1. Advanced Accounting Information Systems Day 38 Current State of XBRL November 30, 2009

2. Announcements –Deb Noll –Graduate student papers –Final exam Wed Dec 16 from 9:45 to 11:45 –XBRL assignment 3 due today –XBRL assignment 4 due next Monday –Presentation on Wednesday by Webfilings

3. Objectives Obtain an understanding of –The current state of XBRL in financial and business operations reporting around the world –Tools available for instance document creation and validation –Future role of XBRL and related emerging technologies.

5. Current Tools – Create Instance Documents Spreadsheet based –Dragon Tag Stand alone –Fujitsu Xwand Third party agents –EDGAR Online –Business Wire –Merrill Corp

6. XBRL Document Viewers Dragon View Imetrix EDGARizerX

7. XBRL Financial Reporting Emerging technology Several companies are attempting to enter this market Incentives to create XBRL document creation software

8. Taxonomy Status Acknowledged –One that has been tested for compliance with the SBRL 2.1 Specification Approved –Taxonomy has been through an open review process after reaching ‘Acknowledged’ status and has been used to create a number of instance documents to confirm that it adequately covers the data it purports to represent

9. XBRL Around the World FDIC –Third quarter 2005 SEC –Electronic filing since 1996 – EDGAR PCAOB –Two audit objectives Does XBRL data agree with official EDGAR filings Do XBRL documents conform with applicable XBRL taxonomies and specifications?

10. XBRL Around the World International Agencies –Canada – May 2007 SEDAR –Europe UK German Stock Exchange Netherlands –Asia Japan Koran Thailand –Australia and New Zealand Australian Stock Exchange

11. XBRL Services and Tools Taxonomy creation software –Edgar Online –Automated Filing Services –Merril –Business Wire – corefiling –Clarity FSR –Dragon Tag –EDGAR Filines eDGARizer X –Interstage Xwand –UB Matrix

12. Taxonomy Creation Software Need to specify company Time period Numeric unit used (i.e. US Dollars, yen, etc)

13. Taxonomy Creation Software

19. The Future State of XBRL Software Development Regulatory Requirements XBRL GL Audit Requirements