Kurt Ramin

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Financial Reporting goes GlobalXBRL and
International Financial Reporting Standards
(IFRS) working together

• Kurt Ramin
• Chairman
• XBRL International Steering Committee

April 20, 2006, Buenos Aires
2
Business Reporting Supply Chain
XBRL Taxonomies and Extension Taxonomies (statist
ics, central banks, tax, others)
XBRL GL Journal Taxonomies
XBRL GAAP Taxonomies, IFRS-GP, US-GAAP, etc.
Business Operations
Internal Financial Reporting
External Financial Reporting
Economic Policymaking
Investment, Lending, Regulation
Processes
Investors
Financial Publishers and Data Aggregators
Entities (Public Corporations, SMEs, Public
Sector Entities)
Central Banks
Participants
Auditors
Trading Partners
Regulators
Management Accountants
Software Vendors
3
XBRL Bar codes for reporting

• ltpricegt100lt/pricegt
• ltunitgt2lt/unitgt

RFID Radio Frequency Identification
4
OrganisationWho is the key player?

• XBRL International is a not-for-profit
  consortium of approximately 450 companies and
  agencies worldwide working together to build the
  XBRL language and promote and support its
  adoption.

5
IFRS and XBRL the World is getting smaller
NO
SE
FI
NL
DE
CZ
DK
RU
PL
LU
IASB
HU
CA
SI
UK
AT
UA
IR
BE
TR
SP
US
CN
GR
FR
PT
JP
LB
KR
IT
CH
IN
MT
VZ
HK
AE
CO
SG
BR
Established Jurisdictions
AU
ZA
Provisional Jurisdictions
NZ
AR
in Construction in Project
Countries that require or permit IFRSs
Countries seeking convergence with the IASB on
pursuing adoption of IFRSs
6
The Bound Volume

• Includes the complete text of all
• IFRSs and IASs
• IFRIC and SIC Interpretations
• Framework
• Supporting documentation
• Bases for Conclusions
• Implementation Guidance
• Illustrative Examples
• Hardcopy in gt30 languages

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XBRL-enabled Software
9
Some Institutions and Organizations behind XBRL
10
...I-Metrix
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XBRL Its Unstoppable
ltQuestions/gt
ltnamegtKurt Raminlt/namegt
ltpositiongtChairman, XBRL International Steering
Committeelt/positiongt ltemailgtkramin_at_iasb.orglt/emai
lgt
XBRL Transforming Financial and
Business Reporting