logging in or signing up XBRL and Financial Reporting SLA 2007Louise Rinald Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 398 Category: Education License: All Rights Reserved Like it (1) Dislike it (0) Added: March 14, 2008 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript XBRL and Financial Reporting: XBRL and Financial Reporting SLA - Investment Services Section and College & University Business Libraries (CUBL) Section June 5, 2007Today’s Overview: Today’s Overview What is XBRL? The SEC and XBRL XBRL in Use The FutureWhat is XBRL?: What is XBRL? eXtensible Business Reporting Language Metadata for financial statements Based on approved taxonomiesUsing XBRL Data: Using XBRL DataXBRL International: XBRL International Non-profit consortium of over 2000 accounting firms, corporations, government entities, academic institutions Facilitated by American Institute of Certified Public Accountants (AICPA) Promotes the development and use of XBRLSEC’s Standard Setting: SEC’s Standard Setting $ 54 Million to improve EDGAR Complete taxonomies for all industries by September 2007 Build improved analytical tools Mandate filing with XBRLThe SEC Program Today: The SEC Program Today Voluntary XBRL Filing Program originally 17, now 30 companies Executive compensation data tagged beginning 2Q, 2007 SEC Voluntary Filing Program: SEC Voluntary Filing Program 3M Company Anadarko Petroleum Automatic Data Processing Altria Group, Inc. Bowne & Co. Inc. Brazilian Petroleum Corp. Bristol-Myers Squibb Comcast Corporation Commonwealth Edison Crystal International Travel Group, Inc. The Dow Chemical Company EDGAR Online Inc. Exelon Corporation Exelon Generation Co Fastenal Co. Ford Motor Company Ford Motor Credit Company General Electric Company Gol Intelligent Airlines, Inc. Infosys Technologies Microsoft Corporation Old Mutual Capital, Inc. PECO Energy Company PepsiCo, Inc. Pfizer, Inc. R.R. Donnelley & Sons South Financial Group, Inc. United Technologies Xerox Corporation XM Satellite Radio Holdings SEC Financial Report Viewer: SEC Financial Report ViewerThe FFIEC Program: The FFIEC Program FFIEC requires quarterly Call Reports filed in XBRL (October 2005) Over 8,200 banks report to Central Data Depository at www.FFIEC.gov/FIND/ Validation and accuracy improved Investment Company Institute : Investment Company Institute XBRL taxonomy for Risk/Return Summary (N-1A) (released January 2007) Proposal to join the SEC’s voluntary filing program (submitted March 2007)XBRL Around the World: XBRL Around the World Taxonomy Development US GAAP IFRS (International Financial Reporting Standards) COREP (Common Reporting) National “GAAP” Complete in Japan, Germany, Korea & Sweden; Under development in Canada, China, Ireland, New Zealand, Spain, Thailand & UKXBRL Pilot Programs: XBRL Pilot ProgramsCanadian Securities Administrators: Canadian Securities Administrators Voluntary filing program to start May 2007 Uses Canadian GAAP taxonomy XBRL Canada Blog at http://www.zorba.ca/xbrlblog.htmlOther XBRL Users: Other XBRL Users EDGAR Online I-Metrix Earnings Releases Sustainability Reports – GRI – G3 Tax Returns – UK-HMRC and Dutch Tax Authority The Future: The Future Change in marketplace for SEC based fundamental data More accurate, broader, more effective and less expensive research coverage Gartner, September 28, 2006Steps for Librarians: Steps for Librarians Keep abreast of SEC moves Test free XBRL tools Talk to your data vendorsThank You: Thank You Louise Klusek, Assistant Professor, Newman Library, Baruch College, City University of New York Louise_klusek@baruch.cuny.edu You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.