Introduction to XBRL ConsortiumNewcomers Session

Presenter: Grant Boyd - Chair XBRL-Marcomm.

General Manager - Corporate Services - Institute of Chartered Accountants of New Zealand

Introductions

Name, company, etc.Why are you here?What do you expect to get out of

XBRL International?Who would you want to network

with?How do you want to contribute?

Today’s AgendaThe XBRL Vision/Mission/GoalsGuiding PrinciplesInternational & Jurisdictional

StructureHow we are organized

Work group participationXBRL ProcessWhat to expectMembership responsibilities

How you get involved

The XBRL Vision A worldwide consortium of participants in the

business and financial information supply chain. Oversee the creation, development, submission and

maintenance of the XBRL specification and related taxonomies for business & financial reporting data.

Over the next 5 to 10 years, all worldwide electronic business reporting and exchange of business reporting information between machines, applications, and people will be available using XBRL as the language of choice.

The XBRL Mission

To enhance the availability and cost effectiveness of creating the business reports of today and tomorrow

Goals

The primary goal of XBRL is to reduce the cost of information, accelerate its flow, increase its usefulness and globalize its form and content.

Short Term GoalsEducation (Training)

More rapid creation and dissemination of materials and knowledge about how to use XBRL

Specification (Technology) Ongoing Clarification - keep 2.1 stable for 12 months

TaxonomiesEncouragement of continued open development of taxonomies.

Guiding Principles Market driven model – WIN – WIN - WIN

Start simple, be inclusive

Broad supply chain participation Members support XBRL Members do not compete on the “framework” Build structure & systems to support open community

& parallel taxonomy development Liaison with other XML efforts Neutral 3rd Party facilitator Long term success – XBRL International

Why International? Enhanced participation

Web is a global platform/local content Facilitates broader participation Includes all supply chain participants Leverage cross jurisdictional resources

Creation of a Market Demand Pull/Adoption

XBRL International Governance & Operational Structure

Working Groups

Domain

Basel II

Marketing & Comm.

CRAS.CRAS.

SpecificationSpecification

International Working Groups

GL…

Working Groups

Established at both International and Local level ( except SPEC) to further XBRL developments

Details on the website of the groups and their objectives

At Large Members

Individuals who provide valuable contributions to XBRL

Ability to elect eight to the Steering Committee

Jurisdictions

Each Country has a seat on the Steering Committee.

Each Country responsible for XBRL adoption

Jurisdictional Expectations Actions—

Vigorous executive support Commit resources Implement within your organizations Publish your financial statements Enable your applications and/or tools Recruit others to join XBRL Ensure interoperability with other Internet initiatives Urge adoption of XBRL by other companies Be the leader

What you can do Attend Participate

Take responsibility Communicate

E-groups (XBRL-INT, XBRL-jur, XBRL-public, etc.) Instructions for posting [TOOLS], [GEN], itd. Keep postings to PUBLIC issues

www.xbrl.org

Look for opportunities

Tools and Help

Website has a number of tools and lots of information

www.xbrl.orgDownload the Jurisdictional

Jumpstart kitJoin the e-groups

QUESTIONS?