL – FACTS I Attributes
Foundation for Revenue Recognition rules
Foundation for Intra-Governmental Transaction rules

31. USSGL – defines Standard Transactions
Foundation for verification of Transaction rules

32. USSGL – Specific Transactions codes & description are defined …
USSGL – Specific Transactions codes & description are defined …..the structure already exists

33. USSGL – the standard transactions prescribes the appropriate journal entry
Foundation for verification of Budgetary Transaction rules
Foundation for verification of Proprietary Transaction rules

34. The USSGL Chart of Accounts and Standard Transaction provide the basic foundation, but the FMS crosswalks to the financial Statements, provide an even more intricate support

35. Crosswalk to Financial Statements

36. USSGL – the Balance Sheet unfolding

37. Federal Assets – breakout by Intra-Governmental & Assets with Public

38. The entire Assets Section of the Balance Sheet

48. Let’s go to the Pallete Setup concept FY2006 Setup concept FY2005
Setup Units

51. References used in this presentation
CFO Agency Par Reports

53. xBReeze Portal OpenSource-Sample-Govt-Reports