6-7 September 2015
A solid understanding of the basics of XBRL is essential to anyone looking to realize the benefits of structured data reporting. These courses are taught by recognized experts in the field of XBRL reporting, including how various specifications are utilized to meet business objectives, taxonomy architecture and design and the use of XBRL for different applications such as regulatory reporting, compliance, non-financial and transactional reporting.
Training courses are 2 day courses taking place on September 6 & 7, breaks and lunch are included.
*Prices do not include 25% VAT
Connecting Business and IT worlds with XBRL
XBRL Introductory Course will prepare users to understand the XBRL Specifications and will be practically orientated on how to apply XBRL Taxonomies as well as how to meet XBRL reporting requirements.
Objectives of the Course
- Explain the electronic business reporting using XBRL in a comprehensible manner
- Introduce and explain common XBRL terms
- Present differences and similarities of XBRL and XML
- Present an overview of XBRL taxonomy architecture, modeling techniques, best practices and design patterns
- Present components of instance document and how they relate to a taxonomy
- Guide through a comprehensive use case exercise comprising of development of a data model, taxonomy and its extensions, dimensional modules, instance documents, Inline XBRL and formulae
- Present a scope, architecture and comparison of world’s major taxonomies (Interoperable Taxonomy Architecture, DPM etc.)
- Present an overview of taxonomy design, development, implementation process, as well as taxonomy extension techniques
- Present an overview of XBRL implementation aspects including scenarios for filers and software functions overview
The student will be expected to bring a computer pre-loaded with trial versions of the software we will use for the hands-on portion. Upon registration, a document fully explaining how and when to load the software (trial versions should be loaded and registered close to class time due to time limitations on the trials).
Who Should Attend
Connecting Business and IT worlds with XBRL is an introductory XBRL course tailored for project managers, business analysts and IT experts with desire to expand their knowledge in eXtensible Business Reporting Language. Variety of topics and well-crafted hands-on exercises will broaden participants’ understanding of XBRL and will give a great advantage in any upcoming projects regardless the business sector (banking, insurance or capital market)
Introduction to XBRL GL for Businesses and Regulators
XBRL is best known for its taxonomies for financial statements and other purpose-specific reports. XBRL’s Global Ledger Taxonomy Framework (XBRL GL), the only XBRL taxonomy granted RECOMMENDED status by XBRL International, enables internal efficiency for businesses, and supports specific regulatory requirements while minimizing the impact of XBRL programs on regulated entities in terms of technology and resources.
In this hands-on session, we dig below the surface of regional, purpose and regulator specific taxonomies to learn about the standard, global and holistic “Building Blocks” of XBRL GL: standardized semantic building blocks captured with XBRL and capable of being assembled in different combinations to meet the representational needs of
- ERP integration, consolidation, archival and audit
- Granular regulatory reporting, for example in tax regulatory programs and where a standard chart of accounts is used to collect regulatory information.
XBRL GL is also the great reconciler, carrying generic detail directly to different reports with reconciliation between reporting requirements. Attendees will learn about the drivers for XBRL GL implementation, benefits achieved, methodologies for implementation and lessons learned in diverse environments such as global regulatory projects, intra-Government reporting initiatives, and corporate and not-for-profit information eco-systems.
Objectives of the Course
XBRL GL is a way of describing and standardizing the detailed content found in accounting, business and operational systems. While there are regional and purpose-specific file formats for accounting and tax exchange, XBRL GL is unique, both in unique features and seamlessly integrating with standardized reporting with XBRL.
- The need for standards between transaction-space and external-reporting space
- What XBRL GL is, where it fits, how it works and where it is working today
- How to implement XBRL GL – where it fits best, the steps to do so, and software that can be leveraged
Attendees will be expected to bring a computer pre-loaded with trial versions of the software we will use for the hands-on portion. Upon registration, a document fully explaining how and when to load the software (trial versions should be loaded and registered close to class time due to time limitations on the trials).
Who Should Attend
Corporations: CFOs, controllers, auditors, and accountants.
Regulators: business owners of regulatory processes where granular data is collected, and taxonomy architects.
Accounting software developers or integrators: those responsible for complying with regulatory programs based on XBRL GL in regions like Brazil and Turkey.
A basic understanding of accounting software and related files/databases and familiarity with modern computer technology is necessary.