Diane Mueller

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XBRL/Seattle Internal Reporting Session
Streamlining Financial Reporting Audit
Analytics with XBRL
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Agenda

• XML _at_ Corel
• Introduction to XMetaL Platform
• Internal Reporting Today
• Fundamentals of Re-Use
• XBRL as Metadata
• Empowers content creation and re-use
• Enables content analysis

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XMetaLs History of XML Innovation
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XMetaL Products

• Corel Financial Report Console (free 30 day trial
  version available)
• Based on XMetaL Author 4.0 and XBRL Integration
  Pack for XMetaL
• Native XBRL Authoring for any level of user
• Full Instance Document Creation support
• Allows for complex Template Development and
  Deployment
• Seamlessly integrates with your existing Content
  Management Systems and XML-aware databases
• Infinitely Customizable to meet the needs of all
  levels of users within your organization!
• Corel Financial Statement Navigator (web-based)
• Based on XMetaL for ActiveX and XBRL Integration
  Pack for XMetaL 4.0
• Native XBRL Authoring for any user
• Allows for web-based data-entry via templates
• Allows for web-based editing, review, and
  analysis of XBRL instances
• Small footprint, easy to deploy and manage
• Can be delivered as a hosted solution infinitely
  customizable
• Can be private-label branded

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Corels strong Client base in Financial Services
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Visual Intelligence Products for Financial
Reporting and Analysis
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XMetaL XBRL Work Flow
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Internal Financial Reporting Today

• Everyday
• Businesses generate thousands of internal
  reports, creating mountains of paper and
  e-content,
• These mountains of data are then endlessly mined
  and analyzed by a wide variety of tools, people
  and computerized systems.
• And it is based on this information pool that
  business decisions are made.

Mountains of Information
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Internal Financial Reporting Today

• Most organizations already reuse financial
  content on a daily basis
• Internal Reports are generated by acct systems
  reporting engines
• Copy and paste it into spread sheets and
  documents
• Distributed via email with explanatory notes
• And sent to decision makers on a daily basis
• This works well until the finanical content - and
  everywhere it appears - has to be updated.

Mountains of Information
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Proprietary Data Format, Departmental Boundaries

• This content is the life blood of an organization
  getting accurate, timely content out to the
  right people at the right time is critical to an
  organizations success.
• Internal financial reporting
• Financial performance of Divisions, Subsidiaries,
  Joint Ventures determines ability to react

Cause Silos of Information occur..
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Financial Reporting
Accounting System (accumulates both financial
and managerial accounting data)
Information for decision making and control of
an organizations operations.
Published financial statements and
other financial reports.
Internal Users
External Users
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A Growing ProblemOrganizations have exploding
amounts of ever-changing financial content that
must be delivered to different audiences in
different forms
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Reduce the Cost and Time of Providing
up-to-date, personalized content to multiple
channels
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Fundamentals of XML Re-Use

• Reuse is not a new concept
• Many industries have been using XML to enable
  reuse
• Improve quality
• Increased consistency
• Reduced development and maintenance costs
• Rapid reconfiguration
• Translation

Re-New, Re-Use, Re-Cycle
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Systematic Re-Use of Financial Data

• Structured Content
• Allows Data reuse, comparability, aggregation
• Enables transparent reporting
• Allows for the use existing content components to
  develop new documents.
• Allows for planned reuse where content is
  automatically inserted

from Managing Enterprise Content (Publisher New
Riders Publishing ISBN 0735713065)
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XBRL Metadata enables Re-Use and
Analysishence Audit Tests..
Defines the technical standard for the
composition of XBRL Taxonomies
XBRL-Specification
XBRL- Taxonomy
Defines a set of data tags in a certain business
reporting area (i.e. US GAAP, IAS)
Output from tagging data using one or more
taxonomies
XBRL- Instance
XBRL- Applications
Software that uses tagged data for
presentation, analytics, etc.
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XMetaL Functionality

• Support for Any XBRL Taxonomy
• Specification 2.0 and up
• Native XBRL Word Processing
• Client end users never has to see underlying XBRL
  
• Editing and Composition of XBRL-tagged Financial
  Statements
• Industry-leading word-processing interface for
  XML
• Support for Numeric and Prose editing of XBRL
  documents
• Template Building
• One-Click Creation Data Entry templates for XBRL
  instance creation from any taxonomy
• Full Instance Document Creation
• Using presentation label linkbases
• Publishing to Html, PDF and other XML standards
  such as NewsML, RixML
• Analysis/Assurance
• Leveraging Calculation and Formula Linkbases
• Formula and Audit Test Building
• Built-in Scripting capabilities
• Integration with Web-based Interactive Graphics
• Deliver powerful web-based Scalable Vector
  Graphics
• Tied directly to XBRL data in drill-down
  interactive graphics

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Demo Time Reuse and Audit Tests

• Leveraging
• Financial Report Console
• Linkbase Technology
• Web-base Graphics
• XBRL Integration Pack
• To create new documents that can be reused
• To consume existing documents
• To review and examine XBRL content

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XMetaL product Re-Cap

• The XMetaL Platform for XBRL delivers a new set
  of tools designed to simplify the implementation
  of XML applications across the Financial
  Reporting Supply Chain
• enables anyone to create valid XML content, and
  streamlines the process of distributing
  information to the Web, print and other media.
• enables organizations to rapidly build and deploy
  XML applications that enable anyone to create
  valid XML content and streamlines the process of
  rendering and distributing information to the
  Web, print and other media.
• provides the only rich XML editing and instance
  creation solutions that support dynamic
  validation for both W3C Schemas and DTDs.

1-27-03
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Questions?
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