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Financial Reporting goes Global XBRL and International Financial Reporting Standards ( IFRS ) working together

Financial Reporting goes Global XBRL and International Financial Reporting Standards ( IFRS ) working together. Kurt Ramin Chairman XBRL International Steering Committee. April 20, 2006, Buenos Aires. Business Reporting Supply Chain. XB RL GL Journal Taxonomies. XB RL GAAP Taxonomies,

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Financial Reporting goes Global XBRL and International Financial Reporting Standards ( IFRS ) working together

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  1. Financial Reporting goes GlobalXBRL and International Financial Reporting Standards (IFRS) working together Kurt Ramin Chairman XBRL International Steering Committee April 20, 2006, Buenos Aires

  2. Business Reporting Supply Chain XBRL GL Journal Taxonomies XBRL GAAP Taxonomies, IFRS-GP, US-GAAP, etc. XBRL Taxonomies and Extension Taxonomies (statistics, central banks, tax, others) Business Operations Internal Financial Reporting External Financial Reporting Economic Policymaking Investment, Lending, Regulation Processes Entities (Public Corporations, SMEs, Public Sector Entities) Financial Publishers and Data Aggregators Investors Central Banks Participants Trading Partners Management Accountants Auditors Regulators Software Vendors

  3. XBRL: Bar codes for reporting <price>100</price> <unit>2</unit> RFID Radio Frequency Identification

  4. OrganisationWho is the key player? “XBRL International is a not-for-profitconsortium of approximately 450 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption.“

  5. IFRS and XBRL the World is getting smaller NO SE FI NL DE CZ DK IASB LU PL RU HU CA SI UK AT UA IR BE TR US SP GR CN FR PT LB JP IT KR CH IN MT VZ HK AE CO SG BR Established Jurisdictions AU ZA Provisional Jurisdictions NZ AR in Construction & in Project Countries that require or permit IFRSs Countries seeking convergence with the IASB on pursuing adoption of IFRSs

  6. The Bound Volume Includes the complete text of all: • IFRSs and IASs • IFRIC and SIC Interpretations • Framework • Supporting documentation • Bases for Conclusions • Implementation Guidance • Illustrative Examples • Hardcopy in >30 languages

  7. XBRL-enabled Software

  8. Some Institutions and Organizations behind XBRL

  9. ...I-Metrix

  10. XBRL: It’s Unstoppable <Questions/> <name>Kurt Ramin</name> <position>Chairman, XBRL International SteeringCommittee</position> <email>kramin@iasb.org</email> XBRL: Transforming Financial and Business Reporting

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