XBRL (eXtensible Business Reporting Language) for Public Companies

Learning Objective: Obtain the knowledge to setup XBRL software, taxonomies, tag all the components that are required by the SEC and submit filings.

XBRL, eXtensible Business Reporting Language, for financial reporting is upon us. Financial reporting professionals and IT staff must work together to become fluent with how XBRL works and how they will need to utilize it to comply with the SEC. This seminar instructs attendees on how to setup their XBRL business processes and to conduct the detailed tagging of face financial information and footnotes. The curriculum includes so-called 'instance documents,' teaches methods to extract financial figures from your existing systems and how to submit an XBRL file to the SEC. Clients often request that we customize courses to match the technology used in-house and we are happy to provide such adjustments.

Our training includes:

• Quick review of the SEC's requirements
• Mapping your financial statements to the taxonomies
• Tagging of footnotes, both Level 1 and the complex levels 2-4
• Establishing the document production cycle
• Designing a quality assurance process that is integrated in with other disclosure activities
• Deciding whether to outsource production
• Handling of unconsolidated subsidiaries
• Handling of supplemental schedules
• Incorporating non-GAAP content while using the GAAP taxonomy
• Determining when calculation extensions are appropriate and when standard tags should be used
• Setting up the procedure to submit the documents

 For a printable version of our XBRL Brochure - click here.