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Chapter 6Current State of XBRLIFRS TaxonomyDiscoverable Taxonomy SetExtension TaxonomiesValidation of XBRL vs xml
Current State of XBRL
Who Must FileAll companies are now required
to file using XBRLForeign Private Issuers are
required to file using IFRS taxonomy
Automating XBRL PreparationFujitsu
◦Xwand Taxonomy Creation Instance Document Creation Excel Mapping
Rivet◦Crossfire & CrossView
CoreFiling◦Sphinx
EDGAROnline◦ I-Metrix
XBRL IFRS
IFRS Instance DocumentSame structure as XBRLUses different taxonomy
1. Root element / namespace declarations
2. SchemaRef3. Context4. Unit5. Items
IFRS Taxonomy2011 Taxonomy Issued March 25,
2011Compared to US GAAP, ~ 4000
elements vs. 15,000Documentation is not included in
IFRS (as it is NOT rule based).◦Instead disclosures and example
references are included
Illustrations of IFRS XBRLiXBRL (next week)XBRL IFRS
<?xml version="1.0" encoding="utf-8"?><!-- XBRL instance shell - Skip White December 2010 --><!-- File name: XBRLInstanceShell2010.xml --><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns: _____1_________ > <link:schemaRef xlink:type="simple" xlink:href= _____2_________ /> <xbrli:context id= _____3_________ >
<xbrli:entity> <xbrli:identifier scheme= _____4_________ > _____5_________ </xbrli:identifier>
</xbrli:entity><xbrli:period>
<xbrli:instant> _____6_________ </xbrli:instant></xbrli:period>
</xbrli:context><xbrli:unit id= _____7_________ >
<xbrli:measure> _____8_________ </xbrli:measure></xbrli:unit><!-- Insert the XBRL items (facts) below --> </xbrli:xbrl>
Discoverable Taxonomy Set(DTS)
DTS – What must be filed with SECContains:
◦ Instance Document◦Extension Taxonomy◦Linkbases
Calculation Definition Labels Presentation
◦All Imported SchemasFilename Format
◦ Identifier-yyyymmdd for instance and schema◦ Identifier_yyyymmdd_cal or _def or _lab or _pre
Extension Taxonomy
Structure of SEC Extension TaxonomySchema Root Element,
namespace declarationsannotation/appinfo
◦link:linkbaseRef Links all the linkbases to the schema
document
◦link:roleType Links each statement and disclosure to
the linkbases
link:linkbaseRef (International Speedway Corp 10Q) <link:linkbaseRef xlink:type="simple" xlink:href="isca-
20110531_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Calculation Links, all"/>
<link:linkbaseRef xlink:type="simple" xlink:href="isca-20110531_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links, all"/>
<link:linkbaseRef xlink:type="simple" xlink:href="isca-20110531_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links, all"/>
<link:linkbaseRef xlink:type="simple" xlink:href="isca-20110531_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links, all"/>
link:roleType (International Speedway Corp 10Q)<link:roleType
roleURI="http://internationalspeedwaycorporation.com/role/BalanceSheetsParenthetical" id="BalanceSheetsParenthetical">
<link:definition>0111 - Statement - Consolidated Balance Sheets (Unaudited) (Parenthetical)</link:definition>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
</link:roleType>
Extension Element (International Speedway 10Q) <element
id="isca_PrepaidExpensesAndOtherCurrentAssets" name="PrepaidExpensesAndOtherCurrentAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" xbrli:balance="debit"/>
XBRL Validation
XBRL Validation LevelsPhase I
◦xml validation (NOT XBRL) Schema validation – does the xml match the
schema structure?
Phase II◦Validates XBRL semantics in DTS
Requires specialized software ($’s)
Phase III◦Validates XBRL based on reporting rules◦SEC XBRL filing requirements
Requires specialized software ($’s)