1 / 15

Overview of XBRL Projects - May 2012 Workshop in Madrid

This workshop provides insight into XBRL projects, official documents, and IFRS/BACH taxonomies. Explore cross-border comparability requirements and mapping solutions for local taxonomies. Discuss AMTF use cases and study results.

belknapm
Download Presentation

Overview of XBRL Projects - May 2012 Workshop in Madrid

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. XBRL EU BRWorkshop & WG May 2012 XBRL Europe Meetings – Madrid Thomas Verdin Geoffroy de Urtasun 1

  2. 1 OVERVIEW OF XBRL PROJECTS 3 2 4 BR OFFICIAL DOCUMENTS IFRS AND BACH TAXONOMIES AMTF Agenda

  3. Overview / Updates • Overview • who and what in each country or project, • regarding XBRL + EU BR • On our program for 31 May only: • Infogreffe, Taxonomy update • Monnet, Update translation review • European Commission Directive on interconnection

  4. European Directive for BR On 10 May 2012, the Council of the European Union adopted a directive setting up a system for the interconnection of central, commercial and companies registers 5/12 and 9358/12 ADD1 The directive aimed at improving access to up-to-date and trustworthy information on companies XBRL Europe and our Working Group contributed to the discussion on the draft document: 24/02/11 FIRST DRAFT Still to discuss: Implementing Acts 11/05/12 ADOPTED BY THE COUNCIL 4

  5. Sharing knowledge on BR • Please present your official templates for documents on Company ID & Financial Statements, focusing on: • The registration number • The registration authority • How to get the document

  6. AMTF • Purpose • “Comparability” enables XBRL instance documents, even from different taxonomies, to be compared and consumed. • We are invited to react for defining comparability requirements in detail, from a business point of view. • Overview • AMTF produced a draft document. The sections are: • 1) Executive Summary • 2) Use cases: Typical use cases where comparability is required • 3) Business requirements: Derived from the Use Cases • 4) Domain model: Concepts, attributes, business rules and their relationships • The complete • document:

  7. Our needs (reminders) Local instance We need XBRL technical possibilities to express the links between the xEBR taxonomy and each local taxonomy (« mapping »). xEBR taxonomy Local instance Does a specific AMTS use case and the global requirements meet our need?

  8. Our stepstone xEBR is mapped with the local taxonomies Links 7 Mapping initiated: Links Links Links But today we still need XLS file to administrate the mapping

  9. Our two detailed requirements • 1. Cross Border Ratio Caption: Local Concept xEBR Concept Local Concept XBRL concept Mapping link 2. Cross Border display for analysis and comparison Local Concept Local Concept xEBR Concept Caption: Local Concept xEBR Concept Local Concept XBRL bloc XBRL concept Local Concept Local Concept xEBR Concept Mapping link Local Concept Local Concept Presentation link

  10. Study of AMTS • Study of AMTS Uses Cases and requirements Usecase 1: Basic comparison Usecase 2: Investing (1-1) Usecase 3: Benchmarking (1-x) Usecase 1:

  11. Study of AMTS Use Case 2: Investing (1-1) • Compare Periods • Compare Entities • Compare Units • Compare Concepts • Compare Dimensions

  12. Our conclusion • To be validate on 31 of May: • Allow to create semantic assertions to link two concepts and describe the quality of the links • Allow to create assertions or calculate assertions using more than two taxonomies • Combine formulae and comparability assertions • Connect blocs of concepts (that are linked by presentation/calculation relationships) for rendering the results of assertions • Compare data from instance documents with extracted data from other (authentic) sources (HTML, XML…) • Discuss on where to put the assertions and comparability links

  13. xEBR & IFRS Taxonomy First draft of xEBR & IFRS mapping Links • Reference taxonomy: IFRS_20110325 • 53 concepts are mapped in exact match • 5 concepts are mapped in narrow match • 5 concepts have comments to discuss • Current release : IFRS_20120329 • Our contact: • Rita Ogun-Clijmans Workalreadydone Work to do

  14. xEBR & BACH taxonomies ECCBSO taxonomy for BACH database • xEBR propositions: “share the concepts” • Theopportunitytocreateinstanceswithcorereference data from ECCBSO and from Business Registers • Theopportunitytointerconnectthevariousschemes (BACH data model, local BR taxonomies) through xEBR-BACH. Thiscouldindeed be an input fortheEurostat WG

  15. Program for tomorrow, at Bank of Spain • Morning :Plenary Session (9.00 – 12.30) • Afternoon : xEBR WG • Business registers’ latest news • Update on ourworkingtopics : • Directive on interconnection of Business Registers • AMTF, Interoperabilitytask force • Monnet program • ISA, Corevocabulary group • xEBR and IFRS connections • CEN Workshop (Bank of Spain, 17.00- 19.00) • Old Town Walking Tour (Metro Opera, 19.00) • Paella & Flamenco (Rest. El Arrozal, Calle Segovia 13. Old town, 20,00) Reminders for today

More Related