MACPA NFP Case Study at XBRL US

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MACPA NFP Case Study at XBRL US

  1. 1.      XBRL  for  Nonprofit  Financials   Maryland Association of CPAs
  2. 2. Maryland  AssociaHon  of  CPAs                                     • 8,500  CPA  members   • $6.5  million  budget   • 34  employees  
  3. 3. What  Intrigued  us?  • Global  Ledger  • BoJom  up  approach  •  Free  the  data  • Faster  informaHon  
  4. 4. Why  is  this  important  to  CPAs?  • It  will  change  how  they  work!  • Less  compiling  • More  analysis  and  interpretaHon  
  5. 5. IniHal  work  on  XBRL  •  Mapping  was  a  challenge  •  Non-­‐Profits  need  their  own  taxonomy  •  XBRL  would  be  beneficial  in  the  non-­‐ profit  community  
  6. 6. Recent  XBRL  work…...  •  Tagged  at  the  transacHon  level  •  Tagged  our  membership  database  &   Dynamics  •  Pulled  from  both  to  populate  reports  •  Drill  down  capability  •  Faster  informaHon  
  7. 7. Global  Ledger  Savings?  •  Difficult  to  quanHfy  •  More  detail  •  Faster  •  AutomaHon  •  Deeper  informaHon  
  8. 8. Technical  Overview  •  Map  accounHng  data  to  XBRL  Global  Ledger   Taxonomy  •  Use  Dynamics  and  Am.Net  •  Use  Excel  data  import  for  KPI  analysis,  other  apps  •  UHlize  Global  Ledger  data  to  automate  internal   financial  reporHng  process  –  KPIs,  Audit,  Freedom   of  Data  
  9. 9. MACPA s  AccounHng  System  •  Membership  database  –   •  Microsoc  Dynamics   AM.Net   –  Accruals   –  A/R   –  Budgets   –  A/P   –  FRX  Reports   –  Event  Data     –  No  Accruals  accounted  for   in  reports  
  10. 10. Disconnects/Fix  •  AccounHng  Systems   •  XBRL  Global  Ledger!   Don t  talk  to  each  other   •  AlternaHve  soluHon:  •  Staff  require  different   –  Give  Dynamics  and  Am.Net   data  sets   an  UlHmatum:  Stop   ignoring  each  other  or  we  •  Are  the  numbers  right  –   are  switching  to   manual  process  response   QuickBooks  unHl  they  start   behaving.  
  11. 11. Mapping  •  Altova  Mapforce  •  IdenHfy  correct  informaHon  –  tables  in  DB  •  Use  SQL  to  retrieve  relevant  data  •  AccounHng  Data  to  XBRL  GL  Taxonomy  •  Process  XBRL  GL  Data  using  SQL  •  Create  batch  files  to  update  instance  documents  
  12. 12. AM.Net  to  XBRL  GL      
  13. 13. Dynamics  to  XBRL  GL  
  14. 14. AccounHng  Data  Dynamics      
  15. 15. AccounHng  Data  AMNET          
  16. 16. XBRL  GL  Data  
  17. 17. Excel  XML  Import  
  18. 18. Financial  Scoreboard  Graph      
  19. 19. Audit  Worksheet  Budget  vs.  Actual      
  20. 20. Drill  Down  Internal  Statements  OperaHng  Statement  –  Excel  Pivot  Table      
  21. 21. Drill  Down  Internal  Statements  2nd  Level  Detail  –  Web  Expenses  
  22. 22. Drill  Down  Internal  Statements  3rd  Level  Detail  –  Web  Expense      
  23. 23. Global  Ledger  Benefits?  •  Faster  movement  of  data  •  Reduced  manual  effort  •  ReducHon  of  errors  •  Comparability  across  other  organizaHons  •  Deeper  analysis   –  TransacHon  level  detail  availability   –  Annual,  Quarterly,  Monthly  for  past  11  years  of  data  
  24. 24. Where  are  we  going?  •  Non-­‐profit  taxonomy  •  Graphic  representaHon  •  Form  990  populaHon  •  SBR  in  Maryland?  •  Direct  Cash  Flow  Statement  -­‐  With  drill  down  •  Salesforce.com  •  Sharing  data  
  25. 25. Consider  Global  Ledger  
  26. 26. Set  Your  Data  Free!   Copyright  Paramount  Pictures  
  27. 27. Thanks  to…….  •  Eric  Cohen  –  PwC  •  Mike  Willis  –  PwC  •  Tara  LeFave  –  Altova  •  Beth  O Brien  -­‐  Altova  •  Taylor  Hawes  –  Microsoc  •  Chethan  Gorur  –  Trintech  
  28. 28. More  XBRL  resources  from  MACPA  •  Our  blog  CPA  Success   –  hJp://www.cpasuccess.com/XBRL  •  Our  podcasts   –  hJp://www.macpa.org  •  Our  XBRL  webcasts  in  our  learning    center   –  hJp://www.macpa.org/Content/23333.aspx  •  Case  study  on-­‐line     hJp://www.cpasuccess.com/2011/06/macpa-­‐and-­‐xbrl-­‐a-­‐ small-­‐biz-­‐case-­‐study.html  
  29. 29. Contact  info………  •  Skip  Falatko   •  Thomas  Hood  •  skip@macpa.org   •  jh55424@gulls.salisbury.edu  •  Linkedin  hJp:// •  Linkedin www.linkedin.com/pub/skip-­‐ hJp://www.linkedin.com/pub/ falatko/4/14b/332   thomas-­‐hood/17/76a/5a1  
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