Post on 28-Dec-2015
XBRL Financial Reporting Supply Chain Architecture
Agenda
Introduction
Financial Reporting Domain
XBRL Financial Reporting Supply Chain Architecture
Conclusions
XBRL Financial Reporting Supply Chain Architecture
Introduction
Financial Reporting Supply Chain (FRSC)
Numerous participants
Sophisticated legal requirements
Inefficiencies in data exchange and data analysis
eXtensible Business Reporting Language (XBRL)
XBRL Financial Reporting Supply Chain Architecture
Agenda
Introduction
Financial Reporting Domain
XBRL Financial Reporting Supply Chain Architecture
Conclusions
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Domain Analysis
Accounting as “... the process of identifying, measuring and communicating information to permit judgements and decisions by user of the information” [AAA1966]
XBRL Financial Reporting Supply Chain Architecture
Results of the Analysis (Data View)
Reporting scenario
Auditors reporting
Group reporting
Capital markets
reporting
Supervisory reporting
Statutory reporting
Tax reporting
Credit Risk Reporting
Underlying legal
regulations
HGB, IFRS, US GAAP
HGB, IFRS, US GAAP
IFRS, US GAAP
IFRS, US GAAP
HGB, IFRS, US GAAP
HGB HGB, IFRS
Financial information
Financial statements,
management report,
financial report,
auditors’ report
Financial statements,
management report,
financial report
Financial report
Financial report
Financial report
Tax financial statements
Financial statements
XBRL Financial Reporting Supply Chain Architecture
Results of the Analysis (Other Views)Reporting scenario/
View
Auditors reporting
Group reporting
Capital markets reporting
Supervisory reporting
Statutory reporting
Tax reporting Credit Risk Reporting
Function Audit, archiving
Consolidation, analysis
Publication, analysis
Analysis Publication Analysis, archiving
Analysis
People Audited company,
auditor
Subsidiaries, parent entity
Public companies,
stock exchanges, investors
Public companies, supervisor
Companies, companies
register
Companies, tax offices
Borrowing companies, commercial
banks
Network Paper, Excel, Word, PDF
Excel, proprietary formats,
integrated systems
HTML, PDF, integrated
systems, XML, paper
Paper Paper, RTF, Word, Excel,
XBRL
Paper Paper
Time Directly after preparing
Directly after preparing or after audit
Three months after year end
Within 20 days after publishing
Within four months after
publishing
Within five months after year
end
On request and at the year
end
Motivation Assurance of financial
information
Providing a fair view of the
group
Providing investors with a fair view on the
public companies
Protection of the capital markets
participants
Providing general public with financial
information
Revealing malpractice and mistakes of tax
payers
Securing the borrowings
XBRL Financial Reporting Supply Chain Architecture
Agenda
Introduction
Financial Reporting Domain
XBRL Financial Reporting Supply Chain Architecture
Conclusions
XBRL Financial Reporting Supply Chain Architecture
Basic Defintions and Concepts
Model
Architecture
Models as a subset of the architecture according to the Zachman [Zach1999] and Sinz understanding [Sinz1997, 876-878]
Source Definition
Shaw and
Garlan
“Specification of the parts and connectors of the system and the rules for the
interactions of the parts using the connectors.” [ShGa1996]
Zachman Logical construct for controlling the interfaces and integration of system components.
[Zach1999]
Source Definition
Schütte A model is a result of the construction of the modeller, which represents the original
object for the model user by means of relevant modelling language and in a certain
point of time. [Schu1998, 59]
XBRL Financial Reporting Supply Chain Architecture
Zachman Architecture FrameworkSix views
DataFunctionNetworkPeopleTimeMotivation)
Five levels of abstraction
ContextualConceptualLogicalPhysicalOut-of-context)
[modified after STKB2006, 27]
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Supply Chain Architecture – Data View (Contextual)
Data componentsSource documentGeneral journalGeneral ledgerTrial balanceAdjusted trial balanceFinancial statementsTax code financial statementsAdditional informationAudited financial statementsFinancial report
Data structures
Chart of accounts
Accounting standards
Additional regulations
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Supply Chain Architecture – Data View (Conceptual)
XBRL Financial Reporting Supply Chain Architecture
XBRL Financial Reporting Supply Chain Architecture – Data View (Conceptual)
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Supply Chain Architecture – Function View (Contextual)
Function componentsRecording transactionJournalisingGL postingTrial balance preparationAdjusting trial balanceFinancial statements preparationAuditingFinancial report preparationReport deliveryReport consolidationReport publicationReport archivingReport analysis
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Supply Chain Architecture – Network View (Conceptual)
Fax
Post
Personal
Integrated systems
Internet
Paper
File
Text file
HTML
Spreadsheet
XML
XBRL
XBRL
uses
uses
uses
uses
uses
uses
uses
uses
uses
uses
uses
uses
XBRL Financial Reporting Supply Chain Architecture
XBRL Financial Reporting Supply Chain Architecture – Network View (Conceptual)
Integrated systems
Internet
File XBRL
uses
uses
uses is basis for
Text file
HTML
Spreadsheet
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Supply Chain Architecture – People View (Contextual)
XBRL Financial Reporting Supply Chain Architecture
Financial Reporting Supply Chain Architecture – Time View (Conceptual)
Capital markets reporting
Supervisoryreporting
Auditors reporting
Statutory reporting
Tax reporting
Credit risk reporting
Group reporting
Processes without time constraint
Processes without time constraint
01.01.2007 - 31.12.2007Financial year
XBRL Financial Reporting Supply Chain Architecture
XBRL Financial Reporting Supply Chain Architecture – Motivation View (Conceptual)
Provide assurance on financial reports
Provide fair view of the group
Provide fair view of the company
Provide general public with financial
information
Reveal malpractice and mistakes of tax
payers
Secure the borrowings
supports
supportssupports
supports
supports
supports
supports
Protect the capital market participants
supports
XBRL introduction in financial
reporting supply chain
supports
supports
supports
supports
supports
supports
XBRL Financial Reporting Supply Chain Architecture
Models Overview
Financial Reporting Supply Chain Architecture
XBRL Financial Reporting Supply Chain Architecture
Data (What)
Function
(How)
Network
(Where)
People
(Who)
Time
(When)
Motivation
(Why)
Objectives/ Scope
(Contextual) + + + + + +Enterprise Model
(Conceptual)
Data (What)
Function
(How)
Network
(Where) People (Who) Time (When)
Motivation
(Why)
Objectives/ Scope
(Contextual) + + +Ø Ø
+Enterprise Model
(Conceptual) Ø Ø
XBRL Financial Reporting Supply Chain Architecture
Agenda
Introduction
Financial Reporting Domain
XBRL Financial Reporting Supply Chain Architecture
Conclusions