1. XBRL a technology and a revolution
SEC mandate for data standardization
Information supply chain and internal reporting
A use case for XBRL

2. Kristine Brands, CMA
Assistant Professor, Regis University
kbrands@regis.edu
Charlie Hymer, CPA
Regional Account Manager, Rivet Software
charlie.hymer@rivetsoftware.com
Jordan Woodard
Sr. Compliance Manager, Rivet Software
jordan.woodard@rivetsoftware.com
2

3. Agenda
XBRL Explained
SEC Mandate for XBRL
Internal Reporting
Mythbusters 2012 – XBRL
Business Cases
Final Thoughts
Questions
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4. What is XBRL?
A standardized way to communicate business reports.
Focus on providing a mechanism to define reporting terms.
Individually identify bits of data within a large block of information
Getting to the heart of information that traditionally has been “paper-locked”
“Bar coding for financial information”
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5. Built on the shoulders of giants.
XML (Extensible Mark-up Language) – Data standard for the web
 Based on HTML (HyperText Mark-up Language) - the language that rules the web
XLINK (XML Linking Language) – A standard for linking pieces Of xml
XHMTL (Extensible Hypertext Mark-up Language) – A modern variant of HTML and many
more
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6. RIVET SOFTWARE 5

7. What is XBRL?
US GAAP ASC US GAAP TAXONOMY US GAAP REPORTING
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8. What is XBRL?
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9. XBRL in action!
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10. Epic use case: the SEC mandate.
The initial event that
popularized XBRL in the US
was the SEC mandate for
public companies to report
their financials using the
new data standard.
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11. Entities, filings and facts by phase.
No. of Entities No. of Filings No. of Facts
507
5772
1381
6000567 Phase 1
5056
Phase 2
10928824
Phase 3
29069 3197389
6976
Note:
• Total entities of 8,864 • Phase 1 - 5 Billion Market Cap * Dataasof 7-27-2012 @ 7:54
• Total filings of 39,897 • Phase 2 - Accelerate Filers
• Total fact 20,126,780* • Phase 3 - Remaining Public Companies
*includes duplicated facts
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12. Why it matters.
“I just sent over the 10-Q to my
boss to review. I only started it
No more weekends yesterday morning... I usually work
over the weekend and spend a few
late nights during the quarter, but I
at the office. only had to put in one Sunday
afternoon and one evening and
here I am - done. I was able to go
to New Orleans instead.”
Mitzie Pierce, Cardtronics
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13. What’s in it for you?
No more keying in data. Work together w/ your Use one Word
Instead, Link it. team in real-time. document to file
everything.
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14. Why it matters.
“I just sent over the 10-Q to my
boss to review. I only started it
No more weekends yesterday morning... I usually work
over the weekend and spend a few
late nights during the quarter, but I
at the office. only had to put in one Sunday
afternoon and one evening and
here I am - done. I was able to go
to New Orleans instead.”
Mitzie Pierce, Cardtronics
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15. Keep it simple.
HTML
Data Excel Word
XBRL
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16. The role of software.
12
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17. XBRL in internal reporting.
XBRL GL/XBRL FR conceptual overview.
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18. Internal Reporting: Three Tracks
Edit reports
Primarily for Ad hoc reports
internal use Posting reports
only Daily cash/AR/AP
Performance
Preparation for
external use Financial
Tax
More detailed
versions of Segment
external reports PII*
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19. In general internal reporting is:
More detailed
More frequent
More varied (less standardized)
Fewer “EDI or Die” vendor demands
Change/up-front costs of standardization
• without pressure from third party
But: more pressures now Internal controls
• SOx 404 PCAOB 3, Section 5.c
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20. Types of internal reporting:
OPERATIONAL AND ADMINISTRATIVE PREPARATION FOR
MANAGEMENT • Financial
• Planning • Statutory
• Control • Legal
• Decision making • Social
• Environmental reporting
INTERNAL REPORTING DRIVES
• Procurement
• Staffing and scheduling
• Management and direction
• Cash management
• Preparation for external reporting …
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21. Old World of Electronic Data Exchange
NEW WORLD
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22. ASB BLT
Old world
AFT TGI FRY
ECP
HDL
SWG
DRW MFP
WCP
QYD DLY SKD
DLY
WIU XPS
KYF
XOI ZIS CUI WKD
WHR
ASB RMO JIA GEX
HCO
BST VUH KFC AJT FQA DKE
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23. XBRL in internal reporting.
BENEFITS OF XBRL FOR EXTERNAL PURPOSES ARE OBVIOUS
• Shared meaning, different vocabulary
• Standards and definitions
• Global consumption
• Machine to machine consistency
• Public: From A to B to C
IS INTERNAL DIFFERENT?
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24. Filling in the gaps between GAAPS.
Tax Regulators Investors Creditors Lenders Website
One Aggregators One
way way
XBRL
BUSINESS
BUSINESS REPORTING
Intra system Detail to summary
ERP G/L Packages CRM
XBRL GL
Detail Journal Taxonomy
Transaction Creation Accounting
2-way recognition/2-way
•Orders •Orders
Suppliers (e-)Business
•A/P •A/R
classification
Customers
•Delivery •Delivery
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X12, UBL, CEFACT FORUM, Other XML INITIATIVES 23

25. Data in internal reporting.
CONSOLIDATIONS
DATA MIGRATION
ARCHIVAL
DATA TRANSFER
AUDIT TRAIL
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26. Basic challenge: similar data, but...
XBRL GL provides platform for agreed-upon and
Similar Data well defined list of concepts – make sure my
“Account” and your “Account” means the same
Account, Amount, Date thing (not bank account or customer account but
GL account.)
Different Data Dictionaries: Field names, field order Based on XML, XBRL GL is order independent;
sharing element names for import/export means
System 1: AccountNo, Amount, Date
that AccountNo, AccountNumberm Account# and
Account will all be express as one common name;
System 2: MonetaryAmount, PostDate, AccountNumber
applications will know what to expect inpublishing
System 3: PostingDate, Account#, Value and consuming data files.
System 4: Date, Journal, Account, Amount So many external data formats; XML Different
provides a popular and increasing
Data Formats
Different Representations for the samedemanded data format.
supported / concepts in
common data field CSV
Once you have agreed on data field
Journal: PJ, Payroll Journal, Payroll ASCII
standardization, software applications require
Date: 12-31-03, 20031231, 12/31/03 agreement on content in many cases. XBRL GL
WKS
provides enumerated values to supplement XML
data standards to help in this area. 1

27. XBRL GL challenges local concepts of “General
Ledger.” Holds More
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28. Internal Data exchange. AP
Outsourced Travel and Expense
AR
Non-integrated point of sale GL
IM
External payroll provider
Subsidiary with separate system PR
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29. From initial transaction.
Invoice #: 10037 INVOICE May 2, 2003
Item Description Qty Extension
1078 Blue Widget 200 2,803.78
1083 Cyan Widget 100 1,402.93
Sub-total: 47,592.33
Freight:
Total: 47,592.33
<documentType>invoice</documentType>
<documentNumber>10037</document Number>
<documentDate>2003-05-02</documentDate>
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30. The ERP system actual/virtual:
purchase orders
sales orders
PO
AP, IM
items OE
AR, IM
IM
bomp
employees customers vendors assets
AR AP FA
PR
REPORTING GENERAL LEDGER

31. Facilitating web service assurance
Mapping 1 Mapping 2
Spell Check
Shipping Rate Check
Credit Check
Logistics Check
Rules and Journalization
Audit and monitoring tool
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32. Data and views
Report
Report Writer
Select information from
database(s), including joins
Formulas create new data
fields
Filter the record set
Add headers/footers,
conditionals with record 1
groupings, derived totals
based on sorts Concentration:
Concentration: Data Fields
Provide visual formatting Information Concepts
RIVET SOFTWARE rules, like cross-tab

33. Scope and role of XBRL
Representations
Consolidation
Transactional
Internal
External Investment,
Processes Business Financial Economic
XBRL Financial Lending,
XBRL
Operations Reportin Policymaking
Reporting Regulation
g GL FR
Financial
Publishers Central
Companies Investors
Participants and Data Banks
Aggregators 1
Trading Management Auditors Regulators
Partners Accountants
Software Vendors
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34. XBRL GL works with XBRL FR.
US
XBRL Tax
IAS
GL
Internal
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35. Benefits of XBRL for internal reporting.
IMPROVES INTERNAL MANAGEMENT
• Speed
• Detail
• Cost of abilities of applications
• Learn from mistakes, evaluate changes from plans early
• Taxonomy - better communication from on top
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36. Benefits of XBRL for internal reporting.
IMPROVES ASSURANCE DETAILS AGREEING OR RECONCILING TO REPORTING
• Internal auditing
• External auditing
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37. Benefits of XBRL for external users.
IMPROVES SHARING DATA WITH BANKS
• Asset based lending
• Listing of open accounts from customers
• Listing of inventory
IMPROVES SHARING DATA WITH ACQUIRERS
IMPROVES SHARING DATA WITH PARTNERS
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38. Today’s internal …tomorrow’s external?
HOW ABOUT
• The same information from its source in greater detail - which may be tomorrow's
external reporting?
• Bringing together internal groups to speak the same language?
DRILL DOWN SUPPORT FROM EXTERNAL TODAY
POSSIBLE (PARTIAL OR TOTAL) REPLACEMENT FOR FORMS TOMORROW
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39. EVERY SYSTEM AS
XBRL
System 1 System 2 System 3
XBRL GL XBRL GL XBRL GL
Account# Account Number
accountMainID Identificador de la Cuenta
accountMainID accountMainID
Description Account Description Descripción Principal de la Cuenta
accountMainDescription accountMainDescription accountMainDescription
Amount Entry Amount Monto Monetario
amount amount amount
Posting Date Fecha de Asignación/Ingreso
PostDate postingDate postingDate
postingDate