Presentation is loading. Please wait.

Presentation is loading. Please wait.

E-filing at Statistics Canada 11 th XBRL International Conference April 26-29, 2005.

Similar presentations


Presentation on theme: "E-filing at Statistics Canada 11 th XBRL International Conference April 26-29, 2005."— Presentation transcript:

1 E-filing at Statistics Canada 11 th XBRL International Conference April 26-29, 2005

2 Statistics Canada mandate  Collect, compile, analyse and publish statistics on Canadian society and economy  Traditionnally through questionnaires, telephone interviews  Some EDI with public institutions  More demand/interest in on-line reporting by businesses and households

3 Business reporting  In business reporting supply chain, STC is Financial publisher and data aggregator  Why collect business financials?  Publish on performance of Canadian businesses  Publish on investement and capital stock  Compile and publish national accounts

4 Big picture for business financials at STC XBRL-based EDR for large firms GIFI-based EDR for small firms COA SNA Explicit conversion rules

5 Pre-pilot  Pre-pilot conducted with consortium member  Succesfully produced, transmitted, consumed XBRL instance document  Difficult to establish cost-benefit for small to medium companies  Respondents not currently ready to routinely produce XBRL instance documents

6 Adoption Pilot Projects  Objective: Experiment and evaluate various e- reporting business processes  Criteria:  Single window reporting  Reduced response burden  Same or better quality information  Reduced processing costs

7 Options  Push or pull approaches  Push: Equivalent to sending out and filling questionnaire  Pull: Process where STC reaches into the company’s systems to “pull out” financial data  Taxonomy  STC extension  Canadian GAAP

8 Options (cont’d)  Mapping from company systems:  From company GL  From company PFS  They map and store  We map and store

9 Next steps  Recruit participants  Profile accounting structure  Enterprise level  Profit centre/cost centre levels  Map company accounts  Enable single window reporting  Promote single window e-filing for all large respondents


Download ppt "E-filing at Statistics Canada 11 th XBRL International Conference April 26-29, 2005."

Similar presentations


Ads by Google