Slide 1 - Special Libraries Association
Preview:
DESCRIPTION
Citation preview
- 1. Welcome to the Investor Services and College &
University Business Libraries (CUBL) Sections of SLA Business &
Finance Joint Program Speakers: Rita Ormsby and Louise Klusek, The
William & Anita Newman Library, Baruch College, CUNY and
Courtney Cowgill, Chief Financial Officer and Corporate Treasurer
of Oceanic Exploration Company Sponsored by Ebsco Information
Services and InfoCurrent June 5, 2007 Denver Colorado
- 2. What is XBRL? XBRL? XBRL, c'est quoi? Wat is XBRL? QU ES
XBRL? Vad r XBRL? is a question being asked around the world
- 3. Baruchs Center for Corporate Integrity has sponsored several
sessions on XBRL
- 4. Slides from recent XBRL conference at the University of
Kansas are available
- 5.
- 6. XBRL and Financial Reporting SLA Investment Services Section
College & University Business Libraries (CUBL) Section June 5,
2007
- 7. Todays Overview
- 8. What is XBRL?
- eXtensible Business Reporting Language
- Metadata for financial statements
- Based on approved taxonomies
- 9. Using XBRL Data
-
- Compare companies against peers
-
- View information in any language
-
- View under different accounting conventions
- 10. XBRL International
- Consortium of over 2000 accounting firms, corporations,
government entities, academic institutions
- Facilitated by American Institute of Public Accountants
- Promotes the development and use of XBRL
- 11. SECs Standard Setting
- $ 54 Million to improve EDGAR
- Complete taxonomies for all industries by September 2007
- Build improved analytical tools
- 12. The SEC Program Today
- Voluntary XBRL Filing Program
-
- originally 17, now 30 companies
- Executive compensation data tagged
- 13. SEC Voluntary Filing Program
- 3M Company Anadarko Petroleum Automatic Data Processing Altria
Group, Inc. Bowne & Co. Inc. Brazilian Petroleum Corp.
Bristol-Myers Squibb Comcast Corporation Commonwealth Edison
Crystal International Travel Group, Inc. The Dow Chemical Company
EDGAR Online Inc. Exelon Corporation Exelon Generation Co
- Fastenal Co. Ford Motor Company Ford Motor Credit Company
General Electric Company Gol Intelligent Airlines, Inc. Infosys
Technologies Microsoft Corporation Old Mutual Capital, Inc. PECO
Energy Company PepsiCo, Inc. Pfizer, Inc. R.R. Donnelley & Sons
South Financial Group, Inc. United Technologies
- Xerox Corporation XM Satellite Radio Holdings
- 14. SEC Financial Report Viewer
- 15. The FFIEC Program
- FFIEC requires quarterly Call Reports filed in XBRL (October
2005)
- Over 8,200 banks report to Central Data Depository at
www.FFIEC.gov/FIND/
- Validation and accuracy improved
- 16. Investment Company Institute
- XBRL taxonomy for Risk/Return Summary (N-1A) (released January
2007)
- Proposal to join the SECs voluntary filing program (submitted
March 2007)
- 17. XBRL Around the World
-
- IFRS (International Financial Reporting Standards)
-
-
- Complete in Japan, Germany, Korea & Sweden; Under
development in Canada, China, Ireland, New Zealand, Spain, Thailand
& UK
- 18. Canadian Securities Administrators
- Voluntary filing program to start May 2007
- Uses Canadian GAAP taxonomy
- XBRL Canada Blog at http://www.zorba.ca/xbrlblog.html
- 19. XBRL Pilot Programs
-
- Japan FSA & Tokyo Stock Exchange
-
-
- Full financial statements for all listed companies in 2008
-
-
- Commerical & industrial companies to file beginning April
2007
- 20. Other XBRL Users
- XBRL for Earnings Releases
- Sustainability Reports GRI G3
- Tax Returns UK-HMRC and Dutch Tax Authority
- 21. The Future
- Change in marketplace for SEC based fundamental data
- More accurate, broader, more effective and less expensive
research coverage
-
-
-
-
- Gartner, September 28, 2006
- 22. Steps for Librarians
- Keep abreast of SEC moves
- Talk to your data vendors
- 23. Thank You Louise Klusek, Assistant Professor, Newman
Library, Baruch College, City University of New York
[email_address]