XBRL (GL) background and standards/artefacts, development method

UNCEFACT Conference, 5 April 2019, Geneve Elina Koskentalo, XBRL Finland Inspiration for XBRL GL

From paper-based to pre and post-PC products and into the Internet era … From the promise of XML to a consortium interested in revolutionizing the Business Reporting Supply Chain .. 1998: Birth of XML . XML Recommendations . XML . XML Namespaces . XML Schema . XLink Dates: 09/08/08 Currencies: “Dollars” Numbers: 5,000 Facts in a CSV file: 400,200 or 400;200 XBRL Begins … What has become XBRL – the Extensible Business Reporting Language – began with the passion of CPAs and the potential of XML.

What began as using Wayne Harding XML tags for financial statements grew to all business reporting data, processes, rules and more.

The Story of Our New Language Personalities, cultures, and politics combine Charlie Hoffman to create a common, global language for business Financial Statements http://www.aicpa.org/InterestAreas/FRC/Ac Eric E. Cohen countingFinancialReporting/XBRL/Download Detailed data ableDocuments/XBRL_09_web_final.pdf XBRL GL IS THE STANDARDIZED BRIDGE FROM BUSINESS EVENTS TO XML/XBRL REPORTING XBRL GL is

qbxml qbxml . XBRL . A RECOMMENDATION from XII . To represent the DETAILED data smbxml smbxml and mappings in ERP systems . Fully integrated with and

XBRL supporting the drill down detail Intacct xml Intacct xml from external taxonomies and summary to external taxonomies

SAP SAP . How we support the vision: – A piece of business information, once entered into any system, anywhere, never has to get retyped as it flows Peoplesoft Peoplesoft along the information supply chain. xml xml . The WIIFM for organizations – “When reports are the natural by- product of an internal environment Tax made more efficient with XBRL …” Reporting More Than a “General ”

It is an application independent import/export format for the data contained in ERP systems. It is independent and report independent, but can track multi-GAAP entries and provide the drill-down and drill-around power for different reports. As such, it is a tool for , data migration and data archival, internationally. It makes integrated best of breed systems possible. Consolidation/Reporting . Supporting . Consolidation – Working with standard charts of accounts and local charts of accounts to bridge and consolidate – XBRL GL unique amongst standards in supporting concurrent reporting across accounts, sets of books, disparate reporting periods . Cross walks – Summarizing by account, transaction set or other aggregations to one or multiple end reports, with reconciliation . Data migration . Archival Business Reporting Supply Chain

Internal External Investment, Business Economic Business Business Lending, Processes Operations Policymaking Reporting Reporting Regulation

Financial Publishers Central Companies Investors Participants and Data Banks Aggregators

Trading Management Internal External Regulators and Administrators Partners Auditors Auditors

Software Vendors and Service Providers Every System as XBRL

System 1 System 2 System 3 XBRL GL XBRL GL XBRL GL

Account# 勘定科目番号 Identificador de la Cuenta accountMainID accountMainID accountMainID Description 勘定科目説明文 Descripción Principal de la Cuenta accountMainDescription accountMainDescription accountMainDescription Amount 金額 Monto Monetario amount amount amount PostDate 転記日付 Fecha de Asignación/Ingreso postingDate postingDate postingDate Source: Eric Cohen, Cohen Computer Consulting XBRL GL as a standard data interface between systems – enables “apps” on the side of ERP’s

Standardized data archives

eInvoice eReceipt Information External reporting tools Storage Bank statements Other structural business documents

Customer user interface

AccountingAccounting system software Sales applications

Payment system applications 10

2017-03-03 XBRL Global Ledger in regards to other standards

• SAF-T: OECD states that XBRL GL may be used as the carrier of the data along side the proprietary XML format • ISO/PC 295 data standard: a resolution made to include XBRL GL as a recognized data carrier format in the Technical Committee stage • AICPA Audit Data Standards: recognizes XBRL GL as one of its two data carrier formats • UBL: XBRL GL and UBL mappings created in TALTIO project (Finland 2016) Thank you Elina Koskentalo [email protected] www.tieke.fi www..fi

5.4.2019 TIEKE Tietoyhteiskunnan kehittämiskeskus ry 12