download

XBRL GL Overview The HUD/FHA Pilot International Consortium on Governmental Financial Management February 1, 2006 Gianluca Garbellotto · DynAccSys XBRL GL Working Group

Agenda
XBRL GL, The Journal Taxonomy
XBRL GL and XBRL FR
The HUD/FHA Pilot
Resources

Scope and role of XBRL External Business Reporting Business Operations Internal Business Reporting Investment, Lending, Regulation Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies Economic Policymaking Central Banks XBRL GL, the Journal Taxonomy XBRL “ Financial Reporting”

Standard Payload: XBRL GL Can Represent 1. Trigger : a source document is represented electronically 2. Source Journal The document is entered and posted, creating a source journal. 3. Journal entries : The accounting implications are gathered and prepared for the GL. 4. GL Entries: the journal entries are prepared for posting to the GL. 5. Journal History: The entries are posted to the Journal History. 6. Consolidation: The data at journal entry or trial balance level are brought together. 7. Reporting: Consolidated numbers combine for eventual reporting. Posting Journal Invoice Distribution To GL Report Source Journal General Journal Transaction Posting Journal History Report Consolidating/ Consolidated

XBRL GL And XBRL FR Source Systems Internal Reporting Pipeline Reporting Accounts Payable Accounts Receivable Order Entries Purchasing Fixed Assets Human Resource Payroll Late Entries Adjustments Manual Entries Regulatory Reporting Tax Business Activity Management Benchmark & Analysis Annual(Quarterly) R eporting Financial Systems Manual Transaction Business Events Aggregation Consolidation Journalize Financial Data Mart/ Repository Decision Support Extract & Transform Monitor , Audit & Control Budgeting & Forcasting Journal Entries Sub Ledgers Business Activity Transaction Detail General Ledger Source Documents Financial Reporting xbrlInfo xbrlInclude summaryReportingElement

Modular and Reusable/Generic
Core has common elements, lays out the framework
Jurisdictional add-ons
Functional add-ons
Industry add-ons
Other add-ons
One or many types of entry groupings One or more “entries” One or more “detail lines” per entry

The Story at HUD/FHA
DynAccSys hosts one of the many legacy systems that are part of HUD/FHA’s information system: a loan and property administration system that manages AP and AR related to loan servicing, rents, expenses related to property maintenance, tax payments and fees.
In the current architecture, a data warehouse collects legacy data and feeds them to the main general ledger.
The data warehouse has two functions:
Converting entries from MSA to SGL format
Maintain the detail information: the main GL only stores summary information

Budget Reporting Business Analysis Performance INTERFACE PeopleSoft Audit Monthly Feed MLS AP/AR PMS AP/AR CSMS System of Record Rekey data for other uses Challenge: Consistent, timely, complete and accurate data Summary data out of balance with transaction detail Journal detail data Journal detail data Ongoing reconciliation The Problem… INTERFACE Data Warehouse Translates MSA GL account format to US SGL US SGL Summary Entries

Budget Reporting Business Analysis Performance Next Things MAPPING TO XBRL GL PeopleSoft Audit Daily Feed MLS AP/AR PMS AP/AR CSMS System of Record … The Solution MAPPING TO XBRL GL

XBRL GL
The use of XBRL GL as a data standard will:
Streamline the process and reduce processing time
Eliminate the need for manual data integration and manipulation
Eliminate time consuming reconciliation
Enhance the reusability of the same information across different systems and processes.

Meet downstream information and reporting requirements with transaction processing data linked to transaction engines
Accept standard information integration and electronic data to and from other internal, government-wide, or private-sector processing environments
“ One-time” data entry and reuse of transaction data to support downstream integration, interfacing, or business and reporting requirements
Be modular in design and built with reusability as an objective
What will be achieved

Resources
What’s available to review
XBRL GL 2005, an XBRL 2.1-compliant taxonomy
Where to find it
www.xbrl.org/GLFiles
Additional resources
GaLaPaGoS – GL Practices Guide for Study http://gl.iphix.net
Questions? [email_address]

Contact Information
Gianluca Garbellotto
XBRL Business Manager, DynAccSys
XBRL GL Working Group
[email_address]

download

by Timothy212 on Apr 30, 2010

Accessibility

Tags

Upload Details

Usage Rights

Statistics

download — Presentation Transcript