XBRL Basics and Update for Florida Accounting and Business Expo Orlando

1. Neal Hannon Senior Consultant, XBRL Strategies The Gilbane Group [email_address] FICPA Annual Accounting and Business Show Orlando May 27 2009 FICPA XBRL Entering The Digital Age

2. XBRL: Entering The Digital Age

3. Point #1 XBRL is Accounting chopped into structured pieces

13. First SEC Mention of XBRL XBRL Committee Encouraged by SEC Chairman Arthur Levitt's Recommendation That It be Expanded and Used by Investors and Companies Business Wire , Oct 30, 2000 Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 30, 2000 In remarks last week, Arthur Levitt, Chairman of the Securities Exchange Commission (SEC), acknowledged XBRL and recommended its further development to turn financial statements into meaningful information for investors using this new revolutionary technology. Chairman Levitt's remarks were made at the American Institute of Certified Public Accountants' (AICPA) Fall Council Meeting in Las Vegas, Nevada on October 24, 2000.

15. Additional regulation coming?

16. Accounting Goes Digital

17. Do You Remember Vinyl Records? Had to Play from start to finish Record could be damaged if you attempted to play a specific track.

18. Vinyl Records And Disclosures Similarly , Financial statements, notes and disclosures today are meant to be read and understood as a whole. Audit opinions are given on the entire set of financials. The paper-based, report centric world lives on.

20. What can digital data do?

26. Digital data fundamentally changes the paper-based reporting paradigm

28. XBRL Not just for the SEC

29. Scope and Role of XBRL External Financial Reporting Business Operations Internal Financial Reporting Investment, Lending, Regulation Processes Economic Policymaking Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies Central Banks XBRL for G/L Journal Entry Reporting XBRL for Financial Statements XBRL XBRL XBRL XBRL

31. "The goals were timely and accurate data,“ said Wallin, "stronger internal controls, reduced costs, a standardized system of seamless data exchange, business processes and data elements. XBRL met all of those goals."

33. Have you ever wondered which specific US GAAP authoritative literature stands behind each item on your company’s SEC disclosures? A US GAAP XBRL Taxonomy has the answer Ever wonder how accounting experts might define each key item on your SEC 10K? A US GAAP XBRL Taxonomy has the answer

35. US GAAP Taxonomy Development Effort FAF, XBRL US GAAP, SEC Regulations Codification project Audit check lists Internal and public testing XBRL protocols Taxonomy Release CFO Investor Relations Current Reporting Practice Key concept: Create a Data model Analysts Investors

36. XBRL The Accounting’s inside

37. Description of accounting policies associated with the recognition of gross revenues and gross revenue adjustments, which are components of net revenues in the statement of operations for the period. Standard label in English: Revenue Recognition Accounting Policy, Gross and Net Revenue Disclosure Standard label in XBRL: RevenueRecognitionAccountingPolicyGrossNetRevenueDisclosure Accounting Principles Board Opinions (APB) Number 22, Paragraph 8 Label Definition Authoritative Reference

45. Neal Hannon Senior Consultant, XBRL Strategies The Gilbane Group [email_address] FICPA Annual Accounting Show and Business Expo Orlando May 27 2009 FICPA Thank You