This slide-cast is for ACC626 about extensible business reporting language. The aim of this slide-cast is to talk about XBRL and the issues associated with it from a professional practice perspective.
This document outlines the research methodology for a study comparing equity schemes from different asset management companies. The primary objectives are to compare different equity schemes on factors that influence investors, and returns over the last 5 years from 3 AMCs. Secondary objectives are to understand why investors choose equity schemes over stock markets and what influences their choice of asset management company. The scope is limited to Baroda city. Data collection involves primary sources like observations and interviews, and secondary sources like websites, reports, and past research. A sample of 9 equity schemes from 3 AMCs is analyzed using charts, graphs and statistical tools. Limitations include a limited geographic area, small sample size, and potential for personal bias.
Doyle Transportation: Delivering Peace of Mindmyitguy
Doyle Transportation offers more than reliable, on time, expedite, less than truck services, we also offer freight consolidation, warehouse and distribution.
Doyle Transportation gives peace of mind knowing your product arrives intact and on time.
This document provides three codes for becoming a marketing rockstar: 1) invent your own media like magazines, newsletters, or social media channels, 2) associate yourself with famous people through joint events or co-authoring, and 3) create a path for customers and always offer an upsell. It encourages the reader to call the provided phone number to learn more about becoming a successful rockstar marketer.
The document provides an overview of XBRL (eXtensible Business Reporting Language) including its definition, how it works, benefits, and the SEC mandate requiring public companies to tag their financial reports in XBRL format. It discusses the SEC timeline, reporting requirements, and lessons learned from the first few years of the mandate. It also outlines options for companies to outsource their XBRL implementation or do it in-house, and the key considerations for each approach.
Updated 2012 IBM Cognos FSR Presentation.pptxroccocarducci
The document provides instructions for using a presentation deck about FSR (Financial Statement Repository). It notes that the deck contains multiple FSR presentations that can be used a la carte depending on the audience and opportunity. It instructs the reader to qualify each meeting agenda to determine if the prospects are looking for integrated SEC reporting, enterprise disclosure management, automation around Excel processes, GAAP to IFRS transition, or a combination. Depending on the agenda, the relevant slides should be added to create a customized presentation. The document also highlights some generic base slides that can be used for most presentations and provides an overview of how to use the deck.
XBRL reporting is becoming a norm rather than an exception for a lot of companies. This document introduces XBRL, how it is enabled and works in 11i and R12 and how it can be viewed. This standardized powerful reporting option is a must-know for all users supporting financial users.
1) XBRL (eXtensible Business Reporting Language) is a common global standard for exchanging business information that allows for the automated exchange and reliable extraction of financial information across all software formats and technologies.
2) XBRL reduces costs and enables quick information analysis by allowing tagged financial information to be transmitted in many formats and deployed with various analytical tools for users such as investors, financial publishers, auditors, regulators, and management.
3) XBRL works by defining a taxonomy or structure for financial data, then creating instance documents that tag financial statements and reports with that taxonomy so they can be read and analyzed by any software application using the same taxonomy definitions.
XBRL (eXtensible Business Reporting Language) is a standard for electronic communication of business and financial data that addresses issues with traditional manual financial reporting processes. It allows companies to produce reports more quickly and accurately according to a common global standard. XBRL works by applying standardized "tags" to each item in a financial report to identify what it represents and how it relates to other items, like barcodes. This allows for faster and more efficient retrieval and comparison of financial data.
This document outlines the research methodology for a study comparing equity schemes from different asset management companies. The primary objectives are to compare different equity schemes on factors that influence investors, and returns over the last 5 years from 3 AMCs. Secondary objectives are to understand why investors choose equity schemes over stock markets and what influences their choice of asset management company. The scope is limited to Baroda city. Data collection involves primary sources like observations and interviews, and secondary sources like websites, reports, and past research. A sample of 9 equity schemes from 3 AMCs is analyzed using charts, graphs and statistical tools. Limitations include a limited geographic area, small sample size, and potential for personal bias.
Doyle Transportation: Delivering Peace of Mindmyitguy
Doyle Transportation offers more than reliable, on time, expedite, less than truck services, we also offer freight consolidation, warehouse and distribution.
Doyle Transportation gives peace of mind knowing your product arrives intact and on time.
This document provides three codes for becoming a marketing rockstar: 1) invent your own media like magazines, newsletters, or social media channels, 2) associate yourself with famous people through joint events or co-authoring, and 3) create a path for customers and always offer an upsell. It encourages the reader to call the provided phone number to learn more about becoming a successful rockstar marketer.
The document provides an overview of XBRL (eXtensible Business Reporting Language) including its definition, how it works, benefits, and the SEC mandate requiring public companies to tag their financial reports in XBRL format. It discusses the SEC timeline, reporting requirements, and lessons learned from the first few years of the mandate. It also outlines options for companies to outsource their XBRL implementation or do it in-house, and the key considerations for each approach.
Updated 2012 IBM Cognos FSR Presentation.pptxroccocarducci
The document provides instructions for using a presentation deck about FSR (Financial Statement Repository). It notes that the deck contains multiple FSR presentations that can be used a la carte depending on the audience and opportunity. It instructs the reader to qualify each meeting agenda to determine if the prospects are looking for integrated SEC reporting, enterprise disclosure management, automation around Excel processes, GAAP to IFRS transition, or a combination. Depending on the agenda, the relevant slides should be added to create a customized presentation. The document also highlights some generic base slides that can be used for most presentations and provides an overview of how to use the deck.
XBRL reporting is becoming a norm rather than an exception for a lot of companies. This document introduces XBRL, how it is enabled and works in 11i and R12 and how it can be viewed. This standardized powerful reporting option is a must-know for all users supporting financial users.
1) XBRL (eXtensible Business Reporting Language) is a common global standard for exchanging business information that allows for the automated exchange and reliable extraction of financial information across all software formats and technologies.
2) XBRL reduces costs and enables quick information analysis by allowing tagged financial information to be transmitted in many formats and deployed with various analytical tools for users such as investors, financial publishers, auditors, regulators, and management.
3) XBRL works by defining a taxonomy or structure for financial data, then creating instance documents that tag financial statements and reports with that taxonomy so they can be read and analyzed by any software application using the same taxonomy definitions.
XBRL (eXtensible Business Reporting Language) is a standard for electronic communication of business and financial data that addresses issues with traditional manual financial reporting processes. It allows companies to produce reports more quickly and accurately according to a common global standard. XBRL works by applying standardized "tags" to each item in a financial report to identify what it represents and how it relates to other items, like barcodes. This allows for faster and more efficient retrieval and comparison of financial data.
XBRL (eXtensible Business Reporting Language) is a freely available electronic language for financial reporting that provides an XML-based framework for creating, exchanging, and analyzing financial information. It allows companies to prepare financial statements digitally so that information can be rendered in multiple formats like printed reports, websites, and regulatory filings without reentry of data. The benefits of XBRL include more efficient financial reporting, automated analysis of data, and lower costs of preparing and distributing financial information.
This document provides an introduction to using XBRL (eXtensible Business Reporting Language) for financial reporting according to International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (US GAAP). It explains what XBRL is, how it works, and the benefits it provides for the exchange of financial information. The document also outlines the contents of the book and conventions that will be used.
Xbrl The Future Of Financial And Business Reporting Presented By Liv Apneseth...Workiva
The document discusses XBRL (eXtensible Business Reporting Language), including:
1) XBRL allows for standardized electronic communication of business and financial data through defined taxonomies and metadata tags, making reporting more efficient.
2) Projects implementing XBRL in Macedonia and Nevada aim to reduce costs and risks for public institutions and businesses.
3) XBRL provides benefits like preventing errors, easier data analysis, and more accurate corporate reporting.
This document discusses comparability issues that arise from the use of XBRL taxonomy extensions and potential solutions using Semantic Web technologies. It summarizes views from different stakeholders and experiences. Taxonomy extensions can help provide more precise disclosures but reduce comparability. Potential Semantic Web solutions include using folksonomies to allow user ratings and establishing trust in extensions. The document proposes a proof of concept using RDF, XBRL and SPARQL to create a data quality heat map for more transparency.
Xbrl Ireland XBRL Update Dealing with Mandatory ReportingConor O'Kelly
XBRL is a data standard that standardizes company-specific financial reporting terminology and allows comparison of financial statements across companies and reporting periods. It provides more timely access to and analysis of financial data but does not check the accuracy of financial statements or ensure compliance. Key challenges to adoption include developing a clear business case, establishing political will and ownership over taxonomy development and maintenance, standardizing reporting obligations, and addressing the learning curve for taxonomy development and mapping. Lessons from early adopters emphasize establishing a project team, training, reviewing reporting guidelines, and undertaking test mappings and reports.
This document provides an introduction to XBRL, including:
- The structure of the lesson, which covers theory, a status update, and more theory.
- XBRL is not new technology, but specifying it for financial reporting is new. Its adoption has been slower than expected.
- XBRL relates to areas like business process management, business process reengineering, culture/change management, finance, and auditing.
- It defines XBRL as an XML-based language for exchanging business information in a standardized way.
Cartesis whitepaper xbrl bob eccles _liv watson copyWorkiva
This document discusses how the eXtensible Business Reporting Language (XBRL) is driving enhanced business reporting. XBRL allows companies to prepare, publish and share financial and business information in a standardized, digital format. It helps close gaps in reporting completeness and quality. While adoption of XBRL is growing, its benefits require a performance management system and may not provide an immediate return on investment. As a global standard, XBRL aims to improve transparency in financial reporting.
XBRL and the MACPA - Summit PresentationThomas Hood
Slides of a presentation given by myself and Skip Falatko of the MACPA. This presentation covers what XBRL is in broad terms as well as an in-depth look at how the MACPA is using XBRL to improve internal efficiencies as well as extend the U.S GAAP FR Taxonomy.
The document discusses how XBRL (Extensible Business Reporting Language) can improve financial reporting by allowing financial data to be tagged and exchanged in a standardized, machine-readable format. It outlines how XBRL reduces costs and improves efficiency of financial analysis by enabling automated extraction and comparison of financial data. The SEC now mandates public companies to submit financial reports in XBRL format.
XBRL stands for eXtensible Business Reporting Language. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and on the internet.
XBRL is a business reporting standard that uses XML tags to standardize business reporting information. It was created to address issues with existing financial reporting processes, such as duplicated validation efforts and errors from manual data handling. XBRL works by defining concepts like assets and income that make up taxonomies for reporting specific data. It features integration with regulatory agencies, import/export from Excel, automated calculations, and audit trails to support financial statements. Adopting XBRL provides benefits like consistent global standards for electronic business reporting.
Measuring the ROI of choosing Flex for Enterprise RIAsRaffaele Mannella
This document discusses how to estimate the return on investment (ROI) of adopting Flex for developing enterprise rich internet applications (RIAs). It provides an example ROI calculation for a Flex banking application that saves time over a previous Oracle Forms application. The calculation shows a project cost of €6 million, annual savings of €7.88 million, and a 2-year ROI of 163%. The document also discusses how Flex can impact both the benefits and costs in an ROI calculation by enabling better user experiences and cross-browser compatibility.
XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data that provides benefits of cost savings, efficiency and improved accuracy. It applies to listed companies in India with a market capitalization over $5 billion. XBRL was developed in 1998 and its use became mandatory for US public companies in 2011. It can format both financial and non-financial data using unique tags and has benefits like better analysis, cost savings, and avoiding manual data entry. Taxonomies define reporting elements and their relationships, and companies generate valid XBRL documents by mapping their reports to the taxonomy elements.
The document discusses XBRL (eXtensible Business Reporting Language), which is an interactive data format used to tag financial statements for easier analysis. It outlines what XBRL is, key terms, SEC requirements, best practices for tagging, the tagging process, validation checks, and deliverables. Vintage Filings provides full-service XBRL tagging and filing services to help companies comply with SEC mandates in a cost-effective manner.
This document summarizes a presentation on experience and best practices from international XBRL case studies. The presentation covers the history and background of XBRL, a new era of regulatory reporting and compliance using technologies like RegTech and XBRL, and lessons learned and best practices. Key takeaways include that regulatory compliance costs are growing due to increasing complexity, technologies can help reduce these costs through more efficient reporting, and data standards are needed for the digital transformation of regulatory reporting.
Embracing change to reduce cost and delay whilst improving quality. How Hyperion Data Relationship Management (DRM) can become your change management platform. Tuesday August 17th, 2010 12:00pm
The document discusses the Office of Information Technology (OIT) budget operation for the End of Fiscal Year Deadline (EOFD). It begins by listing questions to consider regarding the budget process, milestones, cost drivers, and strategies for cost containment. It then provides details on the budget cycle, including dealing with unfunded requests. The document outlines how the business process for OIT budgeting has changed over time, and discusses problems encountered. It also reviews cost cutting strategies for the chief information officer and potential business drivers that increase costs. Finally, it discusses prospects for the fiscal year 2012 budget and beyond.
This document discusses XBRL (eXtensible Business Reporting Language) and its role in Solvency II reporting for insurance undertakings. It provides an overview of XBRL basics, how XBRL fits into the reporting process and timeline, and the challenges of integrating XBRL into an organization's reporting systems and processes. While XBRL implementation presents governance, process, and technical challenges, the document emphasizes that structured, validated XBRL data can deliver added benefits like improved data quality and enabling additional internal reporting and analytics.
XBRL (eXtensible Business Reporting Language) is a freely available electronic language for financial reporting that provides an XML-based framework for creating, exchanging, and analyzing financial information. It allows companies to prepare financial statements digitally so that information can be rendered in multiple formats like printed reports, websites, and regulatory filings without reentry of data. The benefits of XBRL include more efficient financial reporting, automated analysis of data, and lower costs of preparing and distributing financial information.
This document provides an introduction to using XBRL (eXtensible Business Reporting Language) for financial reporting according to International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (US GAAP). It explains what XBRL is, how it works, and the benefits it provides for the exchange of financial information. The document also outlines the contents of the book and conventions that will be used.
Xbrl The Future Of Financial And Business Reporting Presented By Liv Apneseth...Workiva
The document discusses XBRL (eXtensible Business Reporting Language), including:
1) XBRL allows for standardized electronic communication of business and financial data through defined taxonomies and metadata tags, making reporting more efficient.
2) Projects implementing XBRL in Macedonia and Nevada aim to reduce costs and risks for public institutions and businesses.
3) XBRL provides benefits like preventing errors, easier data analysis, and more accurate corporate reporting.
This document discusses comparability issues that arise from the use of XBRL taxonomy extensions and potential solutions using Semantic Web technologies. It summarizes views from different stakeholders and experiences. Taxonomy extensions can help provide more precise disclosures but reduce comparability. Potential Semantic Web solutions include using folksonomies to allow user ratings and establishing trust in extensions. The document proposes a proof of concept using RDF, XBRL and SPARQL to create a data quality heat map for more transparency.
Xbrl Ireland XBRL Update Dealing with Mandatory ReportingConor O'Kelly
XBRL is a data standard that standardizes company-specific financial reporting terminology and allows comparison of financial statements across companies and reporting periods. It provides more timely access to and analysis of financial data but does not check the accuracy of financial statements or ensure compliance. Key challenges to adoption include developing a clear business case, establishing political will and ownership over taxonomy development and maintenance, standardizing reporting obligations, and addressing the learning curve for taxonomy development and mapping. Lessons from early adopters emphasize establishing a project team, training, reviewing reporting guidelines, and undertaking test mappings and reports.
This document provides an introduction to XBRL, including:
- The structure of the lesson, which covers theory, a status update, and more theory.
- XBRL is not new technology, but specifying it for financial reporting is new. Its adoption has been slower than expected.
- XBRL relates to areas like business process management, business process reengineering, culture/change management, finance, and auditing.
- It defines XBRL as an XML-based language for exchanging business information in a standardized way.
Cartesis whitepaper xbrl bob eccles _liv watson copyWorkiva
This document discusses how the eXtensible Business Reporting Language (XBRL) is driving enhanced business reporting. XBRL allows companies to prepare, publish and share financial and business information in a standardized, digital format. It helps close gaps in reporting completeness and quality. While adoption of XBRL is growing, its benefits require a performance management system and may not provide an immediate return on investment. As a global standard, XBRL aims to improve transparency in financial reporting.
XBRL and the MACPA - Summit PresentationThomas Hood
Slides of a presentation given by myself and Skip Falatko of the MACPA. This presentation covers what XBRL is in broad terms as well as an in-depth look at how the MACPA is using XBRL to improve internal efficiencies as well as extend the U.S GAAP FR Taxonomy.
The document discusses how XBRL (Extensible Business Reporting Language) can improve financial reporting by allowing financial data to be tagged and exchanged in a standardized, machine-readable format. It outlines how XBRL reduces costs and improves efficiency of financial analysis by enabling automated extraction and comparison of financial data. The SEC now mandates public companies to submit financial reports in XBRL format.
XBRL stands for eXtensible Business Reporting Language. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and on the internet.
XBRL is a business reporting standard that uses XML tags to standardize business reporting information. It was created to address issues with existing financial reporting processes, such as duplicated validation efforts and errors from manual data handling. XBRL works by defining concepts like assets and income that make up taxonomies for reporting specific data. It features integration with regulatory agencies, import/export from Excel, automated calculations, and audit trails to support financial statements. Adopting XBRL provides benefits like consistent global standards for electronic business reporting.
Measuring the ROI of choosing Flex for Enterprise RIAsRaffaele Mannella
This document discusses how to estimate the return on investment (ROI) of adopting Flex for developing enterprise rich internet applications (RIAs). It provides an example ROI calculation for a Flex banking application that saves time over a previous Oracle Forms application. The calculation shows a project cost of €6 million, annual savings of €7.88 million, and a 2-year ROI of 163%. The document also discusses how Flex can impact both the benefits and costs in an ROI calculation by enabling better user experiences and cross-browser compatibility.
XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data that provides benefits of cost savings, efficiency and improved accuracy. It applies to listed companies in India with a market capitalization over $5 billion. XBRL was developed in 1998 and its use became mandatory for US public companies in 2011. It can format both financial and non-financial data using unique tags and has benefits like better analysis, cost savings, and avoiding manual data entry. Taxonomies define reporting elements and their relationships, and companies generate valid XBRL documents by mapping their reports to the taxonomy elements.
The document discusses XBRL (eXtensible Business Reporting Language), which is an interactive data format used to tag financial statements for easier analysis. It outlines what XBRL is, key terms, SEC requirements, best practices for tagging, the tagging process, validation checks, and deliverables. Vintage Filings provides full-service XBRL tagging and filing services to help companies comply with SEC mandates in a cost-effective manner.
This document summarizes a presentation on experience and best practices from international XBRL case studies. The presentation covers the history and background of XBRL, a new era of regulatory reporting and compliance using technologies like RegTech and XBRL, and lessons learned and best practices. Key takeaways include that regulatory compliance costs are growing due to increasing complexity, technologies can help reduce these costs through more efficient reporting, and data standards are needed for the digital transformation of regulatory reporting.
Embracing change to reduce cost and delay whilst improving quality. How Hyperion Data Relationship Management (DRM) can become your change management platform. Tuesday August 17th, 2010 12:00pm
The document discusses the Office of Information Technology (OIT) budget operation for the End of Fiscal Year Deadline (EOFD). It begins by listing questions to consider regarding the budget process, milestones, cost drivers, and strategies for cost containment. It then provides details on the budget cycle, including dealing with unfunded requests. The document outlines how the business process for OIT budgeting has changed over time, and discusses problems encountered. It also reviews cost cutting strategies for the chief information officer and potential business drivers that increase costs. Finally, it discusses prospects for the fiscal year 2012 budget and beyond.
This document discusses XBRL (eXtensible Business Reporting Language) and its role in Solvency II reporting for insurance undertakings. It provides an overview of XBRL basics, how XBRL fits into the reporting process and timeline, and the challenges of integrating XBRL into an organization's reporting systems and processes. While XBRL implementation presents governance, process, and technical challenges, the document emphasizes that structured, validated XBRL data can deliver added benefits like improved data quality and enabling additional internal reporting and analytics.
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Sudheer Mechineni, Head of Application Frameworks, Standard Chartered Bank
Discover how Standard Chartered Bank harnessed the power of Neo4j to transform complex data access challenges into a dynamic, scalable graph database solution. This keynote will cover their journey from initial adoption to deploying a fully automated, enterprise-grade causal cluster, highlighting key strategies for modelling organisational changes and ensuring robust disaster recovery. Learn how these innovations have not only enhanced Standard Chartered Bank’s data infrastructure but also positioned them as pioneers in the banking sector’s adoption of graph technology.
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Enchancing adoption of Open Source Libraries. A case study on Albumentations.AIVladimir Iglovikov, Ph.D.
Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
- https://www.instagram.com/ternaus/
This presentation delves into the journey of Albumentations.ai, a highly successful open-source library for data augmentation.
Created out of a necessity for superior performance in Kaggle competitions, Albumentations has grown to become a widely used tool among data scientists and machine learning practitioners.
This case study covers various aspects, including:
People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
Cosa hanno in comune un mattoncino Lego e la backdoor XZ?Speck&Tech
ABSTRACT: A prima vista, un mattoncino Lego e la backdoor XZ potrebbero avere in comune il fatto di essere entrambi blocchi di costruzione, o dipendenze di progetti creativi e software. La realtà è che un mattoncino Lego e il caso della backdoor XZ hanno molto di più di tutto ciò in comune.
Partecipate alla presentazione per immergervi in una storia di interoperabilità, standard e formati aperti, per poi discutere del ruolo importante che i contributori hanno in una comunità open source sostenibile.
BIO: Sostenitrice del software libero e dei formati standard e aperti. È stata un membro attivo dei progetti Fedora e openSUSE e ha co-fondato l'Associazione LibreItalia dove è stata coinvolta in diversi eventi, migrazioni e formazione relativi a LibreOffice. In precedenza ha lavorato a migrazioni e corsi di formazione su LibreOffice per diverse amministrazioni pubbliche e privati. Da gennaio 2020 lavora in SUSE come Software Release Engineer per Uyuni e SUSE Manager e quando non segue la sua passione per i computer e per Geeko coltiva la sua curiosità per l'astronomia (da cui deriva il suo nickname deneb_alpha).
Communications Mining Series - Zero to Hero - Session 1DianaGray10
This session provides introduction to UiPath Communication Mining, importance and platform overview. You will acquire a good understand of the phases in Communication Mining as we go over the platform with you. Topics covered:
• Communication Mining Overview
• Why is it important?
• How can it help today’s business and the benefits
• Phases in Communication Mining
• Demo on Platform overview
• Q/A
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
20 Comprehensive Checklist of Designing and Developing a WebsitePixlogix Infotech
Dive into the world of Website Designing and Developing with Pixlogix! Looking to create a stunning online presence? Look no further! Our comprehensive checklist covers everything you need to know to craft a website that stands out. From user-friendly design to seamless functionality, we've got you covered. Don't miss out on this invaluable resource! Check out our checklist now at Pixlogix and start your journey towards a captivating online presence today.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
Building RAG with self-deployed Milvus vector database and Snowpark Container...Zilliz
This talk will give hands-on advice on building RAG applications with an open-source Milvus database deployed as a docker container. We will also introduce the integration of Milvus with Snowpark Container Services.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
2. Why is XBRL needed? Problems with Current Financial Reporting Paradigm User Friendliness Reluctance to use electronic statements Different File Formats Financial Statement Layout Search Engines Not viable – Low accuracy Modified for different Purposes Traditional statements need to be modified for different purposes
3. Introduction and How XBRL works Based on eXtensibleMarkup Language (XML) Used for all business communications At its most basic level it is a ‘tagging’ mechanism Grants the ability to ‘tag’ data inside financial reports Financial and Non-Financial data is tagged based on universal taxonomies Examples of tags are: ‘Cash’, ‘Equipment’ etc. Taxonomies A bit like dictionaries – contain tags, tag definitions, XBRL specification and the relationship between tags Many different available based on data: USGAAP, IFRS etc.
4. Introduction and How XBRL works Implication: Allow all users to understand financial statements Open source – supported by the XBRL consortium Platform independent Currently required in: China, Japan, Korea, Singapore and Spain Will be required in Canada after fiscal 2011 Partially required in the USA, full implementation in 2011 Supports both financial and non-financial data
5. How XBRL works Four documents that are key to understanding: (1) XBRL specification; (2) Taxonomies; (3) Instance Documents; (4) Style Sheets XBRL specification “the fundamental technical definition of how XBRL works.” Taxonomies Instance Documents Cannot be read by humans – only machine-readable Style Sheets Convert instance documents into human-readable statements
7. Impact of XBRL on the CA Profession Remember AFM 401? What is the primary objective of accountants? Reduce information asymmetry Study findings (Yoon et al. 2011) XBRL reduces information asymmetry in markets Statistics: coefficient -0.05, p-value 0.00 Implication: allow CA’s to fulfill their overall goals Assurance implications Audit Approach – Control reliance necessary
8. Top Management and Practitioner and Industry concerns about XBRL CFO views Increase costs – no benefit to internal processes Benefits relating to XBRL adoption are unlikely to be seen for several years Not one taxonomy is robust or flexible enough for all businesses Ability to form a ‘custom taxonomy’ – large risk Huge issue – analysts will not obtain any benefit Errors in tagging – take a lot of effort/time to correct ‘Tag management’
9. Assurance Issues and XBRL Plethora of assurance issues Lack of auditing framework Current guidance from AICPA and PCOAB is inadequate Need a new methodology for auditing XBRL documents Traditional audit concepts break down under XBRL Risk of material misstatement/Materiality Sampling – only gives # of incorrect tags
10. Recommendations For most issues best course of action is to wait However there is guidance from academic sources if conducting audits Data-Level Assurance Provide assurance on individual tags Overall, need guidance from professional guidance before auditing.
Hi everyoneMy name is DavidNaseem and the topic that I will be covering in this slide cast is
User FriendlinessWidely regarded as not as user friendly as paper statements.Reluctance to use paper statementsTakes time to find statements, extract relevant data and then analyze it.Companies use many different formats to publish their financial statements on the web.Such as PDF, MS Office, HTML and some companies even use flash to render their statements for interactivenessThis makes converting between formats very difficult and sometimes instead of figuring out how to change a PDF to an excel file it is almost easier to just deal with paper copiesAnother problem could be the financial statements themselves, say you are an investor looking for information about a company’s receivables, the company could have information scattered throughout the annual report regarding them, in the MD&A, financial statements and also the notes.Therefore unless you read the full report you cannot be sure that you have got all the information regarding receivables. Therefore now you might think, hey why not use search engines. Believe it or not this practice has alreay been tried and it has not worked very well. The problem is that for a search engine to be able to index across the different file formats it must be a full-text index search engine. These search engines are known for their low accuracy. Further, even if a search engine was accurate, the layouts of the financial statements still makes it difficult to find related information like disclosures or additional information.Traditional financial statements need to be modified for different purposes and users such as, the SEC, Investors, Banks and the company’s own internal purposes. Companies spend a lot of time and energy doing this which does nothing to help the actual business and wastes valuable resources that could be spent elsewhere.Therefore, we can clearly see that there are significant problems with the current financial reporting paradigm. These all have given rise to the need for a new standardized reporting format, XBRL.
Based on eXtensibleMarkup Language (XML)It is a language specifically designed for business communications.Unlike the current formats mentioned before, XBRL can be used to communicate both financial and non-financial information.At its heart XBRL is a tagging mechanism that gives users the ability to ‘tag’ data inside financial reports for easy retrieval, data extraction and manipulation.Anyone who has used facebook is familiar with the concept of tagging, in facebook you can tag somebody in a picture and then when you want to see all the pictures of that individual you can see all their tags.The financial context is not very much different except that all tags are based on pre-determined taxonomies. Some examples of tags can be CASH EQUIPMENT etc. corresponding to line items on a balance sheet etc.Taxonomies are a bit like dictionaries as they contain all of the tags that can be used to tag data, the definitions of those tags and the XBRL specification which is the actual XBRL language and its syntax etc. The taxonomies also contain the relationships between the tags for example some of the relationships can be the relationship between COGS and Inventory or the classification sttructure of the financial statements that CA are a subset of Total assets which must equal Equity + liabilities.There are many different taxonomies available based on the types of data being tagged for example, there are taxonomies for USGAAP, IFRS etc.
An implication of what I have been talking about is that XBRL will allow all users to understand financial statements since the taxonomy and linkbases define each tag and the relationships between them. This means that anyone can pick up a set of financials and understand how well the company performed in the period. XBRL is completely open source and does not involve paying for any additional software.It is also supported by the XBRL consortium which is an organization that is in charge of developing the XBRL platform.XBRL is also platform independent meaning that it will work across all software platforms, The XBRL consortium has been sucessful in persuading countries to use the platform, with large markets such as China, Japan, Korea, Singapore and Spain that require the use of XBRL. XBRL will be required in canada after 2011 fiscal year ends. This was done to give a break to companies as 2011 was the year for full ifrs implementation.In the US there is currently partial requirement, large corporations with a market capitalization of $5bn or more are required to file statements using XBRL.
There are four main documents that are key to understanding how XBRL works, these are the XBRL specification, the taxonomies that we have already talked about, instance documents and style sheets.The XBRL specification provides documentation about XBRL, the framework of XBRL and explains the syntax needed to create instance documents. The current version of the specification is 2.1 and it is available free from xbrl.orgTaxonomies we have already discussed before, they contain the tags/relationships between tags, the defintions of the tags etc.Instance documents are essentially the coming together of the specifcation and taxonomy used on financial data.Say a company prepares its balance sheet for december 31 2010 and then tags it using the USGAAP taxonomy with the current taxonomy. The resulting data with the tags is known as an instance document. However this document cannot be read by humans as it is meant to be read by machines/software.Style sheets convert the instance document into human-readable financial statements, that don’t look very different from the paper financial statements that we are used to.
- This is a visual representation how the XBRL process works. Please feel free to pause the cast at this point to review this slide if anything that I described earlier was unclear.
I will now discuss the impact of XBRL on the CA profession.Remember back to AFM 401, we learned that the primary objective of accountants was to reduce information asymmetry. There are numerous studies done that confirm that XBRL reduces information asymmetry. The most recent study done by Yoon 2011 finds that XBRL reduces information asymettry and they found very significant evidence for the above, the coefficients were -0.05 and the p-value was 0.00 suggesting highly significant evidence was found for the decrease in information asymettry. The implication of the above is that XBRL will allow accountants to reduce information asymmetry and fulfil their overall goals.Currently the SEC and Canada do not require any assurance over XBRL documents, but this will change going forward as more and more corporations use XBRL. CA’s will be called upon to provide assurance on these documents, this will increase the role that CA’s play in the financial markets even more. CFA institute did a survey of all its members and only 3% felt that assurance over xbrl documents would add no value, so there is a high likelihood that CA’s will be called upon to provide assurance over XBRL documents. Further the audit approach will be fundamentally changed as well. Currently auditors have two main auditing approaches, control vs substantive approach, since auditors will be called upon to provide an opinion on the XBRL documents, this will mean that CA’s will have to increasingly rely on controls to complete the audit.
Practitioner and industry professionals are also concerned about XBRL and some share similar feelings as top management. That is that they are not very excited about XBRL. The first reason is that the benefits relating to XBRL adoption will not be seen for many years. If you ask any analyst they will tell you that the real benefit of XBRL will be when there is tagged financial and non-financial data over a number of years. This is unlikely to happen for the next several years because, Canada will only require XBRL after 2011. and in the US the SEC has given companies a grace period of 1 year before they have to tag non-financial information such as the MD&A. Usually SEC rulings are persuasive and canada is likely to follow what the US is doing.The next concern relates to the taxonomies used, there is no one taxonomy that is flexible and robust enough for all businesses.Currently xbrl allows users to add their own data tags etc. to the taxonomy to form a ‘custom taxonomy’. This is a huge issue because if this is done then most companies will choose to make their own taxonomy. Analysts will not realize any benefits and due to the sheer number of different taxonomies that will exist. There is also the potential of needing to correct mistagged items which will waste a lot of time and effort to fix. There is also the issue of tag management where a company can mistag certain items deliberately to mislead investors. i.e. tagging some debt as equity etc. Two investors one using paper statements and another using XBRL may arrive at different ratios.
Lastly I will be talking about assurance issues. There are many assurance issues but I will only be covering 2 in this slidecast. First issue is that there is a lack of auditing framework for XBRL documentsThe current guidance from the AICPA and PCOAB has been to ensure that the paper statements and xbrl statements look the same.Just because the statements look the same, does not mean that the company has tagged all items appropriately. There are new rules in the works that will make it mandatory for auditors to test the appropriateness of tags. Unless there is a framework of assertions and objectives, the audits will not be adequate. The next issue that I want to cover is that a new methodology is needed for auditing XBRL documentsThis is because everything we know from auditing financial statements does not necessarily apply in the XBRL context.The risk of material misstatement and materiality are based on the amount that will cause a user to change financial decisions. This concept cannot be translated to XBRL audits because companies have the ability to show extracted information to users. SO an amount that could be fairly stated within the context of the financial statements as a whole, may not be fairly stated by itself. so the concept of materiality breaks down.Further sampling does not work either, if we sampled tags, it would only give the approximate number of tags that are inappropriate in a given sample. It is easy to think of a scenario where a large number of inappropriate tags may be immaterial and equally easy to think of a scenario where only a few tags can make a material difference. If we don’t sample and test 100% it could cost an enormous amount of time and money and it will not be feasible from a cost benefit perspective.
For most of the assurance issues that I found I thought the best course of action is to just wait until there is adequate guidance to providing assurance for XBRL documents. There does exist academic guidance, in my report I found some papers that developed an auditing approach and methodology. There is also another type of assurance that has been proposed. Data-level assurance, in this type of assurance the auditor will attest to individual tags for their accuracy. So overall CA’s need to wait for adequate guidance regarding XBRL audits.
Thank you very much for you time, this concludes the slidecast.