SQL Server 7.0 EBC

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XBRL Harness the Digital Power
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XBRL Decision Making in a Digital Economy

• How XBRL Will Make a Difference

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The Internet and XML

• HTTP, HTML and the Static Web
• Flat files, Data needs to be re-keyed
• XML Communicating Computer to Computer
• Dynamic Possibilities for External and Internal
  Reporting

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XBRL Primary Reporting Tool of Digital Economy

• All company data moving to digital
• XML the means of transport
• XBRL understands XML data
• Not just tagging financial statements
• Meaningful reports tied to transactions

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E-Reporting Adds Value

• Business at the Speed of Fiber
• Digital Business is Connected
• Automatic Sensing Through Intelligent agents
• Common Thread Digital Media, including XML

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SoWhy is this Important?

• Tagging financial facts transforms the
  information into digital media
• Digital information can be
• Understood by computers
• Read by humans
• Collected by software agents
• Re-positioned as a report or Web site
• Better serve the financial information user
  community

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What Is XBRL?

• Simply put Its a tagging system for financial
  data. And much more.
• Similar to the UPC codes on food in a grocery
  store
• Tags contain information about financial facts
  such as cash balances
• Can provide the basis of analysis

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XBRL Solves the Puzzle

• Using many digital data formats
• Seeing connections, sensing problems, seeking
  solutions

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Why XBRL?

• Faster Analysis of Financial Information
• Based on XML standard (ensuring platform
  interoperability)
• Digital Media For Business Analysis
  _________________________________________
• Business Reporting Language for the Future

Internal and External Reports
XBRL
Strategic Business Information
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XBRL Reports
XBRL Report
Information moves up and down in a two-way flow
X
E-commerce
M
L
Inventory Move
Labor Transaction
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E-Reporting
Digital Reports

• The natural extension to
• the e-business revolution

XBRL
Invoice
XML-enabled ERP HR CRM E-commerce Balanced Scoreca
rd
Purchase Order
XML
Journal Entry
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Digital Reporting and Analysis

• External Reporting is just the beginning.
• Transactions, transactions
• Two-way analysis

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XBRL Digital Reporting

• Investor Relations
• Investment Management
• Tax Reporting
• Regulatory Reporting
• Management and Business Reporting
• XBRL for Financial Services
• XBRL in e-Government

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Becoming an XBRL Organization

• Choose your Implementation Model
• XBRL on Top
• XBRL Inside
• XBRL Side by Side
• XBRL Online
• XBRL Primary Digital Reporting Tool

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XBRL and Digital Information Trends

• International Issues
• Financial Reporting Solutions, SA
• ISA taxonomy
• Auditing and Trust Issues
• XBRL as Digital Media
• Semantic Web

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When is XBRL Coming?

• When the market demands it through
• Regulation
• Tangible Cost Benefits
• Major players adopt, find success
• Financial supply chain savings
• Major obstacles to implementation
• Cost to get started must come down
• Educating workforce

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Industry Survey Demo Workflow
Publish to Powerpoint and the Web
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1
Coke and Pepsi file 10K
Create Chart from Analysis
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Value Added Analysis (Pivot Tables)
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EDGAR Online processes 10Ks
XBRL files transferred to Industry Survey
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Analyst receives email and starts Industry Survey
Analyst Chooses Companies
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EDGAR Online sends email notification
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Workflow

• 1. Coke files 10k
• 2. EOL process 10k
• 3. EOL sends out email
• 4. Analyst receives email
• 5. Analyst starts I/S template
• 6. Analyst chooses companies
• 7. Analyst generates raw data
• 8. Analyst creates value added analysis
• 9. Create data tables
• 10. Pop PPT
• 11. Add bullets to PPT
• 12. Publish to Web
• 13. Send out email notifications

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Where do we go from here?

• Join XBRL.org
• Learn new digital reporting methods
• Use XBRL enabled information for internal
  business
• Watch IAS for further developments

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Where do we go from here?

• Visit web.bryant.edu/xbrl
• www.xbrl.org

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XBRL Harness the Digital Power