1. Title of presentation
X-DIS/XBRL Project European Statistical Taxonomy Pedro Jiménez – Eurostat Contractor Software AG
11/21/2018

2. X-DIS/XBRL Project Definition – Task list - Index
Task Name
Task Description
Task 1
Mapping of existing taxonomies
First of all an inventory of all relevant taxonomies at the time of the start of this pilot will have to be established.
A detailed line by line mapping exercise should be performed between the requirements in the relevant statistical legislation and these taxonomies. This will help determine whether the statistical requirements are not already available in the existing taxonomies.
Task 2
Monitoring XBRL developments
Other than the detailed analysis of the taxonomies, developments in existing XBRL projects in statistical and accounting domains should be monitored very closely. This will avoid duplicating efforts. Throughout the duration of the project, Eurostat should be kept informed of these developments and the possibilities for synergy with the pilot project should be outlined.
Task 3
Creation of a statistical taxonomy
Based on the outcome of task 3.1., it should be determined whether or not the creation of a statistical taxonomy is useful and desirable. It should also be established if a comprehensive taxonomy (encompassing all European statistical reporting requirements) should be created rather than taxonomies per statistical field (SBS, STS, BOP etc.). Member States could afterwards extend these taxonomies in order to integrate their own additional reporting requirements.
Task 4
Test phase
As suggested in the feasibility study, the taxonomies should be tested in a live environment with the cooperation of 2 or 3 NSIs. Each participating NSI would have to involve a sufficiently large number of enterprises in order to estimate the total population for which the taxonomies could be acceptable and subsequently used. A broad variety of enterprises should be covered (SMEs and listed companies, enterprises in different business lines, companies who are part of a group or consortium and individual businesses). In this phase it should also be investigated how XBRL reporting of microdata from enterprises to NSI can be brought in line with the subsequent SDMX reporting of aggregated data from NSI to Eurostat.
Task 5
Acceptance
If the test phase proves successful, it has to be established if XBRL can be proposed to the NSIs as a tool for their data collection from enterprises and whether the latter would be inclined to adopt it. Aspects of respondent burden, initial investment, and media to be used for data exchange and running costs will have to be investigated.
Task 6
The use of XBRL in surveys by the NSIs
A further issue to investigate is the use of XBRL in surveys. Is it realizable for enterprises to no longer send their information to the NSI, posting data instead on their websites? The data would be ‘picked up’ by the NSI via a web search engine with an XBRL-tag as search criterion.

3. Task 1. Mapping Procedure
(2)
NSI
(1)
Statistical frameworks
ENTERPRISES
SBS
STS
PRODCOM
LFS …
SCOPE
DEFINITION
MODELIZATION
MAKE INVENTORIES
OF SBS CHARACTER-ISTICS
PARAMETRIZATION
DETERMINE VALUES TO COLLECT TO MAKE SBS CHARACTERISTICS
MAP VALUES TO ACCOUNTING CONCEPS
FIND
DATA MODEL
common
industry
services
trade
credit entities
insurance
pension funds
REGULATIONS
FIND OUT
RELATED
TAXONOMIES /
ACCOUNTING PRINCIPLES
IFRS
(sets of characteristics)

4. Task 3. Taxonomy X-DIS/XBRL
IFRS scenario
For IFRS scenarios (as a proof of concept and base for a future XBRL Statistical Taxonomy)
IFRS-GP 2005
Char.
Label
xdis-eu-sbs-ci-characteristics xsd
Char.
Ref.
Var.
Label
xdis-eu-sbs-ci-variables xsd
Var.
Pres.

5. IFRS Based taxonomies – Future Scenario
Perspectives
Adoption for EU Member States
Adapt to Member States Business Accounting Frameworks
By Software Developers
By Groups of Interest
Strong opposition to these changes will be possible
Long term scenario to adopt and Implement IFRS based Accounting by Member States 2010 and beyond
What could we do?
IASB are preparing an IFRS for Small and Medium Enterprises ongoing work
Could be obtained from the IASB Site
Monitoring the evolution.
A good opportunity to the IFRS adoption in SME

6. IFRS
The current IFRS Taxonomy is based in Accountancy terms and needs of reporting of large companies (listed companies).
IFRS for SME could help to create a Taxonomy based on the needs an capabilities of the SME.
In Statistics terms, the universe of enterprises surveyed are related with the economic structure of the countries.
The listed companies cover a big percentage of the Gross Domestic Product, this is true depending on each country.
The labor force and the number of enterprises is not directly related with the previous idea, so SME represents a huge amount of the statistical samples.
Issue
Would be a good idea develop an Taxonomy adaptation of the IFRS by SME?

7. How to work with Statistical European Taxonomy?
IFRS scenario for Member States
For National Statistical Taxonomies based on European Statistical Taxonomy will be necessary to extend, in XBRL sense, the taxonomy offered by Eurostat, including the new elements and linkbases.
IFRS-GP 2005
Char.
Label
xdis-eu-sbs-ci-characteristics xsd
Char.
Ref.
Var.
Label
xdis-eu-sbs-ci-variables xsd
National GCD
Var.
Pres.
Var.
Pres.
xdis-MS-sbs-ci-variables xsd
Var.
Calcul
Var.
Label

8. Analysis on IFRS scenario
According to project questions, 3 possibilities on IFRS scenario:
Number of taxonomies EU
Level
Taxonomies 1 n no
¿case 1?
yes
¿case 2?
¿case 3?
But there is a lot of freedom and unknown objectives that required definition to narrow down the problem…
General Purpose FR
European
Statistics Regulation
National FR
National Statistics Extension
FR tax
Statistics
taxonomy
National
tax
National Statistics taxonomy
EU Regulations
XBRL taxonomies
Analysis for what are the objectives, minimize degrees of freedom…

9. How to reduce Enterprise Burden based on IFRS
Regulators are forcing to listed companies to use IFRS as a mechanism of transparency and comparison between Enterprises of different countries, CESR .
A Statistical taxonomy based on SME’s IFRS could offer advantages
Obtaining Scale economies for those that are reactive front these changes
Software vendors
Big ERP providers
Sharing cost and maintenance efforts for NSI’s
Including other Statistical Frameworks
European Statistical Taxonomy could have the same function of IFRS-GP taxonomy?

10. Analysis on IFRS scenario
accounting
POLITICAL /
ACCOUNTING
ISSUES
¿ Meta-accounting ?
Mutual dependences
TECHNICAL
FREEDOM
ARCHITECTURE
CONSTRAINTS
Metadata
(XBRL)
Data

11. Analysis on IFRS scenario
Evolution
Standardization
ENTERPRISE A
ENTERPRISE B
TECHNICAL
FREEDOM
ARCHITECTURE
CONSTRAINTS
POLITICAL /
ISSUES
Mutual dependences
accounting
accounting
¿ Meta-accounting ?
PROCESS
INTEGRATION
¿ Meta-accounting ?
We are here
Metadata
(XBRL)
Metadata
(XBRL)
DATA EXCHANGE
Today’s software
(tech. level)
Data
Data

12. Snapshot on Possibilities
GAAP
IFRS
European Taxonomy (s)
European Taxonomy (s)
yes no
yes no
REENGINEERING
AND PROCESS
MODIFICATION
NON
INTRUSIVE
APPROACH
REENGINEERING
AND PROCESS
MODIFICATION
RAISE XBRL
AWARENESS
Common Methodology
¿Unique Taxonomy? no
yes
AD HOC
TAXONOMIES
UNIQUE
TAXONOMY ? ? ?
DIFFICULT
ACCEPTANCE
ENJOYING
TECHNICAL
BENEFITS
¿WILLINGNESS
TO EXTEND?
BROAD
ANALISIS
REQUIRED
ENJOYING
TECHNICAL
BENEFITS

13. Questions?
Could the adoption of IFRS for SME and its transformation in a SME European Statistical Taxonomy reduce the burden for enterprises on Statistics?
Monitoring
Would be a good idea develop an Taxonomy adaptation of the IFRS by SME?
It is an opportunity the IFRS adoption and XBRL to improve the process for data collection?