Download - Bridging the "GAAP"
XBRL GL and IFRS Working TogetherXBRL GL and IFRS Working TogetherA Supply Chain Use CaseA Supply Chain Use Case
Josef Macdonald IASC Foundation XBRL Practice Fellow
Bartosz Ochocki IASC Foundation XBRL Team
Maciej Piechocki IASC Foundation XBRL Team
Harald Schmitt IASC Foundation XBRL Team
Bridging the “GAAP”Bridging the “GAAP”
2Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
Agenda
Introduction
Financial Reporting Supply Chain
XBRL GL & XBRL FR
Consolidation of Financial Statements
Multi-GAAP Reporting
Audit Trail/ Verifying FS
Show Case
3Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
BusinessOperationsProcessesProcesses
Internal Financial Reporting
ParticipantsAuditors
TradingPartners
InvestorsFinancial
Publishers and DataAggregators
Regulators
Software Vendors
ManagementAccountants
Entities(Public Corporations, SMEs, Public Sector Entities)
CentralBanks
ExternalFinancialReporting
Economic Policymaking
Investment,Lending,
Regulation
Financial Reporting Supply Chain
XBRL Taxonomies and Extension Taxonomies
(statistics, central banks, tax, others)
XBRL GLJournal Taxonomies
XBRLGAAP Taxonomies,
IFRS-GP, US-GAAP, etc.
4Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
XBRL GL & XBRL FR
5Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
Consolidation of Financial Statements
XBRL GL
XBRL GL
XBRL GL
SubsidiariesAIS
HoldingAIS
IFRS GP
External Systems(external
data collectors)
XBRL GL
6Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
Multi-GAAP Reporting
IFRS GP
XBRL FR
XBRL FR
XBRL GL
Reporting System
External Systems(external
data collectors)
Tax FS
…
Holding
XBRL GL
7Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
Audit Trail/ Verifying FS
XBRL GL
XBRL GL
XBRL GL
Subsidiaries HoldingAudit Platform
IFRS GP
AuditorSystem
8Bridging the ‘GAAP’ - XBRL GL and IFRS Working Together
SubsidiariesAIS
SubsidiariesReporting Systems
GL
GL
GL
HoldingAIS
HoldingReporting
System
GL
GL
FR
FR
FR
Other Holding Systems
Decision Support
BusinessIntelligence
Databases
GL GLGL
Other Subsidiaries’ Systems
Decision Support
BusinessIntelligence
Databases
GL GLGL
ExternalSystems
(authorities)
FR
FR
FR
IFRS
Tax
Local GAAP
ExternalSystems
(authorities) IFRS Tax Local GAAP
FR
FR
FR
GLInfor-
mation
Inte
rnal
A
ud
it
Inte
rnal
A
ud
it
Ext
ern
alA
ud
it
ExternalAudit
Summary
GL
GL
Presented by the IASC Foundation XBRL Team