XBRL eXtensible Business Reporting Language

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XBRL eXtensible Business Reporting Language

• Week 9 Lecture 2

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All business have to report their financial
results

• Essentially to shareholders, but also to
• Authorities and other interested parties like
• Australian Securities and Investment Corporation
• Australian Tax Office
• Investment analysts and managers
• Share brokers
• Etc
• Another problem domain is the consolidation of
  group accounts some companies have thousands of
  subsidiaries in dozens of countries
• Financial report are often different for
  different users

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XSD Schema XSL Presentation Taxonomies
XBRL standards
ASX
Company A GL
XBRL standards
ATO
Consolidated Reporting DB
External Financial Reports
ASIC
Management reports
Stock Brokers
XBRL standards
Group Management reports
Fund Managers
Company B GL
Share- holders
Management reports
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These reports must

• Meet Australian Accounting standards
• And now the International Accounting Standards
• These are complex and subject to interpretation
• So no two sets of accounts look the same
• They are often big over 300 pages Telstra
  accounts are 394 pages

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AMP Accounts
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Telstra Accounts
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Formatted accounts
XML
ltifrs-gpPropertyPlantEquipmentNet
contextRef"Current_AsOf" unitRef"U-Euros"
decimals"0"gt540000lt/ifrs-gpPropertyPlantEquipmen
tNetgt ltifrs-gpPropertyPlantEquipmentNet
contextRef"Prior_AsOf" unitRef"U-Euros"
decimals"0"gt400000lt/ifrs-gpPropertyPlantEquipmen
tNetgt
XSL
lttrgt lttd class"Label"gtProperty, Plant and
Equipmentlt/tdgt - lttd class"Value"gt
ltxslvalue-of select"format-number(/xbrlixbrl/i
frs-gpPropertyPlantEquipmentNet,',0','base')"
/gt lt/tdgt lt/trgt