презентация джон тернер - Xbrl
-
Upload
finnopolis -
Category
Art & Photos
-
view
861 -
download
4
Transcript of презентация джон тернер - Xbrl
Enhancing Reporting with the Global
Business Reporting Standard
Part 1:Paradigm Shift
112.788.600,00
ASSETS
IFRS
IAS1 Para 55 Stock
Monetary
Gesamtvermögen
總資產Total Assets
совокупные активы
OWNERS EQUITY
TOTAL ASSETS
TOTAL LIABILITIES= -
if{
}then ERROR = “Balance sheet does not balance. Please review.”
SPECIFICATIONSDICTIONARIES
DATA
SPECIFICATIONSTAXONOMIES
INSTANCES
GLOBALNOT FOR PROFITPUBLIC INTEREST
Our purpose is to improve the accountability and transparency of business performance globally, by providing the open standard for data exchange in business reporting.
Part 2:Why?
XBRL? NO THANK
S!
STRUCTURED DATA AND EXECUTABLE BUSINESS
RULES?
YES!!
DRIVER FOR REGULATORS
MULTI-DIMENSIONAL
DEFINITIONS AND TRANSPORT
MULTI-DIMENSIONAL
DEFINITIONS AND TRANSPORT
DRIVER FOR REGULATORS
CLEAR DEFINITIONS BUILT INTO
TAXONOMIES
PUBLIC BUSINESS RULES BUILT INTO
TAXONOMIES
MULTI-DIMENSIONAL
DEFINITIONS AND TRANSPORT
++
EXTENSIBILITY
+
Report this
and this
and thisBut not this or this
Presentation vs DATA
two documents
Inline Xbrl
XBRL GLOBAL LEDGER
TOTAL SALES
2015-09-17 | 08:23:22:14 ACME INC 8 WIDGETS £102.23 SALES
2015-09-17 | 08:24:11:22 XYZ INC 11 WIDGETS £122.00 SALES
2015-09-17 | 08:24:11:53 ABC LTD 4 WIDGETS £30.23 SALES
… …
Part 3:Where?
• United Arab Emirates Securities and Commodities Authority
• Mandatory reporting
• Enabling investment locally and internationally.
• Companies House in the UK• iXBRL (Web pages + XBRL)• 1.9M+ companies’ data freely available• Facilitating resource allocation
• US SEC collects quarterly financial statements in XBRL from all listed companies. Purpose: market surveillance and market disclosure.
• European Banking Authority (EBA) implementing the Basel Committee for Banking Supervision rules post financial crisis
• 7000+ Banks across Europe using the same taxonomy• Improving compliance and certainty
• Dutch Banks are extending the SBR Taxonomy in order to collect data from companies
• The purpose? Better Credit Allocation
• Dutch Banks are extending the SBR Taxonomy in order to collect data from companies
• The purpose? Better Credit Allocation
• China using XBRL for reporting to Stock Exchanges as well as State Owned Enterprises to enhance transparency and accountability
• XBRL now being used to enhance management information as well
VOLUME VARIETY VELOCITY VERACITY
Part 4:Analysis
Part 5:Balance
Regulatory balancing act
Burden & Cost
Scope & Utility
A JOURNEY IN MATURITY
EcosystemData RequirementsData ConsistencyChange ManagementAnalytics Framework
Five tips for regulators① Go slowly! Don’t underestimate
change requirements.② Be driven by analytic needs.③ Collaborate to reduce burden.④ Encourage system-to-system filings
by focusing on software ecosystem.⑤ Use the testing capabilities of XBRL to
your advantage.
Five tips for filers① Go fast!② Create a roadmap that leads to embedded,
integrated reporting. Outsource -> Bolt On -> Last Mile -> Embedded
③ Learn how your data gets used by stakeholders④ Think in terms of your own capabilities not just
as compliance.⑤ Develop your own knowledge base and process
Conclusion
SPECIFICATIONSTAXONOMIES
INSTANCES
Our purpose is to improve the accountability and transparency of business performance globally, by providing the open standard for data exchange in business reporting.
A JOURNEY IN MATURITY
EcosystemData RequirementsData ConsistencyChange ManagementAnalytics Framework
WELCOME!