Main objectives XBRL España Main objectives XBRL Main objectives XBRL España España Federico Flórez Information Systems Director Bank of Spain Managing Director XBRL España 10th XBRL International Conference Brussels, November 2004
Main objectives XBRL España
Main objectives XBRL Main objectives XBRL EspañaEspaña
Federico Flórez Information Systems Director Bank of Spain Managing Director XBRL España
10th XBRL International Conference Brussels, November 2004
Main objectives XBRL España
XBRL in Spain
Objectives
Conclusions
agenda
Main objectives XBRL España
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
FOUNDER MEMBERS
April 2004
10
CURRENT MEMBERS
November 2004
24
Main objectives XBRL España
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
General Meeting
President
Strategic Commission
AuditCommittee
General Secretary
Facilitator
Board
Consultancy & Mediation
Marketing & Communication
Management &
Secretary
Accounting
Basel II
Taxonomies
Technology
Development & Training
Vicepresident
DGIIPP
IPP PGC90
Main objectives XBRL España
1
Implementation, adoption and national &
international development of XBRL to unify the
standards applicable
to reporting financial & business information.
Joint efforts of public and private entities to
implement and adopt XBRL as well as provide
domestic and international representation at:
Objectives 2
» People » Organizations
» Institutions » Authorities
» Corporations » Public and private entities
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
Main objectives XBRL España
Ensure XBRL image and prestige. Uphold interest of the implementation, adoption and development of XBRL in Spain.
Promote collaboration among members, fuelling initiatives around XBRL projects.
Collaborate with Regulators and Authorities in the development, implantation and recognition of XBRL.
Coordinate initiatives, events, research and similar activities, to implement, adopt and develop XBRL in Spain.
3
4
Objectives
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
Main objectives XBRL España
Promote and participate in research and
development of XBRL, national & international,
providing consultancy to members and
third parties.
Plan and implement the adoption and
development of XBRL in Spain and abroad.6
5
Objectives
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
Main objectives XBRL España
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
Members
Main objectives XBRL España
Memberships commitment of permanence: 3 years
All the financial reporting actors represented
Regulators as catalyst since the beginning
XBRL in Spain ObjectivesObjectives ConclusionsConclusions
Main objectives XBRL España
Domestic taxonomies development
International taxonomies development
Jurisdiction development
XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
Taxonomies for Securities Commission of Spain
Public and periodic reports
Four models of companies: General Insurance Financial Investment funds
Domestic taxonomies developmentXBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
Taxonomies for Central Mercantile Register in Spain
PGC90 (General Accounting Plan '90)
Domestic taxonomies development
XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
Taxonomy DGI (General Identification Data for companies)
Q1 2005 to be released.
Spanish accounting standards for public administration
Domestic taxonomies development
XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
Domestic taxonomies development
XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
IFRS Taxonomy Working GroupHosted by the Bank of Spain
Primary Financial Statements for Banking to be translated to Spanish. Extended when necessary and tested by Q1 2005.
International taxonomies development
XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
XBRL Day
A big event oriented to business and decision making managers. 200+ attendants in 2004 edition. Relevant press coverage in newspapers as well as in financial media.
Promoting for new members. Target 2005: 40 members
Jurisdiction development
XBRL in SpainXBRL in Spain Objectives ConclusionsConclusions
Main objectives XBRL España
XBRL in SpainXBRL in Spain ObjectivesObjectives Conclusions
A Jurisdiction must involve all actors in the reporting progress
The taxonomies development are critical for implementation of real projects
We have a great opportunity for the next two years