XBRL_IRIS

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XBRL Solution & Services

IRIS Business Services (India) Pvttd.

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What you need to know aboutXBRL!May 13, 2009

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XBRL – eXtensible BusinessReporting Language

“XBRL is ..perhaps the most revolutionary change in financialreporting since the first

general ledger”- Accounting Today

"Technology is fueling a radical change in the way thatbusiness and individuals

receive, process, and interact with data.”

- Christopher Cox, Chairman, Securities Exchange - 04/15/12 Commission, USA

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What is XBRL?XBRL (e X tensible Business R eporting Language) ✔ XBRL is Tagged Data (Meta-Data - Machine Readable)

– Standard way to communicate business and financial information – Defined by meta-data set out in taxonomies which capture the

definition of individual reporting concepts and the relationshipsbetween them.

– XBRL - The “Bar Code” of the Business Reporting World.

XBRL International – Not-for-profit consortium of approximately 500 companies and

agencies worldwide working together to build the XBRL language andpromote and support its adoption.

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Inside XBRL…

• Multi dimensional financial datarepresentations

• Financial reporting vocabularies

(taxonomies)• Aliases and other definitionrelationships

• Mathematical relationshipsbetween concepts

• Structure for authoritativepolicies and guidance

Calculatio

nsCash = Currency+ Deposits

Calculatio

nsCash = Currency+ Deposits

Presentation

Cash & CashEquivalents

Presentation

Cash & CashEquivalents

FormulasCash ≥ 0

FormulasCash ≥ 0

ReferencesGAAP I.2.(a)CoA 1100

ReferencesGAAP I.2.(a)CoA 1100

DefinitionsAKA Liquid Assets

DefinitionsAKA Liquid Assets

ContextsUS $

FY2003Budgeted

ContextsUS $

FY2003Budgeted

XBRLItem

“200”

XBRLItem

“200”

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Today’s ObjectivesWhat you need to know about XBRL

XBRl progress in India

XBRL at the U.S. Securities Exchange Commission

Creating XBRL Filings for the SEC Mandate

XBRL for Investor Relations

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XBRL in India

XBRL isBorn

RBIlaunches

IRIS’ XBRLbasedfiling

platformfor Capital

AdequacyReturns

ICAIdevelops

XBRLtaxonomybased on

IndianGAAP (built

by IRIS)

IRIS isawarded

project toconvert the

historicalfilings of USCompaniesinto XBRL

format

Indiabecomes aprovisional

jurisdictionof XBRL

International

Corpfiling – IRIS’XBRL based filingplatform is made

mandatory bySEBI

ICERS – IRIS’XBRL based

filingplatform

wasdeveloped

for BSE

Corpfiling –XBRLbasedfiling

platformadopted by

BSE andNSE

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XBRL at the SEC

ElectronicData

Gathering,Analysis and

RetrievalSystem

*(“EDGAR”)

* Electronic submissions are governed by Regulation S-T, in conjunction with the EDGAR Filer Manual

XBRL is Born

US CentralBank and

FDICMandate

XBRL Filings

SEC XBRLVoluntary

FilingProgram

120 +companiesincluding

Infosys

Technologies Ltd

All SpanishPublic

CompaniesMandated to

File XBRL

All ChinesePublic

CompaniesMandated to

File XBRL

1. SECXBRL Final

RuleReleased

for allPublic

companies

2. SECXBRL Final

RuleReleased

for allMutualFunds

Jan 1,2010

RatingAgenciesTaggingRating

Changes

IDEAInteractive

DataElectronic

Applica tions

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Timing of When the

XBRL Rule Applies

*Large Accelerate Filers: Exchange Act Rule 12b-2 generally defines “large accelerated filers” as an issuer that has common equity held byunaffiliated persons with value of at least US $700 million has been subjected to the Exchange Act’s periodic reporting requirements forat least 12 months, has files at least one annual report and is not eligible to use the disclosure requirements available to smallerreporting companies for its periodic reports.

** Accelerated Filers: Worldwide public float is defined as the aggregated worldwide market value of the voting and non-voting commonequity held by non-affiliated as of the last business day of the second fiscal quarter of the company’s most recent completed fiscal year(i.e. the same measure used to determined accelerated filers statues) That is, a calendar year filers with determined its eligibility forthe first phase-in group using its worldwide public float measured at 30 June 2008.

***Fiscal Period: For the first Form 10-Q (or for the Foreign Public Issuers’, their first form 20 F or 40-F, if applicable) for the period endingafter the specified transition date.

Phase 115 June 2009

Phase 215 June 2010

Phase 315 June 2011

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XBRL FilingsInput Output

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XBRL Excel

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Creating XBRL Filings for

SECCompanyReport

US GAAP Taxonomy

Map Taxonomy Tags with

Line Items

CreateNew Tags

• 15,000+ Elements

Createcompanyspecific

relationships

CompanyInstance

Document

Company Taxonom

y

Validation• XBRL 2.1Validations• SEC Edgar Manual

Validations

Final Document forSubmission

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What could be tagged

in a footnote?

RD&E expense was $6,107 million in 2006, $5,842 million in 2005 and$5,874 million in 2004.

The company incurred expense of $5,682 million in 2006, $5,379 millionin 2005 and $5,339 million in 2004 for scientific research and theapplication of scientific advances to the development of new andimproved products and their uses, as well as services and theirapplication. Of these amounts, software-related expense was $2,842million, $2,689 million and $2,626 million in 2006, 2005 and 2004,respectively. Included in the expense was a charge of $7 million and $1million in 2006 and 2005, respectively, for acquired in-process R&D.Expense for product-related engineering was $425 million, $463 millionand $535 million in 2006, 2005 and 2004, respectively.

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What could be tagged in a footnote?RD&E expense was $6,107 million in 2006, $5,842

million in 2005 and $5,874 million in 2004. The company incurred expense of $5,682 million in 2006,

$5,379 million in 2005 and $5,339 million in 2004 forscientific research and the application of scientific advancesto the development of new and improved products andtheir uses, as well as services and their application. Of these amounts, software-related expense was $2,842million, $2,689 million and $2,626 million in 2006, 2005 and2004, respectively. Included in the expense was a charge of $7 million and $1 million in 2006 and 2005, respectively, foracquired in-process R&D.

Expense for product-related engineering was $425 million,$463 million and $535 million in 2006, 2005 and 2004,respectively.

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Interactive Data

Electronic Applications

Aug. 19, 2008

Source: http://www.sec.gov/news/press/2008/2008-179.htm

“IDEA will ensure that the SECcontinues to stay ahead of theneeds of investors,” saidChairman Cox. “

This new SEC resource poweredby interactive data will giveinvestors far faster, moreaccurate, and more meaningfulinformation about the companiesand mutual funds they own.IDEA’s launch represents afundamental change in the way the SEC collects and publishescompany and fund information – and in the way that investors willbe able to use it.”

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l

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What can XBRL do for investors

and analysts?• Packages explanatory contextual

information around each data point• Makes data more granular, more

extractable• Provides a common framework of

definitions• Improve the accuracy, quality and

transparency of corporate information• Enables easier comparison of multiple

companies• Reduces reliance on normalized data

http://www.cfapubs.org/doi/pdf/10.2469/ccb.v2009.n3.1

XBRL S l i & S i

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What can XBRLdo for investor relations ?• Improve the accuracy/quality of your own financial information in

the marketplace

• Reduce errors in the information reported

• Improve the ability to compare and benchmark your financials withpeer companies

• Let you tell your story in your own words

XBRL S l i & S i

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Why will XBRL benefit you?“I must state unequivocally that thepurpose of introduction of XBRL is not to

catch errant companies. In fact, withXBRL, companies will not make errors intheir reporting if they are able to implementXBRL within the organization effectively,”

-Swaminathan, CEO of IRIS Business Services

XBRL S l ti & S i

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Never Fear, IRIS is Near !!!• Skype xbrl.help, mail [email protected] or call

67231000

• Helpdesk open 9 am – 6 pm Mon – Fri

• Queries will be directed to XBRL specialists


mailto:[email protected]

mailto:[email protected]

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Coming to a Book Store Near You Soon!


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THANK YOU


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IRIS & XBRL• A leading information and India’s first XBRL solutions company

• IRIS is one of the founder companies of XBRL India & part of XBRL IndiaJurisdiction

• Created the Taxonomy for Institute of Chartered Accountants of India,soon to be adopted by India.

• XBRL compliant end to end corporate e-filing solution for the BSE andNSE

• XBRL compliant Bank Reporting solution for Indian Banks reporting toThe Reserve Bank of India


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XBRL SOLUTIONS FROM IRIS

IRIS offers solutions built around its three product lines

Enable Data Conversion to XBRL Format, From any NonStructured or Structured Format

XBRL Based Electronic Reporting Platform forRegulatory Reporting & Information Exchange

XBRL Based Electronic Reporting Platform forRegulatory Reporting & Information Exchange


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XBRL Services• Outsourced Data Conversion Services

– IRIS has a team of trained analysts that can create your financialreports in XBRL Format.

– The analysts have worked with US GAAP, IFRS and Indian GAAPAccounting Standard/Taxonomy

• Taxonomy Development & Consulting – The IRIS XBRL team comprises technology professionals & chartered

accountants to provide consulting & service to develop Taxonomies

– IRIS has developed the Indian GAAP Taxonomy (currently a exposuredraft) & the BASEL II Taxonomy – IRIS is working on developing a taxonomy for a Stock Exchange in

Africa


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IRIS B i S i (I di ) P t

About TheSpeakerLiv WatsonMember, Board of Directors,

IRIS Business Services Private Limited

As one of the founding members of XBRL, Ihave been involved in XBRL for more than 10years. I have seen the organization evolvefrom a small group of companies to aninternational organization supported by theworld’s leading accounting, technology,financial services and regulatory agencies.

XBRL_IRIS

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