1. Analysis of Financial Data May 15, 2012 This presentation has been prepared to help constituents understand the current status of projects of the FASB. The views expressed in this presentation are those of the presenter. Official positions of the FASB and the IASB are reached only after extensive due process and deliberations.

2. Analysis of Financial Data 2

3.  Number of companies filed –Almost 10,000  Number of filings –Over 33,000  Fact values reported –18 million facts  All (except for filers using IFRS) will be detail tagging with June 2012 filing Current State – XBRL 3

4. XBRL Data Consumption  Various tools for analysis  Use of data – internal (filer) −Peer group comparisons −Acquisition targets −Company trends  Use of data – external −Buy/sell decisions −Data collection −Research 4

5. Consistency Suite 5

6.  Consistency Suite (C Suite) is an XBRL database of SEC-submitted filings, maintained by XBRL US  Updated shortly after each filing is submitted to the SEC  Free tool for use for anyone with a FAF, FASB or GASB email account  Site Address: -http://xbrl.us/research/pages/Csuite.aspx Consistency Suite 6

7. Tools for Analysis 7

8. XBRL Data Example 1 - XBRL US Tool 2010 filings - Debt by SIC Code 8

9. XBRL Data Example 1 – XBRL US Tool 2011 filings - Debt by SIC Code 9

10. XBRL Data Example 1 - XBRL US Tool Data for financial sector further disaggregated 10

11. XBRL Data Example 2 - XBRL US Tool  2010 filings - Revenue for retail trade sector  Wal-Mart has $408,085,000,000 of the $1,894,815,271,079 total for retail trade (22%) 11

12. XBRL Data Example 2 - XBRL US Tool  2011 filings - Revenue for retail sector, total revenue for sector increased 6% over prior year  Wal-Mart has $421,849,000,000 of the $2,023,911,506,915 total for retail trade (21%), increased 3% over prior year 12

13. XBRL to XL Example 3 13

14. XBRL to XL Example 3 14

15. XBRL to XL Example 3 15

16. Calcbench Example 4 16

17. Issue: Expected Return on Pension Assets 17

18.  715-20-50-1(k)(3) US GAAP Codification 18

19. Link to the UGT 19

20. Getting to the US GAAP Taxonomy (UGT) 20

21. Getting to the UGT 21

22. Getting to the UGT 22

23. Searching the UGT 23

24. Navigating the UGT 24

25. Key: Element Name 25

26. Log in 26

27. Run Query 27

28. Results Exported to Excel 28

29. Results - Table 20082009201020112012 Average 7.74%7.49%7.34%7.08%7.23% Median 8.00% 7.75%7.50% Mode 8.00% 7.50% Max 12.30% 15.00%14.25%9.20% Min 2.50%1.40%0.40%0.24%3.00% Count 37911261309128857 29

30. Fair Value Option 30

31. Fair Value Option 31

32. If You Click on the Element in the Cod: 32

33. Highlight the Element Name & Copy 33

34. Search for element in the UGT 34

35. Returns Element 35

36. C Suite Search Results 36

37. Standard Setting Considerations 37

38.  We are in a paradigm shift from print/PDF to electronic data, but … -The “narrative” is still grounded in presentation -Many still use print statements -Many requirements are set in SEC Rules  Our aim is to shift the narrative more towards electronic data to better anticipate change Transforming Financial Reporting 38

39.  Three key dimensions -Presentation -Relationships, disaggregation, recognition -Metadata/attributes XBRL changes the geography question 39

40. 69.Upon initial recognition of the receivable, any difference between the measurement of the receivable in accordance with Topic 310 and the corresponding amount of revenue recognized shall be presented in profit or loss as a separate line item adjacent to the revenue line item. If the contract does not have a significant financing component in accordance with paragraph 58, an entity shall present any impairment of the receivable (or change in the measurement of an impairment) in profit or loss as a separate line item adjacent to the revenue line item. Revenue Recognition (Topic 605) Proposed Accounting Standards Update (Revised) 40

41. OCI - Potential Classification Models  Degree of Persistence  Core / Non-core  Management Control (Stewardship)  Remeasurements  Degree of Measurement Uncertainty  Time Horizon until Realization  Operating v. Investing & Financing  Other? Instead of classifying, could we just provide the attributes? 41

42.  Organization, Formatting, and Style The Board indicated that a Discussion Paper would present a number of ways that a reporting entity could organize information within the notes to the financial statements. Organization of information would not only apply to the ordering of individual notes but also to the information within each note. The Discussion Paper also would provide ideas pertaining to the formatting and style of information in the notes with the intent of establishing clear communication of the information that an entity provides. Disclosure Framework 42

43.  The project will include ways reporting entities can improve the organization and formatting of their disclosures  Organization would not only apply to the order of the notes but to the order of the information within the notes  Discussion paper will include guidance pertaining to: Referencing/cross-referencing Use of headings and tables Entity specific disclosures Organization and Formatting 43

44.  Encourage tabular disclosures over narrative  Deemphasize presentation centric view  Identify key attributes that should be disclosed and consider how we can shape the outcome using XBRL Taking advantage of XBRL 44

45.  A song on iTunes is to an ‘album’ what cash is to assets.  If people no longer buy albums and only buy the songs, what does that mean for assets? Final thoughts 45

46.  “David Weinberger attacks the complexity of the real world, not by making it simple, but by making it clear. Once he explains how things can be in more than one place at a time-and make sense-you’ll never look at a humble bookshelf or store shelf the same way again.” -- Esther Dyson, author of Release 2.0Esther Dyson www.everythingismiscellaneous.com 46

47. Questions? 47