® xbrl gl and external reporting walter hamscher ([email protected])[email protected] vice...
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![Page 1: ® XBRL GL and External Reporting Walter Hamscher (walter@hamscher.com)walter@hamscher.com Vice Chair, XBRL International Consultant to PricewaterhouseCoopers](https://reader038.vdocuments.mx/reader038/viewer/2022110211/56649ed45503460f94be4a02/html5/thumbnails/1.jpg)
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XBRL GL and External Reporting
Walter Hamscher ([email protected])Vice Chair, XBRL InternationalConsultant to PricewaterhouseCoopers
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Or,Finding the Missing Link
Walter Hamscher ([email protected])Vice Chair, XBRL InternationalConsultant to PricewaterhouseCoopers
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Summary
The Business Reporting Supply-Chain GL for External Reporting Purposes of Internal Reporting Reporting as Pivoting Directions
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The business reporting supply-chain
ExternalFinancialReporting
BusinessOperations
InternalFinancialReporting
Investment,Lending, andRegulation
Processes
Participants
AuditorsTradingPartners
Investors
FinancialPublishersand Data
Aggregators
Regulators
Software Vendors
ManagementAccountants
Companies
XBRLXBRLXBRLXBRLXBRLXBRL
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® Strategic Framework
InternalFinancialReporting
ExternalFinancial
Reporting
InternalBusiness
OperationsReporting
ExternalBusiness
PerformanceReporting
InternalInternalExternalExternal
FinancialFinancial
OperationalOperational
Today:XML Rendering
of existing GAAPReporting Standards
Future:XML supportingStandardized
Business EventVocabularies
Near Future:XML supporting
G/L LevelInformationExchangeStandards
Far Future:XML supporting
Emerging BusinessPerformance
Metrics
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Example of a typical FCCregulatory report
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Example of same report using XML
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Relationship to other standards
External reporting to different targets
ExternalReporting
TradeExecution
InvestmentDecision Making
Regulation
InformationAggregation
XBRL US/UK GAAP Taxonomies: Capture precise business performance detail data
FIX, FIXML, IFX, OFX, FpML: Execute
decisions
RIXML, NewsML:Manage many documents
MDDL:Convey price
data
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Relationship to other Standards
Business events (buying, selling, hiring, trading) give rise to transactions that are recorded in an accounting system.
Human Resources
General Ledger
InternalReporting
Purchasing
Sales
Inter-Enterprise Business
Operations
Trading
Purpose of FIX, OFX, IFX, HR-XML, ACORD, many other standards in different industries.
Other Systems
Purpose of XBRL GL:Exclusively exchange GL
data in a comprehensive way
Purpose of OAG and OMG:Message sets cover GL
incidentally; mainly for other system-to-system interfaces
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ExternalFinancialReporting
BusinessOperations
InternalFinancialReporting
Investment,Lending, andRegulation
Processes
Participants
AuditorsTradingPartners
Investors
FinancialPublishersand Data
Aggregators
Regulators
Software VendorsSoftware Vendors
ManagementAccountants
Companies
XBRL XBRLXBRL
XBRLFinancial Statements
XBRL-GL
TheJournal
Standard
IndustrySpecific
---e.g.
ACORD
The Business Reporting Supply Chain
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Summary
The Business Reporting Supply-Chain GL for External Reporting Purposes of Internal Reporting Reporting as Pivoting Directions
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Internal Reporting: Purpose
Review past results Review forecast results Identify exception conditions Answer specific questions Inputs to further calculations/modeling Inputs to other processes
Thanks to Rob Zwiebach, Oracle Corporation
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Internal Reporting: Audience
Executive Financial Analyst LOB Manager
Thanks to Rob Zwiebach, Oracle Corporation
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Internal Reporting: Level of Detail
Corporate Line of Business Geographic Departmental
Thanks to Rob Zwiebach, Oracle Corporation
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Internal Reporting: Timeframe
Daily Weekly Monthly Quarterly Yearly Comparative Ad hoc
Thanks to Rob Zwiebach, Oracle Corporation
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Internal Reporting: Type
Static Interactive Ad hoc
Thanks to Rob Zwiebach, Oracle Corporation
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XBRL Sweet Spot
Purpose: Inputs to Further Calculations/Modeling, Input to Other Processes
Audience: Financial Analysts Level of Detail: Any Timeframe: Any Type: Static
Thanks to Rob Zwiebach, Oracle Corporation
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AnalysisReporting
NotXBRL
XBRLDoc
NotXBRL
XBRLDoc
Do Something
Mapping Mapping
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Summary
The Business Reporting Supply-Chain GL for External Reporting Purposes of Internal Reporting Reporting as Pivoting Directions
![Page 23: ® XBRL GL and External Reporting Walter Hamscher (walter@hamscher.com)walter@hamscher.com Vice Chair, XBRL International Consultant to PricewaterhouseCoopers](https://reader038.vdocuments.mx/reader038/viewer/2022110211/56649ed45503460f94be4a02/html5/thumbnails/23.jpg)
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XBRL GL instance as seen by Excel
Thanks to David Scott Stokes, IT Specialist Chartered Accountant FCA PMP MACS
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Reporting as Pivoting
Thanks to David Scott Stokes, IT Specialist Chartered Accountant FCA PMP MACS
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Summary
The Business Reporting Supply-Chain GL for External Reporting Purposes of Internal Reporting Reporting as Pivoting Directions
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BusinessUnit A
BusinessUnit B
CompanyC
CompanyD1, D2...
CompanyE
AnalystsG1, G2...
CompanyD
XBRL-GL ARLedger
XBRL-GL TrialBalances
Statements withEliminations
ConsolidatedStatements
CompanyF
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Wacoal: XBRL GL Auto Journalizing System
Copyright 2004 Hitachi
XiRUTE
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XBRLXBRLTaxonomyTaxonomy
XBRLXBRLTaxonomyTaxonomy
XBRL-GLTaxonomy
XBRLTaxonomy
CompanyCustom
Jp-commerce
Core
USK
Business
Multi-CurrencyHitachi ERP Package
GEMPLANET/Lite
XBRLOutput
XBRL-GLOutput
ERPERPPackagePackage
ERPERPPackagePackage
F/SInstance
Journal SlipInstance
Beginning BalanceInstance
XBRLXBRLInstanceInstance
XBRLXBRLInstanceInstance
Link
BalanceInstance
PresentationPresentationPresentationPresentation
FinancialAnalysis
All Rights Reserved Copyright© 2002,Hitachi,Ltd. / Hitachi Systems & Services,Ltd
GenerateGeneral Ledger
GenerateF/S
drill down
Balance Sheet
Income Statement
ROE,ROA and other financial ratio
Detail Information(Segment/Account)
Generate Presentation Information from XBRL-Taxonomy
XBRLTaxonomy
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Thanks to CaseWare IDEA
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Thanks to CaseWare IDEA
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Thanks to CaseWare IDEA
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Thanks to CaseWare IDEA
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XBRL GL and External Reporting
Walter Hamscher ([email protected])Vice Chair, XBRL InternationalConsultant to PricewaterhouseCoopers
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Summary
The Business Reporting Supply-Chain GL for External Reporting Purposes of Internal Reporting Reporting as Pivoting Directions
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Abstract(Duration: 30 minutes) Automation of the business reporting supply chain
will benefit all participants, but most of the information content of that supply chain resides inside of organizations, and only a tiny subset is released to the outside world. With the release of GL 2005, an XBRL taxonomy for recording ledger entries, we will soon have the tools in hand to accelerate the integration of disparate systems inside of companies and government agencies large and small. This talk will illustrate ways in which GL 2005 instances could be used in the preparation of external reports.