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The business reporting supply chain

XBRL. XBRL. XBRL. The business reporting supply chain. Business Operations. Internal Financial Reporting. External Financial Reporting. Investment, Lending, and Regulation. Processes. Companies. Financial Publishers and Data Aggregators. Investors. Participants. Trading

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The business reporting supply chain

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  1. XBRL XBRL XBRL The business reporting supply chain Business Operations Internal Financial Reporting External Financial Reporting Investment, Lending, and Regulation Processes Companies Financial Publishers and Data Aggregators Investors Participants Trading Partners Management Accountants Auditors Regulators Software Vendors

  2. Thousands of companies release financial results quarterly The contents are not organized. The data must be re-entered into computer applications for interpretation. What if financial documents included both Content (75,044,453) and Context (¥75,044,453=net income for Q1/2001) Content and Context

  3. XML Markup: What Does it Look Like? Michael M. Miller 8080 Hill Circle Lincoln, MA 01738 +1 (617) 515-1424 Birthdate: 19 October 58 <name>Michael M. Miller</name> <address> <street>8080 Hill Circle</street> <city>Lincoln</city> <state>Massachusetts</state> <country>United States of America</country> <postcode>01738</postcode> </address> <telephone>6175151424</telephone> <birthdate>19/10/1958</birthdate> Ordinary information Metadata: Information about information

  4. Structured Content allowsData reuse, comparability, aggregation Regulatory filings Explantory text Tax Return Bank filings Document (Data with Metadata) Accounting system Website Other information sources Printed Schemas (Standard Definitions) Financials

  5. Structured Content allowsData reuse, comparability, aggregation Regulatory filings Explantory text Tax Return Bank filings XBRL Instance Accounting system Website Other information sources Printed XBRL Taxonomies Financials Investor Analytics

  6. Erstellung Qualität und Prüfung Verteilung Konsum Banken / Ver-sicherungen Berichtendes Unternehmen Börsen Behörden Medien, Presse undFinanzportale Wirtschaftsprüfer und Steuerberater Analysten /Investoren Source: XBRL Deutschland Die Supply-Chain für Finanzdaten

  7. Demo – April, 2000

  8. Raw XBRL <gaap:lb.noncur.crd numericContext="rg.cy00.jpy">-310000000.</gaap:lb.noncur.crd> <gaap:lb.noncur.crd numericContext="rg.cy00.usd">-449000.</gaap:lb.noncur.crd> <gaap:lb.noncur.crd numericContext="rg.cy01.jpy">-344000000.</gaap:lb.noncur.crd> <gaap:lb.noncur.crd numericContext="rg.cy01.usd">-499000.</gaap:lb.noncur.crd> <gaap:lb.provisions numericContext="rg.cy00.jpy">-112000000.</gaap:lb.provisions> <gaap:lb.provisions numericContext="rg.cy00.usd">-163000.</gaap:lb.provisions> <gaap:lb.provisions numericContext="rg.cy01.jpy">-212000000.</gaap:lb.provisions> <gaap:lb.provisions numericContext="rg.cy01.usd">-307000.</gaap:lb.provisions> <gaap:opc numericContext="rg.cy00.jpy">-3181000000.</gaap:opc> <gaap:opc numericContext="rg.cy00.usd">-4613000.</gaap:opc> <gaap:opc numericContext="rg.cy01.jpy">-3583000000.</gaap:opc> <gaap:opc numericContext="rg.cy01.usd">-5196000.</gaap:opc> <gaap:opc.acq numericContext="rg.cy00.jpy">0.</gaap:opc.acq> <gaap:opc.acq numericContext="rg.cy00.usd">0.</gaap:opc.acq> <gaap:opc.acq numericContext="rg.cy01.jpy">-35000000.</gaap:opc.acq> <gaap:opc.acq numericContext="rg.cy01.usd">-50000.</gaap:opc.acq> <gaap:opc.cnt numericContext="rg.cy00.jpy">411000000.</gaap:opc.cnt> <gaap:opc.cnt numericContext="rg.cy00.usd">595000.</gaap:opc.cnt> <gaap:opc.cnt numericContext="rg.cy01.jpy">337000000.</gaap:opc.cnt> <gaap:opc.cnt numericContext="rg.cy01.usd">488000.</gaap:opc.cnt> <gaap:opf numericContext="ins.cy00.jpy">157000000.</gaap:opf> <gaap:opf numericContext="ins.cy00.usd">228000.</gaap:opf> <gaap:opf numericContext="ins.cy00h1.jpy">84000.</gaap:opf> <gaap:opf numericContext="ins.cy00h2.jpy">73000.</gaap:opf> Rock Gravel Corporation Calendar Year 2001 Operating Costs According to some GAAP in Yen = 3,583 m

  9. Raw XBRL <numericContext id="rg.cy00.jpy" cwa="false" precision="4"> <entity> <identifier scheme=“Ticker">rg</identifier> </entity> <period> <startDate>2000-01-01</startDate> <endDate>2000-12-31</endDate> </period> <unit> <measure>iso4217:jpy</measure> </unit> </numericContext> Rock Gravel Corporation Period from 1 Jan 2000 to 31 Dec 2000 In Yen Precise to 4 digits

  10. The problem • From one producer to one consumer • Proprietary, custom data format for specific data is fine. • From many producers to one consumer • How does consuming party achieve consistency of formats, meanings, and methods of transmission? • From one producer to many consumers • How does the producing party avoid unnecessary preparation costs, duplications, delays and inconsistencies? • A many to many solution benefits all parties • It takes a consortium of producers, consumers, and software vendors with a free, open specification to crack this problem • XBRL International helps parties adopt its solution in the confidence that other parties will adopt it as well

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