EXtensible Business Reporting Language Sevilla, 17 de Abril de 2008 Enrique Bonsón Ponte Vicepresidente de XBRL España Catedrático de Economía Financiera.

Presentación del tema: "EXtensible Business Reporting Language Sevilla, 17 de Abril de 2008 Enrique Bonsón Ponte Vicepresidente de XBRL España Catedrático de Economía Financiera."— Transcripción de la presentación:

1 eXtensible Business Reporting Language Sevilla, 17 de Abril de 2008 Enrique Bonsón Ponte Vicepresidente de XBRL España Catedrático de Economía Financiera y Contabilidad de la Universidad de Huelva

2 1 2 3 4 Agenda Taxonomías XBRL Conclusiones XBRL XML

3 Evolution of the Internet Technology Innovation FTP, E-Mail, Gopher Web Pages TCP/IPHTML Connectivity Presentation Browse the Web Connect pre-Web

4 Searching for the word Mercury on the Web can provide a wide variety of resultstoo manysuch as: Hg Browsing the Web (Contentwithout Context)

5 Chemical Industry Auto Industry Publishing or Mythology Music Industry Aerospace Industry Astronomy Content in Context (Industry-specific)

6 Evolution of the Internet Technology Innovation FTP, E-Mail, Gopher Web Pages Web Services TCP/IPHTML XML Connectivity Presentation Automation Browse the Web Program the Web Connect pre-Web

7 XML XML stands for: eXtensible Markup Language Universally accepted method of exchanging information

8 What Is XML? XML is a platform-independent, self-describing, expandable, standard data exchange format

9 XML Serra Roberto 20040206 15.95 El código da Vinci Brown, Dan ORDER SOLD-TO PERSON FIRSTNAME LASTNAME SOLD-ON ITEM PRICE TITLE AUTHOR BOOK Roberto Serra Brown, Dan El código da Vinci 15.95 20040206

10 Who defines the tags? Tags are defined by industry consortiums Each industrys standard tags are commonly referred to as a taxonomy

11 XML & Data Exchange Improves the way companies -- and applications -- share information Enjoys strong industry and vendor support

12 1 2 3 4 Agenda Taxonomías XBRL Conclusiones XBRL XML

13 XBRL: eXtensible Business Reporting Language Es un lenguaje de marcas basado en XML Creado por XBRL.org Para el intercambio automático de información financiera entre aplicaciones de software en cualquier parte del mundo Se trata de un esfuerzo global para construir el lenguaje digital de los negocios A realizar por todos los participantes en la cadena de suministro de información financiera. Http://www.xbrl.org

14 Nine Years Ago …October 14, 1999 XBRL began with the idea of a single individual - Charlie Hoffman, from a small CPA firm in a small town … … and 13 Sponsoring Companies

15 XBRL Adds Reporting to E-Commerce BUSINESS Investors Aggregators RegulatorsCreditorsLendersTaxWebsite Transaction Creation ERP G/L Packages CRM Orders A/P Delivery Customers Orders A/R Delivery 2-way Suppliers One way One way XBRL BUSINESS REPORTING (e-)Commerce OTHER XML INITIATIVES

16 XBRL Planned Specifications External Financial Reporting Business Operations Internal Financial Reporting Investment and Lending Analysis Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators XBRL for G/L Journal Entry Reporting XBRL for Regulatory Filings XBRL for Financial Statements XBRL for Audit Schedules XBRL for Tax Filings XBRL for Business Event Reporting Software Vendors Management Accountants Companies

17 XBRL: Multiples salidas - Una sola especificación Registro y CNMV Sitio Web Agencia Tributaria Banca Informes impresos Sistema contable Otras fuentes de información XBRL

18 XBRL: Multiples salidas - Una sola especificación CNMV Sitio Web Agencia Tributaria Banca Registro XBRL Inversores Otros

19 Regulatory Filings Market Data Assurance Company Financials Public Financials Company Financials Competitor/Industry Financials Financial Information Supply Chain Todays External Position Analyst Analytical Models

20 Regulatory Filings Market Data Assurance Company Financials Public Financials Company Financials Competitor/Industry Financials Financial Supply Chain Financial Information Intermediary Supply Chain External Position Analytical Models

21 XBRL documents can be: –Prepared efficiently –Exchanged reliably –Published more easily –Analyzed quickly –Retrieved by investors simply

22 1 2 3 4 Agenda Taxonomías XBRL Conclusiones XBRL XML

23 XBRL Taxonomies Equivalent to a dictionary They content all the elements to be used within a XBRL document Global taxonomies: AR y GCD International taxonomies: IASCF-IFRS y CRAS National-industry extensions National taxonomies: USA-GAAP, German GAAP, Australian GAAP Industry extensions

24 AR TAXONOMY Report Informationint-ar:ReportInformation Title of Accountants Reportint-ar:TitleReport Report Typeint-ar:ReportType Addresseeint-ar:Addressee Statements Coveredint-ar:StatementsCovered Balance Sheet Dateint-ar:BalanceSheetDate Income Statement Periodint-ar:IncomeStatementPeriod Statement of Comprehensive Income Periodint-ar:StatementComprehensiveIncomePeriod Statement of Stockholder's Equity Periodint-ar:StatementStockholdersEquityPeriod Cash Flows Statement Periodint-ar:CashFlowsStatementPeriod Reporting Methodint-ar:ReportingMethod Report Dateint-ar:ReportDate Dual Dateint-ar:DualDate Date of Dual Dateint-ar:DateDualDate Dual Date Noteint-ar:DualDateNote Accounting Standards Appliedint-ar:AccountingStandardsApplied Report Bodyint-ar:ReportBody Introductory Paragraphint-ar:IntroductoryParagraph Scope Paragraphint-ar:ScopeParagraph Opinion Paragraphint-ar:OpinionParagraph Explanatory Paragraphint-ar:ExplanatoryParagraph

25 IASCF-IFRS TAXONOMY Based on the IAS-IFRS bound volume A digital version of IAS-IFRS Primary Financial Statements Explanatory Disclosures and Accounting Policies

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28 Taxonomía CRAS Taxonomía DGI Extensión nacional Extensión sectorial Extensión nacional sectorial Extensión para una empresa Documento XBRL International Financial Reporting Standards ( Taxonomía IFRS-GP )

29 Banco de España C-EBS (Comité de Supervisores Bancarios Europeos) CNMV (Comisión Nacional del Mercado de Valores) ICAC (Instituto de Contabilidad y Auditoría de Cuentas) Registradores de España Entidades financieras españolas Información financiera. Entidades financieras europeas Información sobre Riesgos según Basilea II Sociedades emisoras. Información financiera Empresas españolas que emiten cuentas anuales según PGC 1990 Personas físicas y jurídicas a identificar SIIF (Sistema de Intercambio de Información Financiera) COREP (Common Solvency Ratio Reporting Framework) IPP (Información Pública Periódica) PGC-1990 (Plan General de Contabilidad) DGI (Datos Generales de Identificación) Organismo Regulador Taxonomía XBRL Entidad supervisada

30 1 2 3 4 Agenda Taxonomías XBRL Conclusiones XBRL XML

31 In Conclusion Adoption of XBRL will bring democratization of financial markets. XBRL and other XML derivative languages are going to change information generation and distribution. The information intermediation industry will have to change consequently bringing greater transparency to financial Information.