1. XBRL in Use: Tools, Technologies and Solutions
Walter Hamscher
Chair, International Steering Committee
Consultant to PricewaterhouseCoopers
30 min.

2. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today

3. The business reporting supply-chain
Operations
Internal
Financial
Reporting
External
Financial
Reporting
Investment,
Lending, and
Regulation
Processes
XBRL
XBRL
XBRL
Companies
Financial
Publishers
and Data
Aggregators
Investors
Participants
Trading
Partners
Management
Accountants
Auditors
Regulators
Software Vendors

4. Reporting challenges
Timeliness and quality of source data and estimates
Inconsistent terminology
Changing collection requirements
Implementation cost & resistance to change
Variant of Pareto’s postulate:
80% of effort in reporting goes into dealing with the 20% of the data that is not already well-structured and organized in a stable, widely used format

5. Solutions offered by a standard language
Timeliness and quality of source data and estimates
Inconsistent terminology
Changing collection requirements
Implementation cost & resistance to change
Minimize data re-keying and copy-and-paste using a universal format
Single definitions shared by all software applications
Software able to use new and changing data definitions immediately
Open, royalty free, independent standard and consortium

6. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today

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What we need are:
FIRST, Common Definitions – that is what a taxonomy is.
Mainly, investors, regulators and standard setters provide it.
SECOND, Electronic Documents – that is what an XBRL instance document is.
Mainly, companies produce it.
THIRD, Ability to Extend the Definitions – XBRL provides that in a way that other technology standards do not.

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For a CIO – what is the cost of not tightening up corporate disclosure:
Sarbanes-Oxley says: Go to jail – go directly to jail.
When will it be universal?
Peroratorio –
So, if you’re wondering what to do next, how to think about XBRL,
You might think that the next step is
Go talk to your accounting firm
Go talk to your investment manager
Go talk to your investment information supplier
Go talk to your government
Or join the XBRL consortium
And I wouldn’t want to discourage you from that, but
The FIRST step is to ask yourself a question:
What does investment information in its current form cost me today – directly – indirectly
What does it cost me to provide the market with information in a clumsy form
Is it free, are you getting what you paid for, and is it satisfactory
And envision what you could do if the information you want
Arrived on your desktop in the way that you asked for it
In a way that can be integrated and compared with information from any other source.
I believe that once you look at that, you will know exactly what to do.

11. How does XBRL differ from XML?
XBRL adds to XML:
Multi dimensional financial data representations
Financial reporting vocabularies (taxonomies)
Aliases and other definition relationships
Mathematical relationships between concepts
Flexibility about how to present items to users
Structure for authoritative policies and guidance
Reporting apps need these even when using XML
Definitions
AKA Liquid Assets
References
GAAP I.2.(a)
CoA 1100
Presentation
Cash & Cash Equivalents
XBRL
Item
“200”
Calculations
Cash = Currency + Deposits
Formulas Cash ≥ 0
Notes:
Contexts
US $
FY2003
Budgeted

12. New Results from Collaboration by XBRL International Members
XBRL 2.1 Candidate Recommendation 2
XBRL Financial Reporting Taxonomy Architecture 1.0 Public Working Draft
XBRL GL 1.1 Public Working Draft
US GAAP Taxonomy Framework Update
Coming in a matter of days
Vendor Compliant Development Tools
XBRL 2.1-Compliant IFRS Taxonomy
XBRL 2.1 Primer

13. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today

14. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today
Business
Operations
Internal
Financial
Reporting
External
Financial
Reporting
Investment,
Lending, and
Regulation

15. What XML Offers Form Co. Specific Supp Info Forms Data Submits
Receives
Division Level
Extract
Merge
Group Level
Department Level
Participants
Processes
Maintain
Definitions
Collect
Distributes
Division
Detail
Send
Requests
Prepare
Report
Query
Find
Sources
Co.
Specific

16. Regulators, Partners, Outsourcers
What XBRL Offers .
Regulators, Partners, Outsourcers
Analyze
Net
Data
Department Level
Division Level
Group Level
Participants
Form
Merge
Form
Submits
Submits
Send
Collect
Data
Data
Data
Receives
Data
Division
Detail
Prepare
Extract
Find
Maintain
Report
Requests
Sources
Definitions
Supp Info
Query
Receives
Distributes
Forms
Forms
Forms
Processes
Co.
Co.
Distributes .
Specific
Specific
Definitions
Definitions
Std.
Std.
Net
Data
Data
Vocabulary
Vocabulary

17. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today
Business
Operations
Internal
Financial
Reporting
External
Financial
Reporting
Investment,
Lending, and
Regulation

20. Well, paper financial statements are pretty much like that.
There’s an awful lot of detail there

21. Consolidated Profit and Loss Account for the year ended June 30, 2003
Blah
blah
Blah blah
Blah blah blah
Profit
925
448
Earnings per share
3.6
11.0
But if there isn’t agreement on what each of those details mean, naturally this is what you’ll get.

22. An XBRL reporting system will disseminate relevant information in a flexible, usable format to markets on an almost real-time basis. * * * Too much damage has occurred to the U.S. economy and the capital markets because of the lack of timely and transparent financial information. I have confidence that XBRL will eliminate those deficiencies.
The Hon. Richard H. Baker
Chairman, House Capital Markets Subcommittee

23. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today
Business
Operations
Internal
Financial
Reporting
External
Financial
Reporting
Investment,
Lending, and
Regulation

24. Credit risk assessment process improvements
Average time to update financial information—11 days
<10%
90% + time spent on “spreading” and other mechanics
Value-added Analysis and Decision-making?
Mechanics
With XBRL?
More Time for Analysis => Better Analysis => Less Risk Or
Mechanics
Analysis
Mechanics
Analysis
Mechanics
Analysis
Mechanics
Analysis
Process more loans in the same amount of time

25. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today
Business
Operations
Internal
Financial
Reporting
External
Financial
Reporting
Investment,
Lending, and
Regulation

26. XBRL in Regulatory Reporting
Shared Data
Deposit Insurance
--- Statistics ---
-- Comptroller --
Software
Can be any vendor product, or provided by regulator
Software
Vendors
with interoperable tools
Schedule/Form
XBRL Taxonomy
Item Types
Labels, Definitions, etc.
Instructions
XBRL Rule Base
XBRL Versioning
Validations, Quality tests
Value-added Calculations
Taxonomy changes
Data conversion rules
XBRL
Taxonomy Software
Create
Update
Debug
Reporting Institution Software
Import Schedule
Enter Data
Validate Data
Send Data
Result:
Adaptability
Efficiency
Faster cycle times
Meta Data
Quarterly Report
XBRL Document
Performance Data
Reporting Institution Regulator

27. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today

28. Representative XBRL-enabled financial software products
Shipping
SAP mySAP financials
Microsoft Business Solutions
Oracle FSG
Creative Solutions (et al.)
Announced
Microsoft Office 2003 Add-in
Hyperion Financials
PeopleSoft Enterprise Fin. Mgt.
Custom
CaseWare Financials
Hitachi GEMPlanet

29. XBRL Software Survey 3Q 2003 Findings
2/3 of the 21 accounting software vendors surveyed are committed to XBRL products
Early adopter vendors are those with larger customers
Export before import
Understanding correlates with the decision to XBRL-enable
Accounting software vendors are anticipating customer demand and have either XBRL enabled, or have decided to enable, one or more products.
Accounting software vendors oriented towards large enterprise companies are further along with XBRL.
Focus is on outputting in XBRL, not being able to import XBRL.
Of the 7 vendors that have not yet decided to XBRL enable, only two say they have a good understanding of XBRL

30. Live applications APRA (2001) EDGAR Online (2001)
DATEV/Bundesbank (3Q 2002)
Wacoal (4Q 2002) – Internal Reporting
OneSource (1Q 2003)
Tokyo Stock Exchange (1Q 2003)
Sumitomo Mitsui Banking Corp. (1Q 2003)
Danish Commerce & Companies (2Q 2003)
Dutch Water Authority (3Q 2003) – Internal Reporting
UK Inland Revenue (4Q 2003)
KOSDAQ – Korea (4Q 2003)
National Tax Agency of Japan (1Q 2004)
US FDIC (3Q 2004)
Australian Tax Office (4Q 2004)
Morgan Stanley, Reuters, Microsoft Financial Statements
NASDAQ-MSFT-PricewaterhouseCoopers Pilot

31. XBRL Today Business reporting supply-chain inefficiency
XBRL for supply-chain collaboration
XBRL-enabled tools & technologies
Internal reporting and compliance
Reporting to capital markets
Credit assessment
Regulatory reporting
Worldwide vendor and user momentum
What you will learn today

32. What you will learn today
What advantages does XBRL offer your own business information supply chains?
Assurance
Equity markets
Regulatory environments
How will XBRL impact you tomorrow?
Evolution of XBRL and the Internet
Enhanced business reporting and XBRL
How can you gain the benefits of XBRL?
Software shoot-out
Walking tours of vendor exhibits

33. XBRL is brought to you today by…

34. XBRL in Use: Tools, Technologies and Solutions
Walter Hamscher
Chair, International Steering Committee
Consultant to PricewaterhouseCoopers
30 min.