1. ENHANCING IFRS EXTERNAL REPORTING USING XBRL
Declan:
Good Morning everyone and thank you for attending our presentation.
Presented by:
Denis DUPRIEZ & Stéphanie ROBERT-LEMARRE Capgemini Group Information Systems
Declan JONES
Fujitsu Software Corporation, Ireland

2. Session Overview Why implement XBRL and Why now?
Compliance and regulatory reporting pressures on companies
Why is XBRL important for IFRS ?
What was the XBRL project undertaken?
Proof of Concept project
IFRS/XBRL Project Objectives and phases
How the project was implemented
XBRL Implementation and tools
Issues encountered
Conclusions and next steps

3. Clients of external reporting
Markets
Competitors
Regulators
Governments
Auditors
Stakeholders
Banks
Customers
Suppliers
Investors
Information
Exchange

4. IASCF Commercial Director & Chair of XBRL International, Kurt Ramin
Why XBRL ?
“It is exciting to be involved with a truly global web-based solution for capturing and transferring business reporting information, particularly at a time when financial reporting is subject to such a high degree of public scrutiny and change. I am particularly encouraged by the levels of comparability IFRS and XBRL offer.”
IASCF Commercial Director & Chair of XBRL International, Kurt Ramin

5. Why XBRL is important for IFRS
XBRL and IFRS objectives are mutually compatible in that:
XBRL facilitates the transfer and exchange of financial information
XBRL makes comparability, transparency and benchmarking far more achievable
Using XBRL companies can make their IFRS reports in a more timely fashion

6. A key tool : the IFRS-GP Taxonomy
XBRL tags for IFRS financial data
Typically reported in annual, semi-annual or quarterly financial disclosures
Balance Sheet
Income statement
Statement of Cash Flows
Statement of Changes in Equity
Accounting Policies and Explanatory Disclosures
IASCF initiative with representatives from the “Big 4” accounting firms and XBRL tool vendors
But IFRS taxonomy is not endorsed in any way by the IASB

7. IFRS Taxonomy presents key benefits
Major IFRS needs covered
Automatic benchmark between IFRS companies
Identify the relationships between IFRS elements
Specific “customization” for company needs
“X” (Extensible) BRL taxonomy allows company extension
XBRL reinforces data consistency through validation links for internal business rules, cross-checks…

8. The proof of concept project

9. Objectives of the Project
Experience
Gain real world practical XBRL implementation experience
Build the knowledge to exploit XBRL within the company
Assess Viability and future value
Demonstrate viability of XBRL
Investigate an approach for future implementation
Investigate future uses and opportunities for XBRL
Be at the leading edge
Be ready and able to publish XBRL data to stakeholders
Limited to:
External reporting only

10. How this XBRL experience was achieved
XBRL Implementation Phases
Phase 1 – Buy-in
Phase 2 – Preparation & Tool Selection
Phase 3 – Taxonomy extension
Mapping from CoA to XBRL
Taxonomy Extension
Phase 4 – Create XBRL output
Buy-in
Preparation
Taxonomy Extension
XBRL Outputs

11. Phase 1- Buy-in Key players CFO and Board Communication Department
Auditors
Others

12. Phase 2 - Preparation & Tool Selection
Consolidation tools
Taxonomy tools
XBRL Report (Instance) tools
End user analysis tools

13. Phase 3- Taxonomy extension
The IFRS Taxonomy “Space”

14. Phase 3- Taxonomy extension
Different Approaches to publish in XBRL
Standard: Use the “official” Taxonomy
Extended: Create a company customized referential and map it with official IFRS taxonomy
Specific: Build a new XBRL taxonomy for company accounts and reports to be published “from scratch”

15. Phase 3 – Taxonomy extension
Focus on “Extended” Approach
Selection of published consolidated data
Collection of consolidated data
Mapping with official IFRS-GP Taxonomy
Creation of the extended taxonomy using a taxonomy editor tool

16. Phase 4 : Create instance documents
XBRL Output

17. Instance document XBRL Output Period not appropriate to context
Taxonomy view according to presentation linkbase
Instance creator; view of values according to contexts

18. FOCUS ON FUJITSU TOOLS Right tools for the right person
Different roles have differing requirements
Fujitsu provide XBRL products (Interstage family) and tools aimed at
End Users in the “Taxonomy business” (Defining and Modifying)
End Users of XBRL reports (Reading and Writing)
Software Developers
System Integrators and Solution builders
Interstage XWand comes in Developer, Server and Personal editions

19. Roles and Tools for XBRL
ACTIVITY
TOOL
Report Designer
e.g. Standards body or report owner
Taxonomy Editor with full link base support
Define reporting “concepts” and key inter-relationship. Ensure report meets the needs of users and the business
Report Creator
(Human)
Instance Creator
People enter facts based on the previously defined report definition / design
Report Creator
(Computer)
API
Computers generate facts that adhere to previously defined report definition (taxonomy)
Report Usage
(Human)
Instance Viewer
People read / view report
Report Usage
(Computer)
API (Java or C#)
Computers process reports

20. Taxonomy Editor & Instance Creator
Suitable for end users in the “Taxonomy business” (Defining and Extending)
Suitable for users to do “data entry” i.e. create Report Instances and also for viewing reports.
Intuitive GUI tool
Drag and drop support
WebDav support
Import and Export from Excel/CSV

21. The Fujitsu taxonomy tool
Linkbase views
Schema Elements
Element attributes
Link information
Status/errors

22. Conclusions

23. Assessment of Project Objectives
Experience
Project successful within limits set
Knowledge and confidence to go further achieved.
Viability proven
Full life cycle from tools selection, taxonomy extension, mapping and report creation achieved.
Efficiency of XBRL for IFRS disclosure
Map to XBRL once but exploit many times for different reports
Allow automatic processing of financial data
Future value possibilities
Ready and able to publish XBRL data to external parties.
Data collection process from subsidiaries i.e. “internal financial supply chain”

24. Summary XBRL and IFRS objectives are mutually compatible
During (or soon after) the IFRS project is a good time to implement XBRL
Use of XBRL leads to efficiencies of reporting throughout the organization
The tools available in the market are mature enough to allow you to start your projects today.

25. Thank you.