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“Convergence, Communication and Interactive Data” December 3-6, 2007 Vancouver, British Columbia, Canada
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Dev 02 - Panel: A Critical Review of XBRL Date: Tuesday, December 4 th 2007 Panelists: Tim Bray(Sun), Ray Lam (JustSystems), Mark Goodhand (DecisionSoft), Mark Drake(Oracle), Hugh Wallis (XBRL Intl) Moderator: Taylor Hawes (Microsoft)
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Statement: Today’s financial statements are intended to be read in their entity. Example: Company updated their employee benefits liability & footnote using updated actuarial tables based upon a current analysis. Year over year comparisons and competitive results are impacted. Question: What is your opinion in how this issue should be addressed when financial information is no longer presented in its entirety?
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Statement: Customizing the description and representation of company specific information occurs in current financial statement filings. Question: What is your opinion in how extension should be managed from a sustainability, recoverability and render ability perspective for the next 10 years? Should there be a requirement to map extension into defined categories/levels?
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Statement: XBRL is perceived as a technically complex solution. Question: What efforts should occur to address complexities and does the specification support or hinder software companies from developing solutions?
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Statement: XBRL or “Interactive Data” is moving toward becoming a financial reporting format globally across many jurisdictions Question: What do you believe is the most technically challenging issue that has not been resolved? What is your vision of how non-technical users will interact with tagging, reporting and consumption in the future?
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