MACPA Case Study @ XBRL US - Falatko & Hood
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Transcript of MACPA Case Study @ XBRL US - Falatko & Hood
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XBRL for Nonprofit Financials
Maryland Association of CPAs
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• 8,500 CPA members • $6.5 million budget • 34 employees
Maryland AssociaHon of CPAs
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• Global Ledger • BoJom up approach • “Free” the data • Faster informaHon
What Intrigued us?
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• It will change how they work! • Less compiling • More analysis and interpretaHon
Why is this important to CPAs?
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• Mapping was a challenge • Non-‐Profits need their own taxonomy • XBRL would be beneficial in the non-‐profit community
IniHal work on XBRL
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• Tagged at the transacHon level • Tagged our membership database & Dynamics • Pulled from both to populate reports • Drill down capability • Faster informaHon
Recent XBRL work…...
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• Difficult to quanHfy • More detail • Faster • AutomaHon • Deeper informaHon
Global Ledger Savings?
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• Map accounHng data to XBRL Global Ledger Taxonomy
• Use Dynamics and Am.Net • Use Excel data import for KPI analysis, other apps • UHlize Global Ledger data to automate internal financial reporHng process – KPIs, Audit, Freedom of Data
Technical Overview
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• Membership database – AM.Net – A/R – A/P – Event Data – No Accruals accounted for in reports
• Microsoc Dynamics – Accruals – Budgets – FRX Reports
MACPA’s AccounHng System
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• AccounHng Systems Don’t talk to each other
• Staff require different data sets
• “Are the numbers right” – manual process response
Disconnects/Fix
• XBRL Global Ledger! • AlternaHve soluHon: – Give Dynamics and Am.Net an UlHmatum: Stop ignoring each other or we are switching to QuickBooks unHl they start behaving.
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• Altova Mapforce • IdenHfy correct informaHon – tables in DB • Use SQL to retrieve relevant data • AccounHng Data to XBRL GL Taxonomy • Process XBRL GL Data using SQL • Create batch files to update instance documents
Mapping
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AM.Net to XBRL GL
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Dynamics to XBRL GL
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AccounHng Data Dynamics Microsoc Dynamics
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AccounHng Data
Associa'on Management Database
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XBRL GL Data
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Excel XML Import
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Financial Scoreboard Graph
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Audit Worksheet Budget vs. Actual
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Drill Down Internal Statements
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Drill Down Internal Statements 2nd Level Down
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Drill Down Internal Statements Third Level
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• Faster movement of data • Reduced manual effort • ReducHon of errors • Comparability across other organizaHons • Deeper analysis – TransacHon level detail availability – Annual, Quarterly, Monthly for past 11 years of data
Global Ledger Benefits?
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• Non-‐profit taxonomy • Form 990 populaHon • SBR in Maryland? • Direct Cash Flow Statement -‐ With drill down • Salesforce.com • Sharing data
Where are we going?
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Consider Global Ledger
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Set Your Data Free!
Copyright Paramount Pictures
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• Eric Cohen – PwC • Mike Willis – PwC • Tara LeFave – Altova • Beth O’Brien -‐ Altova • Taylor Hawes – Microsoc • Chethan Gorur – Trintech
Thanks to…….
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• Skip Falatko • [email protected] • Linkedin hJp://
www.linkedin.com/pub/skip-‐falatko/4/14b/332
• Thomas Hood • [email protected] • Linkedin
hJp://www.linkedin.com/pub/thomas-‐hood/17/76a/5a1
Contact info………