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FEI/XBRL Canada FEI/XBRL Canada AwarenessAwareness
Jeff Farley Jeff Farley ([email protected])VP Vice President, Finance & Administration -Microsoft Canada
Mike Willis Mike Willis ([email protected])Partner -PriceWaterhouseCoopers
Accelerating Awareness
Microsoft and FEI Canada partnership Six-city breakfast series targeting
executives: VP Finance, controllers, CFOs Speakers from: Academic accounting,
advisory partner, MS corporate controller Focus: Risk, disclosure, internal controls,
financial reporting
What’s in it for Us? Grappling with real business pain
Intersection of compliance, risk & disclosure AND technology
Driver: Regulators, tax authorities & exchanges standardizing on XBRL
Talking with finance executives as target audience
Demonstrating Financial Leadership Addressing the broader solution
It’s not just the desktop …it’s about Web services
Business Business Performance Performance ManagementManagement
Competitive Competitive AnalysisAnalysis
Risk ManagementRisk Management
Auditor toolsAuditor tools
404 Monitoring404 Monitoring
Real-time Real-time ConnectionConnection
Enterprise Use of XBRLA “Web service” is a technology that can be used by applications to:
Publish information Enable discovery of information Invoked over the internet using
open Internet standards
Data
Business Business OperationsOperations
Acquisition Acquisition IntegratioIntegrationn
ExternaExternal l
ReportsReports
SEC SEC FilingsFilings
SEC SEC DisclosurDisclosure e ChecklistChecklist
Dept of Dept of CommercCommercee
BanksBanks
Internal Internal ReportsReports
DataData
Data
General General Ledger Ledger
ConsolidationConsolidation
General General Ledger Ledger
ConsolidationConsolidation
Drill Drill downdown
How We Looked at Success
“WIIFM” Convergence 100% of target audience: CFOs, Controllers,
VP Finance Total attendance = 254, exceeding goal of
180 296% per head cost reduction from previous
FY event High Customer Satisfaction rating
What we learned WIIFM Message is key for Finance Executive Stress common pervasive problems Don’t sell applications solutions, rather outline a
directional path Collaborate with complimentary business partners The Academic view provided energy and
independence Coordinate with follow on training sessions Have food at the session
Transaction data
Multiple departmental Excel spreadsheets
Senior Management
Consolidated spreadsheets for
management
2000 elements = 6500 spreadsheets (this is not a typo)
SQL
SQL
Today’s Data Management Environment
Transaction Data
Multiple Departmental Excel Spreadsheets
Consolidated spreadsheets for management
SQL
SQL
“Spreadsheet Hell” - Risk of Non-Compliance
Senior Management
Subsidiary ERPs
Supplemental information aggregation
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Controls
Control located with data or in supplemental manual processes
ERP Systems Don’t Eliminate Inefficiency
Senior Management
Some ‘problems’ with today’s model
information goes in one direction information has no shared context analysis of the information is conducted via
macros that are embedded within the applications and are not reusable by others
information labels are consistent from one application to another
information is not independently validated information is not connected to other related
resources across applications
Validation
Standardization
XBRL – More Than Just Definitions
CalculationCash = Currency +
Deposits
CalculationCash = Currency +
DepositsFormulas
Cash ≥ 0Formulas
Cash ≥ 0Contexts
US $FY2004
Budgeted
ContextsUS $
FY2004Budgeted
LabelcashCashEquivalentsAndShortTermInvestment
s
LabelcashCashEquivalentsAndShortTermInvestment
s
ReferencesGAAP I.2.(a)Instructions
Ad Hoc disclosures
ReferencesGAAP I.2.(a)Instructions
Ad Hoc disclosures
PresentationCash & Cash Equivalents
PresentationCash & Cash Equivalents
XBRLItem
XBRLItemXMLItemXMLItem
XBRLItem
XBRLItem
PresentationComptant et Comptant
Equivalents
PresentationComptant et Comptant
Equivalents
PresentationGeld & Geld nahe Mittel
PresentationGeld & Geld nahe Mittel
PresentationKas en Geldmiddelen
PresentationKas en Geldmiddelen
Presentation现金与现金等价物
Presentation现金与现金等价物
Presentation現金及び現金等価物
Presentation現金及び現金等価物
PresentationДеньги и их эквиваленты
PresentationДеньги и их эквиваленты
PresentationГроші та їх еквіваленти
PresentationГроші та їх еквіваленти
XBRL enables information - where you need it information has shared context analysis of the information leverages shared
business rules that are reusable by others information labels are flexible across
applications information is independently validated information is connected to other related
resources across applications
Services architecture leverages common information taxonomies (concepts)
Transaction and or subsidiary
Data
Viewing and aggregation for department & management
XBRLWeb
Services
Controls
Controls
Controls
Controls
Controls
Controls
‘Wrap & Map’
Senior Management
Key Messages WIIFM Convergence Identified pervasive problems Real market momentum Not If but When The market opportunities are real Collaboration works!
© 2004 Microsoft Corporation. All rights reserved.This presentation is for informational purposes only. Microsoft makes no warranties, express or implied, in this summary.
