1. Overview of the XBRL-US Financial Reporting Taxonomy Framework
Jeffrey Naumann, AICPA, Senior Technical Manager

2. Objectives
The US Financial Reporting Taxonomy Framework is a collection of XBRL taxonomies that can be used to express the financial information for both public and private companies across all industry sectors.
Different components of the framework can be used for different reporting purposes
New components will be added over time to cover more diverse reporting needs.

3. Understanding Taxonomy Structure
The US Financial Reporting Taxonomy Framework is a collection of XBRL taxonomies that can be used to express the financial statement based reports of both public and private companies across all industry sectors.
Data Components
Taxonomy Components
Schema
Income Statement
Notes to the Financial Statements
Balance Sheet
Reference Linkbase
Label Linkbase
Managements Discussion & Analysis
Statement of Cash Flow
Presentation Linkbase
Definition Linkbase
Calculation Linkbase
Other Non-GAAP Components
Statement of Equity

4. Commercial & Industrial Financial Services Terms
Industry Dimensions
Commercial & Industrial
Banking & Savings
Insurance
Primary Terms
Financial Services Terms

5. Modularity Goals
In developing the framework, the following goals were used to determine how to modularize the taxonomies:
Minimize duplicate elements for a single concept between taxonomy components
Ease maintenance of the taxonomies
Ease company extension and instance creation

6. US Financial Reporting Taxonomy Framework
Primary Terms (usfr-pt)
Financial Services Terms (usfr-fst)
Management Report (usfr-mr)
Global Common Document (int-gcd)
Accountants Report (usfr-ar)
SEC Certification (usfr-sec-cert)
MD&A
(usfr-mda)
Commercial & Industrial
(us-gaap-ci)
Banking and Savings Institutions
(us-gaap-basi)
Oil & Gas
(us-gaap-og)
Coming Soon
Insurance
(us-gaap-ins)
Investment Management
(us-gaap-im)
Broker Dealers
(us-gaap-bd)
Company Extension
Instance Document

7. Stand Alone Add-ons
Primary Terms (usfr-pt)
Financial Services Terms (usfr-fst)
Management Report (usfr-mr)
Global Common Document (int-gcd)
Accountants Report (usfr-ar)
SEC Certification (usfr-sec-cert)
MD&A
(usfr-mda)
Commercial & Industrial
(us-gaap-ci)
Banking and Savings Institutions
(us-gaap-basi)
Oil & Gas
(us-gaap-og)
Coming Soon
Insurance
(us-gaap-ins)
Investment Management
(us-gaap-im)
Broker Dealers
(us-gaap-bd)
Self-contained taxonomies that may be used by creators of XBRL Reports.
Are not referenced or imported by the GAAP Industry Extension Taxonomies
May be updated, superseded or replaced by other external components independent of changes to the Industry Extension Taxonomies
Can be imported into company extension taxonomies or used directly in instance documents
Company Extension
Instance Document

8. Common Terms
Primary Terms (usfr-pt)
Financial Services Terms (usfr-fst)
Management Report (usfr-mr)
Global Common Document (int-gcd)
Accountants Report (usfr-ar)
SEC Certification (usfr-sec-cert)
MD&A
(usfr-mda)
Commercial & Industrial
(us-gaap-ci)
Banking and Savings Institutions
(us-gaap-basi)
Oil & Gas
(us-gaap-og)
Coming Soon
Insurance
(us-gaap-ins)
Investment Management
(us-gaap-im)
Broker Dealers
(us-gaap-bd)
Foundational building blocks for the Industry Extension Taxonomies
Include elements for accounting concepts that are common to multiple industries
Also includes relationships (presentation & calculation) where the relationships are consistent for all industries
Company Extension
Instance Document

9. Industry Extension Taxonomies
Primary Terms (usfr-pt)
Financial Services Terms (usfr-fst)
Management Report (usfr-mr)
Global Common Document (int-gcd)
Accountants Report (usfr-ar)
SEC Certification (usfr-sec-cert)
MD&A
(usfr-mda)
Commercial & Industrial
(us-gaap-ci)
Banking and Savings Institutions
(us-gaap-basi)
Oil & Gas
(us-gaap-og)
Coming Soon
Insurance
(us-gaap-ins)
Investment Management
(us-gaap-im)
Broker Dealers
(us-gaap-bd)
Built on top of the concepts defined in the common terms layer
Adds relationships between these concepts using the presentation and calculation linkbases
Includes elements for accounting concepts specific ONLY to a single Industry Taxonomy
The primary taxonomy that users creating company extensions or instance documents will deal with
Company Extension
Instance Document

10. Extensibility
Primary Terms (usfr-pt)
Financial Services Terms (usfr-fst)
Management Report (usfr-mr)
Global Common Document (int-gcd)
Accountants Report (usfr-ar)
SEC Certification (usfr-sec-cert)
MD&A
(usfr-mda)
Commercial & Industrial
(us-gaap-ci)
Banking and Savings Institutions
(us-gaap-basi)
Oil & Gas
(us-gaap-og)
Coming Soon
Insurance
(us-gaap-ins)
Investment Management
(us-gaap-im)
Broker Dealers
(us-gaap-bd)
Companies using the framework may extend taxonomies to reflect specific reporting practices
Should always use standard taxonomy terms where they are available
May use terms from one or more industry extensions
Company Extension
Instance Document

11. For more information http://www.xbrl.org/us/usfrtf
Framework documentation
Individual taxonomy documentation

12. Taxonomy Development Process & Status of the XBRL-US Financial Reporting Taxonomy Framework
Campbell Pryde - KPMG

13. Goals for 2004
Develop and release a broad range of industry extension taxonomies
Validate the completeness and coverage provided by existing taxonomies

14. Public Working Draft - Available Now: Internal Working Draft:
Taxonomy Inventory
Taxonomy development plans are focused on industry extensions that will cover the highest percentage of potential adopters
Public Working Draft - Available Now:
Commercial & Industrial
Banking and Savings Institutions
Insurance (Property & Liability and Life & Health)
Internal Working Draft:
Investment Companies
In Process :
Broker Dealer
Oil & Gas
Next Year :
Health Care
Airlines
Construction Contractors

15. Internal Working Draft
Key Release Dates
Internal Working Draft
Public Working Draft
Final
Commercial & Industrial
Banking and Savings Institutions
Insurance (P&C and Life & Health)
Complete
September
December
Investment Companies
September
November
January
2005
Broker Dealer
Oil & Gas
December
February
2005
April
2005
Health Care
Airlines
Construction Contractors
March
2005
May
2005
July
2005

17. Collaborative Development Process
XBRL-US Members
Accounting Knowledge
Technical Knowledge
FASB Pronouncements
Project Management
Financial Statement Checklists
XBRL Specification 2.1
XML Schema
Authoritative Literature
Software Development
EDGAR Filings
Linkbases
Industry Guides
Taxonomy Validation
Data Modeling
Accounting Trends & Techniques

18. Taxonomy Best Practices
Financial Reporting Taxonomy Architecture (FRTA)
Sets out a recommended design architecture and establishes rules and conventions which help make taxonomies more usable and efficient. 
Liaison Efforts
Knowledge sharing with other jurisdictions building large financial reporting taxonomies
Regular meetings and continuous dialogue with IASB taxonomy development team

19. Taxonomy Review Moderate Use in 2002 & 2003
Individual Company Efforts:
Morgan Stanley, Microsoft, Edgar On-line, …
Joint Market Demonstration Projects:
NASDAQ Demonstration
XBRL For Earnings Releases
Bank Borrower/Lender Reporting
AICPA XBRL Implementation Task Force
Significant Activities in 2004
Review of EDGAR filed Documents
Wider Industry Involvement
Moving Towards Online Review Tools and Feedback

20. Due Process
XBRL-US Developed Taxonomies adhere to robust due process to ensure quality and wide supply chain agreement
30 day Internal Review Period where taxonomies are open to comment by XBRL members
60 day Public Review Period where taxonomies are publicly available for comment
Feedback is assessed by XBRL-US for inclusion in the taxonomies
Taxonomy release requires approval of XBRL-US Domain Working Group and XBRL-US Steering Committee

21. XBRL International Process
XBRL International has developed processes to ensure technical quality & consistency
The consortium is moving into a new, more formal phase.
We are trying to ensure that taxonomies are built to defined levels of XBRL technical excellence.
But we are moving to a two tier level of recognition of the way that concepts are encapsulated.
Acknowledgement means that the taxonomy has been reviewed and is legal XBRL.
Approval means that the taxonomy has been reviewed and meets defined levels of technical best practice.