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Business Wire Webinar November 20, 2008

The Preparer’s Perspective of XBRL. Business Wire Webinar November 20, 2008. Agenda. XBRL @ 100,000 Feet Comcast’s Experience History Process Cost and Time Estimates The Preparer’s View Point SEC Comment Letters – Common Themes Preparation – In-house vs. Outsourcing

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Business Wire Webinar November 20, 2008

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  1. The Preparer’s Perspective of XBRL Business Wire Webinar November 20, 2008

  2. Agenda XBRL @ 100,000 Feet Comcast’s Experience • History • Process • Cost and Time Estimates The Preparer’s View Point • SEC Comment Letters – Common Themes • Preparation – In-house vs. Outsourcing • Investor Relations Responsibilities

  3. XBRL @ 100,000 Feet Taxonomy • Element = Label + Definition • Linkbase (Calculation & Presentation) Extensions Tagging / Mark-up

  4. XBRL @ 100,000 Feet Excerpt of 3rd 2006 Quarter 10Q: Scenario: Unaudited Precision: Digits as Shown Scale: In Millions Element: Cash & Cash Equivalents Numeric Unit: $ - US Dollars Date: As of 9/30/06 <usfr-pte:CashCashEquivalents contextRef="BalanceAsOf_30Sep2006_Unaudited" unitRef="USD" decimals="INF">2774000000</usfr-pte:CashCashEquivalents>

  5. XBRL @ 100,000 Feet Taxonomy • Element = Label + Definition • Linkbase (Calculation & Presentation) Extensions Tagging / Mark-up Instance Documents

  6. XBRL @ 100,000 Feet Similar to what HTML is to the Internet…

  7. XBRL @ 100,000 Feet …XBRL is to financial reporting

  8. XBRL @ 100,000 Feet Taxonomy • Element = Label + Definition • Linkbase (Calculation & Presentation) Extensions Tagging / Mark-up Instance Documents Voluntary Filer Program vs. Pending Mandate Bolt-on vs. Integrated Process

  9. Comcast’s Experience History: Summer 2006 – Educated ourselves and investigated software and 3rd party solutions Fall 2006 – Selected software vendor and prepared initial filings Dec 2006 – Educated Audit Committee & made initial filings Mar 2007 – Filed 2006 10-K in XBRL May 2007 – Transitioned responsibility to the Financial Reporting Team Jun 2007 – Filed 1Q07 10-Q in XBRL Sep 2007 – Filed 2Q07 10-Q in XBRL Nov 2007 – Filed 3Q07 10-Q in XBRL Apr 2008 – Filed 2007 10-K in XBRL May 2008 – Filed 1Q08 10-Q in XBRL Fall 2008 - Re-evaluate Software & Process

  10. Comcast’s Experience Process: “Tagging” is Performed Using Rivet Software Assistance Provided by Rivet Software as Needed 8-K is Prepared Review Checklist Completed (PCAOB Q&A) XBRL Committee Review 8-K Reviewed by Legal Counsel Documents are Validated and Filed by RR Donnelley

  11. Comcast’s Experience Cost and Time Estimates:

  12. The Preparer’s View Point SEC Comment Letters – Common Themes:

  13. The Preparer’s Viewpoint Preparation – In-house vs Outsourcing:

  14. The Preparer’s View Point Investor Relations Considerations: Website Posting Requirements Increased Coverage for Small Companies Expect Questions Industry Standards Regarding Extensions The Future – MD&A and Earnings Releases

  15. Phillip J. Gaudreau Comcast Corporation phillip_gaudreau@comcast.com (215) 286-2815

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