1. XBRL: The What, Why and Who
April 22, 2009
Charlie Hoffman Steve Levine
charlie.hoffman@ubmatrix.com steve.levine@ubmatrix.com
UBmatrix
www.ubmatrix.com
www ubmatrix com
Copyright © 2009 UBmatrix, Inc.

2. Presenters
Charlie Hoffman
Director of Innovation Solutions at UBmatrix; CPA, MBA, Co-architect of the US
GAAP Taxonomy for financial reporting and member of the taxonomy creation
team; Former Price Waterhouse auditor; Received the AICPA's Innovation User
of Technology Award; Graduate of Pacific Lutheran; Author of many white papers
and publications including quot;Financial Reporting Using XBRLquot;, quot;XBRL Essentialsquot;,
quot;Hitchhiker's Guide to the IFRS-GP Taxonomyquot;.
Steve Levine
Steve is responsible for marketing and product management at UBmatrix. Most
recently, Steve was the VP of Marketing at Cassatt Corp. Previously he was VP
of Product Marketing at Oracle responsible for Oracle Collaboration Suite. Steve
has held product marketing sales and business development positions at high
product, marketing,
tech companies including Symantec, Tektronix and ParcPlace Systems. Steve
has B.S. Computer Science from Southern Methodist University.
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3. Agenda
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• What is XBRL?
• Why is XBRL different than XML?
• Who is using XBRL?
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4. What is XBRL?
• eXtensible Business Reporting Language
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• A freely available open global standard for
exchanging information
• Computer consumable business information
• An XML-based language
• A mandate from regulators across the world
• AS
Semantic Web metadata format
ti W b tdt f t
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5. XBRL Fundamentals
• XBRL is language that lets you build reports /
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exchange information
• To exchange information using XBRL you need
both an instance document & taxonomy
– Instance Document – Taxonomy
“Just the facts” “Dictionary of concepts +”
• Facts • Concepts
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• Concept • Resources
• Value • Relations
• Context
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6. XBRL Fundamentals
• Instance Document
– Contains Facts only
– Easy to exchange and consume
– Data separated from schema
<gaap:NetIncomeOrLoss
gp
contextRef=quot;Period-2009quot;
unitRef=quot;US-Dollarsquot;
decimals INF >9000000</gaap:
decimals=quot;INFquot;>9000000</gaap: NetIncomeOrLoss>
<us-gaap:IncomeTaxExpenseBenefit decimals=quot;-6quot; contextRef=quot;D-2008quot;
unitRef=quot;USDquot;>4381000000</us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxExpenseBenefit decimals=quot;-6quot; contextRef=quot;D-2007quot;
unitRef=quot;USDquot;>4071000000</us-gaap:IncomeTaxExpenseBenefit>
<us-gaap:IncomeTaxExpenseBenefit decimals=quot;-6quot; contextRef=quot;D-2006quot;
unitRef=quot;USDquot;>3901000000</us-gaap:IncomeTaxExpenseBenefit>
gp p
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7. XBRL Fundamentals
Example Available
• Taxonomy
y Taxonomies
• Concepts (XBRL Schema) • US-GAAP
• IFRS
• Resources (XBRL Linkbases)
• CO/FINREP
• Labels
• GL
• References • CSR
• Formulas • Risk/Return
• Relations (XBRL Linkbases)
• Presentation
• Calculation
<element
• Definition
name=quot;NetIncomeOrLoss quot;
type=quot;xbrli:monetaryItemTypequot;
yp y yp
substitutionGroup=quot;xbrli:itemquot;
xbrli:periodType=quot;durationquot;
xbrli:balance credit >
xbrli:balance=quot;creditquot;>
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8. XBRL Fundamentals
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9. XBRL Fundamentals
Presentation
Current Assets
Cash & Cash Equivalents
Short Term Investments
References
Label
GAAP I.2.(a)
現金及び現金等価物
Instructions
Ad Hoc disclosures
XBRL
XML
Fact
Item
Calculation
Formulas
Cash = Currency +
Cash ≥ 0
Deposits
Contexts
US $
FY2004
Budgeted
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10. XBRL Fundamentals
• Extending Taxonomies
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– Discoverable Taxonomy Set (adding to base taxonomy)
– Add or prohibit use of concepts, labels, calculations, etc…
– Definition linkbase
• XBRL 2.1 Family of Specifications
– XBRL 2.1 (recommendation adopted)
– Dimensions (recommendation adopted)
– Formulas (proposed recommendation)
– Rendering (candidate recommendation)
– Versioning (p
g (public working draft)
g )
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11. XBRL Fundamentals
• XBRL – one of the more successful Semantic
Web metadata format
Web 1.0 Web 3.0
Information Information
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12. Why is XBRL different that XML?
y
• XBRL is XML
• XBRL expresses semantics
• XBRL enables validation of semantics
• XBRL expresses multiple hierarchies of
relationships
• XBRL provides organized, prescriptive
extensibility
• XBRL enables intelligent connections to
information
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13. XBRL is XML
• XBRL documents, concepts & relations
, p
are expressed in XML
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14. XBRL expresses semantics
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• XML articulates only syntax
yy
• XBRL expresses semantics / meaning
thru Calculations Formulas Labels, etc
Calculations, Formulas, Labels
XBRL enables validation of semantics
bl lid ti f ti
• Automated processing of XBRL
documents
• Expressed in the taxonomy, not hard
coded in the application
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15. XBRL expresses multiple hierarchies
of relationships
• Separating definition of concepts from relations
p g p
allow definition of various semantic content thru
multiple linkbases
XBRL provides organized, prescriptive
extensibility
• Taxonomies can be explicitly extended by
leveraging base taxonomy
• Define new semantics without recoding
the application
• Maintains
M i t i comparability at the base
bilit t th b
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16. XBRL enables intelligent connections
to information
Business
Information
Provider
Business
Information
If ti
Consumer
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17. Who is using XBRL?
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http:www.xbrlplanet.org
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18. Who is using XBRL?
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• Securities Exchanges and
Regulators
• Banking Supervisors
• Standard Business Reporting
• Information Hubs
Page 18

19. Securities Exchanges and Regulators
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• Example: US SEC
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– 10-Q & 10-K financials and associated notes & disclosures
– US GAAP Taxonomy
– Beginning this June (top 500 filers)
– Also mutual funds and NRSROs (other taxonomies)
– htt //
http://www.sec.gov/spotlight/xbrl.shtml
/ tli ht/ b l ht l
• Example: Japan FSA
– EDINET (Electronic Disclosure for Investors' NETwork)
– Taxonomy based on Japan GAAP
–L
Launched S i 2008 (5 000 companies, 3 000 f d )
h d Spring (5,000 i 3,000 funds)
– http://www.fsa.go.jp/en/news/2008/20080317.html
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20. Banking Supervisors
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• Example: US FFIEC / US FDIC
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– 8,000 banks reporting 3,000 elements quarterly
– Call Report Taxonomy includes business rules
– Went live 2005
– http://www.ffiec.gov/find/callreportdata.htm
• Example: Bank of France (Central Bank)
– 630 banks reporting average of 12,000 elements semi-annually
– COREP / FINREP Taxonomy for Basel II info
– Went live 2007
– htt //
http://www.banque-
b
france.fr/fr/supervi/supervi_banc/reporting/reporting.htm
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21. Standard Business Reporting
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• Example: Netherland Standard Business
p
Reporting Programme (aka NTP)
– Target to reduce administrative burden of reporting by 25%
– Focused on reporting of taxes, accounts & economic statistics
– Project started in 2004
–C
Currently 3rd version of the taxonomy
tl i f th t
– http://www.xbrl-ntp.nl/english
• Example: A t li SBR
E l Australia
– SBR is expected to save Australian businesses $795 million
per year on an ongoing basis
– Project started in 2006
– Go Live in 2010
– http://www.sbr.gov.au/content/default.htm
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22. Information Hubs
• Example: Microfinance Information
p
Exchange
– Information exchange between about 100 sources of
capital and hundreds of MFIs
it l d h d d f MFI
– 2 Bottom Line (Financial & Social Impact) Taxonomy
– Went live in 2007
– http://www.themix.org/standards/technology
• Example: Wacoal
– Internal consolidation of 32 legacy systems
– Used XBRL-GL Taxonomy
XBRL GL
– Went live 2003
– http://www.xbrl.org/nmpxbrl.aspx?id=90
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23. UBmatrix
• Leading provider of XBRL software
gp
– XBRL processing engine
– Enterprise Application Suite
– XBRL Database Adaptor (XBRL-DB)
– Report Builder
– Taxonomy Designer
• Customers include the largest XBRL
production systems
– Keane (SEC prime contractor)
– FDIC
– Banque de France
– Microfinance Information Exchange
• www.ubmatrix.com
b i
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24. Where to Learn More
• Charlie’s Blog
– http://xbrl.squarespace.com
• Learn More about XBRL
– http://www.ubmatrix.com/company/learn.htm
• Case Studies
– http://www.ubmatrix.com/casestudies
• XBRL International
– http://www.xbrl.org
• XBRL US
– http://www.xbrl.us
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25. XBRL: The What, Why and Who
April 22, 2009
Charlie Hoffman Steve Levine
charlie.hoffman@ubmatrix.com steve.levine@ubmatrix.com
UBmatrix
www.ubmatrix.com
www ubmatrix com
Copyright © 2009 UBmatrix, Inc.