Makoto Koizumi Chair, Best Practice Board (CY2010) Fujitsu Research Institute - XBRL International
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Makoto Koizumi
koizumi.makoto@jp.fujitsu.com
Chair, Best Practice Board (CY2010)
Fujitsu Research InstituteOverview of organization 2009 outcomes BPB 2010 Goals and Activities
Overview of organization 2009 outcomes BPB 2010 Goals and Activities
BPB Mission The XBRL International Best Practices Board (BPB) actively manages the production, dissemination, and continual improvement of products and resources that describe practices, methods, and processes for successful implementation, integration, maintenance, and usage of XBRL specifications • BPB charter can be found at: http://www.xbrl.org/BestPractices/
• Makoto Koizumi - Chair - Fujitsu Research Institute (BPB Chair Blog - http://mk10016.wordpress.com/) • Michele Romanelli - Banca d’Italia • Ignacio (Nacho) Boixo - Bank of Spain • Richard Plotka - Data Communiqué • Yossi Newman – Deloitte • Diane Mueller – XBRLSpy Research Inc. • Dennis Newcomer – XII Staff Director
BPB Work Plan • The BPB charter enables the BPB to charter ad hoc or permanent Practice Working Groups (PWGs) to develop work products. The BPB has chartered four permanent PWGs • Taxonomy Architecture Practice Working Group (TAPWG) • Reporting Processes Practice Working Group (RPPWG) • Project Management Practice Working Group (PMPWG) • Taxonomy Recognition Task Force (TRTF)
Overview of organization 2009 outcomes BPB 2010 Goals and Activities
• First phase of FRTA upgrade complete
• Developed listing of world wide XBRL projects vetted through
user community (RPPWG)
• Developed requirements document for project
• Issued Requests for Comments (RFC) on:
• Taxonomy comparison framework RFC (TAPWG)
• Project Management Practice Working Group (PMPWG)
Intellectual Property Policy document
• Element localization RFC (TAPWG)
See http://www.xbrl.org/RFCs/ for more informationOrganizationUndertakingPr
ProjectType ProjectName ProjectBriefDescription oject EntityType Country
Exchange Abu Dhabi
Use of XBRL by regulators Banco Central de la
Regulatory Central Bank of to collect information from Republica Argentina
Reporting Argentina Project those they regulate. (Central Bank of Argentina) Government Argentina
Use of XBRL to collect
Regulatory Buenos Aires Stock financial information of Buenos Aires Stock
Reporting Exchange Project listed companies. Exchange Stock Exchange Argentina
Use of XBRL by regulators Australia Prudential
Regulatory APRA Statistics to collect information from Regulation Authority
Reporting Project those they regulate. (APRA) Government Australia
Use of XBRL by regulators
Regulatory Australian Bureau to collect information from Australian Bureau of
Reporting of Statistics Project those they regulate. Statistics Government Australia
Regulatory Use of XBRL for reporting
Reporting Australian SBR to government. Australian Government Government Australia
Use of XBRL by regulators
Regulatory Australian Tax to collect information from
Reporting Office Project those they regulate. Australian Tax Office Government AustraliaBPP Area Issues Explanation / Background / What is the Question?
Project Assurance "How do I handle assurance on public accounts?" Are
Management there any best practices e.g. agreed upon solutions?"
There is currently no public standard for providing
assurance on public accounts in XBRL. If your project
target public accounts, you need to decide how to
handle this up front. The current solutions seen in
different project are primarily that the XBRL report is
an additional data-focused
report/exhibit/attachment to the paper based
report. Assurance on the XBRL report is typically
“agreed upon procedures”, if any. (example: SEC-US).
For non-public accounts or reports between a
proprietary assurance solution can be developed. I.e.
the participants in the reporting chain agree, that
when submitting XBRL reports through the xx-
channel, this always means that the submitter has
done xxx assurance work (example: Dutch solution)
Project Project Members "When setting up the project - in terms of members
Management who do I need in the project team?" Get the right
project members. Experience from almost any XBRL
related project shows that a critical success factor is
to include project participants with other skills than
just it-expertise.Overview of organization 2009 outcomes BPB 2010 Goals and Activities
Good news:
• Number of XBRL projects has grown (we captured
136 projects)
• Number of organizations with interest in /
consider to adopt XBRL have grown
• Number of taxonomies to be recognized are
explodingNumber of XBRL projects in the market has grown
International
EMEA
Development
In Production
APAC
AMERICAS
0 10 20 30 40 50 60 70 80
Source: World Wide Project Listing Database• Market asks BPB to provide:
• Self explanatory document to explain XBRL’s value
proposition
• Single point of access for market practice documents
• An official group to make network between seasoned
XBRL project managers and person who considering to
start XBRL projects
• Fine-tune Taxonomy Recognition Process
• Technical information for applications to handle XBRL1. Continue to develop XBRL Best Practice
2. Fine-tune the taxonomy recognition process to
meet market demands
3. Lead the collection of market practices and
organize on XII web site
4. Develop XBRL value proposition document based
on common business reporting processes
5. Establish a social networking mechanism to
exchange latest information on XBRL
See detail at http://www.xbrl.org/frontend.aspx?clk=SLK&val=127http://www.xbrl.org/frontend.aspx?clk=SLK&val=128
URL: http://www.xbrl.org/BestPractices/
URL: http://www.xbrl.org/BestPractices/
http://www.linkedin.com/
Complete the development of detailed Frequently
Asked Questions (FAQ)s to address specific concerns
associated with project management of XBRL
projects.
Create an Project Managers Implementation
checklist to a address specific processes encounters
when implementing XBRL Communicate value proposition of XBRL as it
applies to the Business Reporting Supply
Chain (BRSC).
Targeting new users of XBRL with information
on introductory XBRL concepts and principals
◦ Focus on reporting processes Complete Financial Architecture Reporting
Taxonomy (FTRA) revisions including
underlying UML model and modernization to
deal with new specifications and to provide a
roadmap for taxonomy design choices
◦ Release a public comment version of FRTA and
conformance suite by 2010-10-01.
Expand principals of FRTA to address non-
financial projects Fine-tune the taxonomy recognition process
to meet market demands
◦ Develop and Document Additional "Validated""
Assertions“
◦ Develop and Document Additional "Recognized""
Assertions“
◦ Develop and Document Additional "Established""
Assertions“BPB and all PWG welcome your participation!!!
Very first step…:
◦ Stay at BPB track and expand your network
◦ Register and participate one or more PWG
Registration process is very simple
◦ Share your experience and case study
Comment to the RFC documents
Become a member of XBRL PM Network
◦ And so on…
Fundraising? Year! It sounds fantastic!! (☺)
Any other suggestion is welcome!You can also read
