1. Pushing the Boundaries
Josef Macdonald
IASC Foundation XBRL Practice Fellow
Timo Philipp
IASC Foundation XBRL Team
Konstantin Pussep
Fraunhofer IPSI
Development of a Research Network for XBRL and IFRS

2. Agenda Introduction Objectives Current Status Future Projects
Introducing speakers:
Josef Macdonald (IASC Foundation)
Timo Philipp (IASC Foundation)
Thomas Klement (Fraunhofer Institute – Germany)

3. Introduction
The Network evolved out of a need to apply a more scientific approach to the research and development of XBRL taxonomies and to build tools which support their use
Networks are common methods of cooperation between academic institutions, and commercial business entities
The IASC Foundation XBRL Team in cooperation with the Fraunhofer IPSI are setting up a network to support the development of XBRL and IFRS

4. Potential Participants
Universities
Fraunhofer IPSI
(Germany)
IASC
Foundation
Do we want ABZ Informatik (Thomas Klement’s company) in the network?
Software Vendors

5. Founding Members
Taxonomy Developer
Research Entity

6. Agenda Introduction Objectives Current Status Future Projects
Introducing speakers:
Josef Macdonald (IASC Foundation)
Timo Philipp (IASC Foundation)
Thomas Klement (Fraunhofer Institute – Germany)

7. Objectives Advance high quality research in the area of XBRL and IFRS
Enable academics and research environments to be involved with XBRL and IFRS development
Share innovative ideas and knowledge with members and with the XBRL International consortium
Cooperate on prototype projects

8. Why Build a Network?
Enable a more scientific approach to the development of taxonomies
Enhance the quality of the IFRS Taxonomy
Test theories in a domain with wide practical application (IFRS)
Bring the “practical” commercial and “theoretical” research entities closer together
Share human resources – internship programs, creating new opportunities for advancement and development of high quality candidates
Solve funding issues

9. Benefits of a Network Shared resources
personnel
hardware
knowledge
technologies
experiences
Enhanced communication between participants
Fosters a team approach to technology problem solving and decision-making
Synergies from multiple entities with multiple perspectives
Exchange of good students which are familiar to the work with xbrl.
For some members it is better to provide hardware, for others it is better to pay wages
Handle fast growing software market and transfer knowledge how to use software
Exchange of experience
Get the right contacts – no need to be shy because all work together
Get specialists from IT and Accounting side together

10. Agenda Introduction Objectives Current Status Future Projects
Introducing speakers:
Josef Macdonald (IASC Foundation)
Timo Philipp (IASC Foundation)
Thomas Klement (Fraunhofer Institute – Germany)

11. Current status
Identifying and inviting high quality universities and research entities to join the network
Defining a charter, process and strategy: including structure, projects and timetables
Creating a communication platform (for regular meetings, conference calls, etc.)

12. Appointment of First Team Member
Timo Philipp:
Project Manager
Coordinator of first joint project relating to IFRS-GP taxonomy versioning

13. Projects Versioning IFRS taxonomies Creating an IFRS repository
Improving ERP reporting

14. Agenda Introduction Objectives Current Status Future Projects
Introducing speakers:
Josef Macdonald (IASC Foundation)
Timo Philipp (IASC Foundation)
Thomas Klement (Fraunhofer Institute – Germany)

15. Future Plans Expanding the network of invited members
Identifying and initiating new joint projects

16. In Summary Network aims to: Create a high quality global network
Bring IT and accountancy professionals together
Promote the use of XBRL and IFRS
Create greater acceptance of XBRL and IFRS working together because of approved design models by universities and research entities
Provide enhanced resource capabilities and knowledge exchange between members

17. Questions?

18. A presentation by the IASC Foundation XBRL Team & Fraunhofer IPSI