extensible business reporting language sevilla, 17 de abril de 2008 enrique bonsón ponte...
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eXtensible Business Reporting eXtensible Business Reporting
LanguageLanguage
Sevilla, 17 de Abril de 2008
Enrique Bonsón PonteVicepresidente de XBRL EspañaCatedrático de Economía Financiera y Contabilidadde la Universidad de Huelva
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1
2
3
4
Agenda
Taxonomías XBRL
Conclusiones
XBRL
XML
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Evolution of the Internet
TechnologyInn
ova
tio
n
FTP, E-Mail,Gopher
Web Pages
TCP/IP HTML
Connectivity
Presentation
Browse the Web
Connect pre-Web
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Searching for the word “Mercury” on the Web can provide a wide variety of results—too many—such as:
Hg
Browsing the Web (Content—without Context)
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•Chemical Industry •<SYMBOL>
•Auto Industry •<CAR-MODEL>
•Publishing or Mythology
•<GOD>
•Music Industry •<RECORD-LBL>
•Aerospace Industry •<PROGRAM>
•Astronomy •<PLANET>
“Content in Context” (Industry-specific)
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Evolution of the Internet
TechnologyInn
ova
tio
n
FTP, E-Mail,Gopher
Web Pages
Web Services
TCP/IP HTML XML
Connectivity
Presentation
Automation
Browse the Web
Program the Web
Connect pre-Web
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XML• XML stands for:• eXtensible • Markup • Language
• Universally accepted method of exchanging information
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What Is XML?
• “XML is aplatform-independent,
self-describing,
expandable,
standard data exchange format”
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XML <?xml version="1.0"?><ORDER> <SOLD-TO> <PERSON> <LASTNAME>Serra</LASTNAME> <FIRSTNAME>Roberto</FIRSTNAME> </PERSON> </SOLD-TO> <SOLD-ON>20040206</SOLD-ON> <ITEM> <PRICE>15.95</PRICE> <BOOK> <TITLE>El código da Vinci</TITLE> <AUTHOR>Brown, Dan</AUTHOR> </BOOK> </ITEM></ORDER>
ORDER
SOLD-TO
PERSON
FIRSTNAME
LASTNAME
SOLD-ON
ITEM
PRICE
TITLE
AUTHOR
BOOK
Roberto
Serra
Brown, Dan
El código da Vinci
15.95
20040206
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Who defines the tags?
• Tags are defined by industry consortiums
Each industry’s standardtags are commonly referred to as a taxonomy
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XML & Data Exchange
Improves the way companies -- and applications -- share information Enjoys strong industry and vendor support
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1
2
3
4
Agenda
Taxonomías XBRL
Conclusiones
XBRL
XML
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XBRL: eXtensible Business Reporting Language Es un lenguaje de marcas basado en XML Creado por XBRL.org Para el intercambio automático de
información financiera entre aplicaciones de software en cualquier parte del mundo
Se trata de un esfuerzo global para construir “el lenguaje digital de los negocios”
A realizar por todos los participantes en la cadena de suministro de información financiera.
Http://www.xbrl.org
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Nine Years Ago …October 14, 1999
XBRL began with the idea of a single individual - Charlie Hoffman, from a
small CPA firm in a small town …
… and 13 Sponsoring Companies
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XBRL Adds Reporting to E-Commerce
BUSINESS
Investors
Aggregators
Regulators Creditors LendersTax Website
Transaction Creation
ERP G/L Packages CRM
•Orders•A/P•Delivery
Customers•Orders•A/R•Delivery
2-way2-way
Suppliers
Oneway
Oneway
XBRL
BUSINESS REPORTING
(e-)CommerceOTHER XML INITIATIVES
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XBRL Planned Specifications
ExternalFinancialReporting
BusinessOperations
InternalFinancialReporting
Investmentand Lending
AnalysisProcessesProcesses
ParticipantsParticipants
AuditorsTradingPartners
Investors
FinancialPublishersand Data
Aggregators
Regulators
XBRL for G/LJournal Entry
ReportingXBRL for
Regulatory Filings
XBRL for Financial Statements
XBRL for AuditSchedules
XBRL forTax Filings
XBRL for BusinessEvent Reporting
Software Vendors
ManagementAccountants
Companies
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XBRL: Multiples salidas - Una sola especificación
Registro yCNMV
Sitio Web
Agencia Tributaria
Banca
Informes impresos
Sistemacontable
Otras fuentes de
información
XBRL
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XBRL: Multiples salidas - Una sola especificación
CNMV
Sitio Web
Agencia Tributaria
Banca
Registro
XBRL
Inversores
Otros
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Regulatory Filings
Market Data
Assurance
Company Financials
Public
Financials
Company Financials
Competitor/Industry Financials
Financial Information Supply Chain Financial Information Supply Chain Today’s External PositionToday’s External Position
Analyst Analytical Models
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RegulatoryFilings
Market Data
Assurance
Company Financials
Public
Financials
Company Financials
Competitor/Industry Financials
Financial Supply Chain
Financial Information Intermediary Supply Chain Financial Information Intermediary Supply Chain External PositionExternal Position
Analytical Models
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XBRL documents can
be: – Prepared efficiently– Exchanged reliably– Published more easily– Analyzed quickly– Retrieved by investors
simply
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1
2
3
4
Agenda
Taxonomías XBRL
Conclusiones
XBRL
XML
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XBRL Taxonomies Equivalent to a dictionary They content all the elements to be
used within a XBRL document Global taxonomies: AR y GCD International taxonomies: IASCF-IFRS
y CRAS National-industry extensions National taxonomies: USA-GAAP,
German GAAP, Australian GAAP Industry extensions
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AR TAXONOMY Report Information int-ar:ReportInformation
Title of Accountants Report int-ar:TitleReport
Report Type int-ar:ReportType
Addressee int-ar:Addressee
Statements Covered int-ar:StatementsCovered
Balance Sheet Date int-ar:BalanceSheetDate
Income Statement Period int-ar:IncomeStatementPeriod
Statement of Comprehensive Income Period
int-ar:StatementComprehensiveIncomePeriod
Statement of Stockholder's Equity Period int-ar:StatementStockholdersEquityPeriod
Cash Flows Statement Period int-ar:CashFlowsStatementPeriod
Reporting Method int-ar:ReportingMethod
Report Date int-ar:ReportDate
Dual Date int-ar:DualDate
Date of Dual Date int-ar:DateDualDate
Dual Date Note int-ar:DualDateNote
Accounting Standards Applied int-ar:AccountingStandardsApplied
Report Body int-ar:ReportBody
Introductory Paragraph int-ar:IntroductoryParagraph
Scope Paragraph int-ar:ScopeParagraph
Opinion Paragraph int-ar:OpinionParagraph
Explanatory Paragraph int-ar:ExplanatoryParagraph
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IASCF-IFRS TAXONOMY
• Based on the IAS-IFRS bound volume
• A digital version of IAS-IFRS• Primary Financial Statements• Explanatory Disclosures and
Accounting Policies
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Taxonomía
CRAS
Taxonomía
DGI
Extensiónnacional
Extensiónsectorial
Extensiónnacionalsectorial
Extensiónpara unaempresa
DocumentoXBRL
InternationalFinancial Reporting
Standards(Taxonomía IFRS-GP)
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Banco de España
C-EBS(Comité de Supervisores
Bancarios Europeos)
CNMV(Comisión Nacional del
Mercado de Valores)
ICAC(Instituto de Contabilidady Auditoría de Cuentas)
Registradores de España
Entidades financieras españolasInformación financiera.
Entidades financieras europeasInformación sobre Riesgos
según Basilea II
Sociedades emisoras.Información financiera
Empresas españolas que emiten
cuentas anuales según PGC 1990
Personas físicas y jurídicas a identificar
SIIF(Sistema de Intercambio
de Información Financiera)
COREP(Common Solvency Ratio
Reporting Framework)
IPP(Información Pública Periódica)
PGC-1990(Plan General de Contabilidad)
DGI(Datos Generales de Identificación)
OrganismoRegulador
TaxonomíaXBRL
Entidadsupervisada
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1
2
3
4
Agenda
Taxonomías XBRL
Conclusiones
XBRL
XML
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In ConclusionIn Conclusion Adoption of XBRL will bring democratization of financial markets.
XBRL and other XML derivative languages are going to change information generation and distribution.
The information intermediation industry will have to change consequently bringing greater transparency to financial Information.