A Powerpoint presentation about - XBRL: e-business for the business reporting supply chain

enumerate®'s Interactive Data Views (IDVs) are a reusable, analytical front-end tool that allows users to perform comparative data analyses. You can put any data feed or individual file into an IDV format by simply tagging the data with a few parameters. You can do this yourself with Numerator!Publish™ Desktop or you can automate the process with Numerator!Publish Server's open API.

With the exception of attorneys, few people have as much to gain from the flush of earnings restatements as do boosters of the Extensible Business Reporting Language. XBRL is designed to make financial reports easier to post on the Internet and easier to understand once they're posted. And it's getting an important tryout beginning this week.

In the late nineties, a consortium of companies within the accounting software industry began work to produce a set of standards that will apply to financial data produced by accounting software packages and other applications in the future.

Extensible Business Reporting Language (XBRL) will help companies achieve greater transparency and handle operational risk, according to PricewaterhouseCoopers' annual technology forecast. XBRL is an electronic format for simplifying the flow of financial statements, performance reports, accounting records and other financial information between software programs. Previously, there were no standards that would allow financial information to be automatically communicated between different applications.

OneSource Information Services, Inc. (Nasdaq: ONES), a leading provider of business information solutions, today announced support for eXtensible Business Reporting Language (XBRL) through the OneSource(R) AppLink(SM) software development kit (SDK). Using XBRL via the AppLink SDK, OneSource customers can access updated, fielded financial data on more than 28,000 global public companies from the OneSource enhanced information warehouse, and seamlessly integrate that data into standard business and custom financial applications. With the ability to provide five years of history on over 90 financial variables, reports and calculated variables via XBRL, OneSource now offers extensive support for this XML standard.

The Reuters First Quarter Trading Statement financials available on this website are available as an XBRL formatted file using the download link below. Please note you will need Microsoft Internet Explorer V5 or later to view the XML source data.

The XBRL design was informed from the beginning by the need to satisfy three distinct kinds of requirements – business requirements, technology requirements, and political requirements.

This article outlines the purpose and function of the XBRL project in text form. It provides an excellent intorduction to why XML languages can add huge value to web based material and how the XBRL team are planning to achieve this for financial reporting.

The Reuters Preliminary Statement financials available on this website are available as an XBRL formatted file using the download link below. Please note you will need Microsoft Internet Explorer V5 or later to view the XML source data.

The recent Business Reporting Online conference in Amsterdam (19-22 May 2003) continued the development of XBRL.

Slide show: XML and XBRL-enabled SAP R/3 Systems

Setting a new standard for the way corporate America reports financial information and data, The Nasdaq Stock Market, Inc., Microsoft Corp. and PricewaterhouseCoopers (PwC) have teamed up to demonstrate the power of XBRL (Extensible Business Reporting Language), a new platform developed for corporate reporting over the Internet.

The international XBRL Project Committee is helping to develop and launch XBRL (extensible business reporting language), a free XML-based specification that uses accepted financial reporting standards and practices to exchange financial statements across all software and technologies, including the Internet.

Imagine: as an investor your are able to access add hoc at your fingertips financial and business data (financial and non-financial) of companies you are interested in and to compare and benchmark them against each other. A dream ? No ! With XBRL, formerly code-named XFRML - a free, new XML-based specification that uses accepted financial reporting standards and practices for exchanging financial reports across all software and technologies, including the Internet – this has become reality!

On June 17, 2003, the Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency (OCC) and Federal Reserve Board jointly announced a $39 million contract they awarded to Unisys Corp. and a number of XBRL-US members - PricewaterhouseCoopers, Microsoft, EDGAR Online and UBMatrix -- to overhaul the system that regulators use to collect, process and distribute bank Call Report data. The reporting system modernization, which will include implementation of XBRL (Extensible Business Reporting Language) will improve the timeliness, accuracy and efficiency of the information exchange process. XBRL was founded by the AICPA and the XBRL-International organization is currently hosted by the AICPA in New York.

Sumitomo Mitsui Banking Corp. expects to increase the efficiency of its foreign trade operations through the deployment of a new trade processing system developed by NEC.

Questions and Problems about XBRL.

Credit risk assessment plays an important role in the day to day operation of a business. Credit risk assessment is performed when a Buyer asks a Seller to ship merchandise without prior payment. (It is also used in other areas of a business including marketing. For example, a business may undertake a marketing campaign in which prospects are pre-qualified for purchases up to some specified amount.)

So you want to create an XBRL taxonomy! Good for you. You have started down an important path.