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Shweta Gupta Chair Reporting Taxonomy Architecture Processes Practice Working Group

22 nd XBRL International Conference. Taxonomy Architecture Practice Working Group (TAPWG) May 18, 2011 Brussels, Belgium. Shweta Gupta Chair Reporting Taxonomy Architecture Processes Practice Working Group Member, Best Practices Board. Agenda. FRTA 1.5 Changes from FRTA 1.0

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Shweta Gupta Chair Reporting Taxonomy Architecture Processes Practice Working Group

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  1. 22nd XBRL International Conference Taxonomy Architecture Practice Working Group (TAPWG) May 18, 2011 Brussels, Belgium Shweta Gupta Chair Reporting Taxonomy Architecture Processes Practice Working Group Member, Best Practices Board

  2. Agenda • FRTA 1.5 • Changes from FRTA 1.0 • Next Steps • Short Term • Long Term • Challenges • Answers to the Challenges

  3. FRTA 1.5 • Remove all obsolete rules in FRTA 1.0 • Modify existing rules, if needed • Add new rules, if any Soon to be available as a Public Working Draft….for your comments

  4. Change from FRTA 1.0 • 19 Rules have been removed • 11 Rules have been modified • 1 Rule has been added • Deleted the Extension taxonomy section

  5. Change from FRTA 1.0 • All “may” rules were deleted • Reason for deletion/modification: • To avoid contradiction with dimensions specifications • To remove any obsolete rules (like 12 character prefix) • Remove rules already imposed by the XBRL 2.1 specification • To make some rules more precise

  6. Next Steps • Short Term • Define the scope of Financial Reporting • Identify the rules/practices that govern various taxonomies across countries for Financial Reporting • Consolidate and include the rules to be included in FRTA 1.5 or published as a separate document • Long Term • Create a logical model aligned with the XSB’s Abstract model for Financial Reporting • Identify various other reporting profiles, establishing guidance documents for them • Continue with logical modeling of other reporting profiles

  7. Challenges • Challenging to get large number of different ideas of taxonomy architectures under one roof • Lack of adequate volunteers to contribute to the Working Group

  8. Answers to the Challenges YOU!!!! Taxonomy

  9. Thank You! • Shweta Gupta – TAPWG Chair Chief Solutions Architect, XBRL SolutionsIRIS Business Services Ltd.shweta.gupta@irisbusiness.com • XBRL International, Inc. • Global consortium to cooperatively create a common business reporting language based on XML • Non-profit consortium of over 600 member organizations • See http://xbrl.org

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