XBRL US Filing Update 10212209

US Filing 21 October 2009 Mike Willis, Chair, XBRL International Partner, PricewaterhouseCoopers [email_address] 001 813 340 0932

Discussion Topics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Overview of the SEC Mandate Implementation Timeline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SEC XBRL mandate – the first year ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SEC XBRL mandate – the second year ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key learning's & observations on initial XBRL submissions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Potential Adoption Alternatives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sample Vendors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1. More vendors listed on http://www.xbrl.org/tools and http://xbrl.us/Learn/Pages/ToolsAndServices.aspx

Implementation Implications Relative levels of effort http://www.xbrl.us/Learn/Pages/ToolsAndServices.aspx http://www.xbrl.org/tools Costs vary widely; Significant level of effort results in enhanced internal transparency; lower operational costs; enhanced process agility; etc. Altova (MapForce), Stylus (Studio), Fujitsu (XWand), Hitachi, Rivet Software, all ERP vendors, etc. “ Embedded” – Ledgers & Sub-ledgers Cost range from freely available open source to $5k to $10k depending on features Moderate level of effort (80–100 hrs) Rivet Software, Fujitsu, Corefilings, etc. “ Bolt-On” - In-house Costs vary widely. Initially - significant level of effort; Recurring – reduced overall effort Clarity Systems FSR, Trintech Unity, HFM, SAP EPM, etc. “ Embedded” – Report writer/consolidation Costs range $5k to $25k depending on level of service Minimum to Moderate level of effort Bowne, RR Donnelley, Merrill, EDGARizerX, BusinessWire, etc. “ Bolt-On” - Outsourcing Level of Effort Some potential Vendors Implementation Options

Key Outsourcing Considerations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key Software Considerations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Company-Specific Extensions ,[object Object],[object Object],[object Object],[object Object]

Company-specific extensions (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Edgar Filer Manual Compliance - Key learnings and observations on initial XBRL submissions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Corporate Website Posting ,[object Object],[object Object],[object Object]

Corporate Website Posting (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Disclosure best practices ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Quality Control Process Considerations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Early Adoption of Standardization Facilitates Process Enhancements ,[object Object],[object Object],[object Object],[object Object],[object Object],External Business Reporting Business Operations Internal Business Reporting Investment, Lending, Regulation Processes Economic Policymaking XBRL Global Ledger XBRL External Reporting

Sample Reporting Process = Manual Assembly/Review ERP 10-Q in Word Edgar Consolidation Application ERP ERP 10-Q in HTML 10-Q in XBRL Supplemental Data Review and Check Review and Check ,[object Object],[object Object],[object Object],[object Object],[object Object],1 2 3 4 5

Embedded = More Automated Assembly and Review ERP Edgar ERP ERP Supplemental Data Report Writer 10-Q in XBRL, Word, PDF ,[object Object],[object Object],[object Object],[object Object],[object Object],1 2 3 4 5 Consolidation Application

What you should do next ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What you should do next (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SEC EDGAR Filer Manual Things to consider ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SEC EDGAR Filer Manual Things to consider (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Software/Service (PwC analysis, September 2009) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Bowne ,[object Object],[object Object],[object Object]

Adoption Alternatives Pros and Cons Standardize to Streamline Compliance Processes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ Embedded” - mapping done within reporting application and available for all subsequent reports. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ Bolt-On” - mapping done subsequent to report completion and repeated for each report. Year 2 Mapping of 3,500+ Disclosure Elements Year 1 Mapping of 300 Disclosure Elements Implementation Options

XBRL US Filing Update 10212209

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XBRL US Filing Update 10212209