MACPA NFP Case Study at XBRL US

  • 863 views
Uploaded on

 

More in: Business , Technology
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
No Downloads

Views

Total Views
863
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
4
Comments
1
Likes
1

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1.      XBRL  for  Nonprofit  Financials   Maryland Association of CPAs
  • 2. Maryland  AssociaHon  of  CPAs                                     • 8,500  CPA  members   • $6.5  million  budget   • 34  employees  
  • 3. What  Intrigued  us?  • Global  Ledger  • BoJom  up  approach  •  Free  the  data  • Faster  informaHon  
  • 4. Why  is  this  important  to  CPAs?  • It  will  change  how  they  work!  • Less  compiling  • More  analysis  and  interpretaHon  
  • 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. 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. Global  Ledger  Savings?  •  Difficult  to  quanHfy  •  More  detail  •  Faster  •  AutomaHon  •  Deeper  informaHon  
  • 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. 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. 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. 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. AM.Net  to  XBRL  GL      
  • 13. Dynamics  to  XBRL  GL  
  • 14. AccounHng  Data  Dynamics      
  • 15. AccounHng  Data  AMNET          
  • 16. XBRL  GL  Data  
  • 17. Excel  XML  Import  
  • 18. Financial  Scoreboard  Graph      
  • 19. Audit  Worksheet  Budget  vs.  Actual      
  • 20. Drill  Down  Internal  Statements  OperaHng  Statement  –  Excel  Pivot  Table      
  • 21. Drill  Down  Internal  Statements  2nd  Level  Detail  –  Web  Expenses  
  • 22. Drill  Down  Internal  Statements  3rd  Level  Detail  –  Web  Expense      
  • 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. 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. Consider  Global  Ledger  
  • 26. Set  Your  Data  Free!   Copyright  Paramount  Pictures  
  • 27. Thanks  to…….  •  Eric  Cohen  –  PwC  •  Mike  Willis  –  PwC  •  Tara  LeFave  –  Altova  •  Beth  O Brien  -­‐  Altova  •  Taylor  Hawes  –  Microsoc  •  Chethan  Gorur  –  Trintech  
  • 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. 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