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XBRL (GL) background and standards/artefacts, development method
UNCEFACT Conference, 5 April 2019, GeneveElina Koskentalo, XBRL Finland
Inspiration for XBRL GL
From paper-based ledgers to pre and post-PC accounting products and into the Internet era …
1998: Birth of XML XML Recommendations XML XML Namespaces XML Schema XLink
Dates: 09/08/08Currencies: “Dollars”Numbers: 5,000Facts in a CSV file: 400,200 or 400;200
From the promise of XML to a consortium interested in revolutionizing the Business Reporting Supply Chain ..
Charlie HoffmanFinancial Statements
What has become XBRL – the Extensible Business Reporting Language – began with the passion of CPAs and the potential of XML.
Wayne HardingWhat began as using XML tags for financial statements grew to all business reporting data, processes, rules and more.
Eric E. CohenDetailed data
The Story of Our New LanguagePersonalities, cultures, and politics combine to create a common, global language for businesshttp://www.aicpa.org/InterestAreas/FRC/AccountingFinancialReporting/XBRL/DownloadableDocuments/XBRL_09_web_final.pdf
XBRL Begins …
XBRL GL IS THE STANDARDIZED BRIDGE FROM BUSINESS EVENTS TO XML/XBRL REPORTING
XBRL GL is XBRL A RECOMMENDATION from XII To represent the DETAILED data
and mappings in ERP systems Fully integrated with and
supporting the drill down detail from external taxonomies and summary to external taxonomies
How we support the vision:– A piece of business information, once
entered into any system, anywhere, never has to get retyped as it flows along the information supply chain.
The WIIFM for organizations– “When reports are the natural by-
product of an internal environment made more efficient with XBRL …”
XBRL
qbxml
smbxml
Intacct xml
SAP
Peoplesoftxml
qbxml
smbxml
Intacct xml
SAP
Peoplesoftxml
TaxReporting
More Than a “General Ledger”
It is an application independent import/export format for the data contained in ERP systems. It is account independent and report independent, but can track multi-GAAP entries and provide the drill-down and drill-aroundpower for different reports. As such, it is a tool for consolidation, data migration and data archival, internationally. It makes integrated best of breed systems possible.
Consolidation/Reporting
Supporting Consolidation
– Working with standard charts of accounts and local charts of accounts to bridge and consolidate
– XBRL GL unique amongst standards in supporting concurrent reporting across accounts, sets of books, disparate reporting periods
Cross walks– Summarizing by account, transaction set or other aggregations to one or
multiple end reports, with reconciliation Data migration Archival
Regulators and AdministratorsExternalAuditors
InternalAuditors
ManagementAccountants
ExternalBusiness
Reporting
BusinessOperations
InternalBusiness
Reporting
Investment,Lending,
RegulationProcesses
Participants
TradingPartners
Investors
FinancialPublishersand Data
Aggregators
Software Vendors and Service Providers
Companies
Economic Policymaking
CentralBanks
Business Reporting Supply Chain
System 3System 1
Identificador de la Cuenta
Descripción Principal de la Cuenta
Monto Monetario
Fecha de Asignación/Ingreso
勘定科目番号
勘定科目説明文
金額
転記日付
Account#
Description
Amount
PostDate
System 2
accountMainID
accountMainDescription
amount
postingDate
accountMainID
accountMainDescription
amount
postingDate
accountMainID
accountMainDescription
amount
postingDate
XBRL GL XBRL GLXBRL GL
Every System as XBRL
Source: Eric Cohen, Cohen Computer Consulting
Information Storage
Standardized data archives
External reporting tools
Customer user interface
Accounting software
Sales applications
Inventory system
eInvoiceeReceipt
Bank statementsOther structural business documents
XBRL GL as a standard data interface between systems – enables “apps” on the side of ERP’s
2017-03-03
10
Payment applications
Accounting system
XBRL Global Ledger in regards to other standards
• SAF-T: OECD states that XBRL GL may be used as the carrierof the data along side the proprietary XML format
• ISO/PC 295 Audit data standard: a resolution made to include XBRL GL as a recognized data carrier format in theTechnical Committee stage
• AICPA Audit Data Standards: recognizes XBRL GL as one of its two data carrier formats
• UBL: XBRL GL and UBL mappings created in TALTIO project(Finland 2016)
Thank youElina Koskentalo
www.tieke.fi
www.xbrl.fi
5.4.2019 TIEKE Tietoyhteiskunnan kehittämiskeskus ry 12
