XBRL Iris

XBRL Solution & Services
What you need to know about May 13, 2009 XBRL!
IRIS Business Services (India) Pvt Ltd.
Todays Objectives
What 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
XBRL eXtensible Business Reporting Language

XBRL is ..perhaps the most revolutionary change in financial reporting since the first general ledger - Accounting Today "Technology is fueling a radical change in the way that business and individuals receive, process, and interact with data. - Christopher Cox, Chairman, Securities Exchange - 04/15/12 Commission, USA
What is XBRL?
XBRL (eXtensible Business Reporting 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 relationships between 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 and promote and support its adoption.
Inside XBRL
Multi dimensional financial data representations Financial reporting vocabularies (taxonomies) Aliases and other definition relationships Mathematical relationships between concepts Structure for authoritative policies and guidance Presenta tion
Cash & Cash Equivalents
Definitions
AKA Liquid Assets
References
Cash = Currency + Deposits
Calculatio ns
XBRL Item 200

Contexts
US $ FY2003 Budgeted
GAAP I.2.(a) CoA 1100
Formulas
Cash 0
Todays Objectives
IRIS is awarded project to convert the historical filings of US Companies into XBRL format XBRL is Born
XBRL in India
Corpfiling XBRL based filing platform adopted by BSE and NSE India becomes a provisional jurisdiction of XBRL Internation al ICAI develops XBRL taxonomy based on Indian GAAP (built by IRIS)
ICERS IRIS XBRL based filing platform was developed for BSE Corpfiling IRIS XBRL based filing platform is made mandatory by SEBI RBI launches IRIS XBRL based filing platform for Capital Adequacy Returns
Todays Objectives
XBRL at the SEC

XBRL is Born SEC XBRL Voluntary Filing Program 120 + companies including Infosys Technologie s Ltd 1. SEC XBRL Final Rule Released for all Public companies IDEA Interactive Data Electronic Application s
Electronic Data Gathering, Analysis and Retrieval System *(EDGAR)
Rating Agencies 2. SEC XBRL Final Tagging Rating Rule Released Changes for all Mutual Funds Jan 1, 2010 All Spanish All Chinese Public Public Companies Companies Mandated to Mandated to File XBRL File XBRL * Electronic submissions are governed by Regulation S-T, in conjunction with the EDGAR Filer Manual US Central Bank and FDIC Mandate XBRL Filings
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Timing of When the XBRL Rule Applies

Phase 1 15 June 2009 Phase 2 15 June 2010 Phase 3 15 June 2011
*Large Accelerate Filers: Exchange Act Rule 12b-2 generally defines large accelerated filers as an issuer that has common equity held by unaffiliated persons with value of at least US $700 million has been subjected to the Exchange Acts periodic reporting requirements for at least 12 months, has files at least one annual report and is not eligible to use the disclosure requirements available to smaller reporting companies for its periodic reports. ** Accelerated Filers: Worldwide public float is defined as the aggregated worldwide market value of the voting and non-voting common equity held by non-affiliated as of the last business day of the second fiscal quarter of the companys 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 for the 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 ending after the specified transition date.
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SEC XBRL Rule Highlight

The XBRL documents must comply with the updated SEC EDGAR Manual which contains over 200 rules Companies that do not meet the required rules deemed not current with their Exchange Act Report The XBRL documents are required to be posted on the companys website on the same day they are submitted to the SEC
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XBRL Filings
Input Output
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XBRL Excel
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Todays Objectives
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Creating XBRL Filings for SEC

Company Report
Map Taxonomy Tags with Line Items US GAAP Taxonomy
Create New Tags
Create company specific relationships
15,000+ Elements
XBRL 2.1 Validations SEC Edgar Manual Validations Final Document for Submission
Validation
Company Instance Document
Company Taxonom y
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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 for scientific research and the application of scientific advances to the development of new and improved products and their uses, as well as services and their application. Of these amounts, software-related expense was $2,842 million, $2,689 million and $2,626 million in 2006, 2005 and 2004, respectively. Included in the expense was a charge of $7 million and $1 million in 2006 and 2005, respectively, for acquired 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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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 for scientific research and the application of scientific advances to the development of new and improved products and their uses, as well as services and their application. Of these amounts, software-related expense was $2,842 million, $2,689 million and $2,626 million in 2006, 2005 and 2004, respectively. Included in the expense was a charge of $7 million and $1 million in 2006 and 2005, respectively, for acquired 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

IDEA will ensure that the SEC continues to stay ahead of the needs of investors, said Chairman Cox. This new SEC resource powered by interactive data will give investors far faster, more accurate, and more meaningful information about the companies and mutual funds they own. IDEAs launch represents a fundamental change in the way the SEC collects and publishes company and fund information and in the way that investors will be able 19, 2008 Aug. to use it.
Source: http://www.sec.gov/news/press/2008/2008-179.htm
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Todays Objectives
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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
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What can XBRL do 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 with peer companies Let you tell your story in your own words
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Why will XBRL benefit you?

I must state unequivocally that the purpose of introduction of XBRL is not to catch errant companies. In fact, with XBRL, companies will not make errors in their reporting if they are able to implement XBRL within the organization effectively,
-Swaminathan, CEO of IRIS Business Services
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Never Fear, IRIS is Near !!!

Skype xbrl.help, mail xbrl.help@irisindia.net or call 67231000 Helpdesk open 9 am 6 pm Mon Fri Queries will be directed to XBRL specialists
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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 Indias first XBRL solutions company IRIS is one of the founder companies of XBRL India & part of XBRL India Jurisdiction 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 and NSE XBRL compliant Bank Reporting solution for Indian Banks reporting to The 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 Non Structured or Structured Format
XBRL Based Electronic Reporting Platform for Regulatory Reporting & Information Exchange
XBRL Based Electronic Reporting Platform for Regulatory Reporting & Information Exchange
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XBRL Services
Outsourced Data Conversion Services
IRIS has a team of trained analysts that can create your financial reports in XBRL Format. The analysts have worked with US GAAP, IFRS and Indian GAAP Accounting 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 exposure draft) & the BASEL II Taxonomy IRIS is working on developing a taxonomy for a Stock Exchange in Africa
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About The Speaker Liv Watson

Member, Board of Directors, IRIS Business Services Private Limited
As one of the founding members of XBRL, I have been involved in XBRL for more than 10 years. I have seen the organization evolve from a small group of companies to an international organization supported by the worlds leading accounting, technology, financial services and regulatory agencies.
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XBRL Solution & Services

What you need to know about May 13, 2009 XBRL!

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

XBRL eXtensible Business Reporting Language

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

Cash = Currency + Deposits

XBRL Item 200

GAAP I.2.(a) CoA 1100

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

XBRL at the SEC

Electronic Data Gathering, Analysis and Retrieval System *(EDGAR)

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

Timing of When the XBRL Rule Applies

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

SEC XBRL Rule Highlight

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

Creating XBRL Filings for SEC

Create New Tags

Create company specific relationships

Company Instance Document

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

What could be tagged in a footnote?

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

What could be tagged in a footnote?

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

Interactive Data Electronic Applications

XBRL Solution & Services

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

What can XBRL do for investors and analysts?

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services

What can XBRL do for investor relations?

IRIS Business Services (India) Pvt Ltd.

XBRL Solution & Services