XBRL Webinars: XBRL Fundamentals - The Interactive Data Series
The SEC’s mandate is now in effect, requiring companies to file exhibits to their quarterly and annual financial reports using eXtensible Business Reporting Language (XBRL). These exhibits are called instance documents. To help you cut through the mystery surrounding XBRL reporting, Host Analytics and NeoClarus are offering a series of free, informative webinars. Experts will take you through everything you need to know to get ready to successfully file instance documents. Here’s a look at what the four webinars will cover, from the basics through best practices gleaned from the early filers.
Webinar 1: Introduction to XBRL/Interactive Data Tags
Get the facts on what XBRL is and what’s required of your company. You’ll learn:
- SEC Rules – the SEC mandate and what it means to you
- Glossary – definitions of some key terms
- What is XBRL – what tagging does, what an XBRL taxonomy is
- When to file – filing deadlines and timing necessary to meet them; Rule 12b-2 definitions
- What’s the worry – your legal liability
- Who should be involved
- Where to find help – key resources, including the SEC’s EDGAR Filer Manual, the XBRL US GAAP Taxonomy Preparers Guide and the taxonomy review tool
Webinar 2: Fundamentals of XBRL
Examine the basics of XBRL taxonomy and how XBRL is organized. You’ll learn:
- Planning for XBRL - including financial controls and who should be involved
- Glossary – definitions of key terms
- The Instance Document – what an XBRL-formatted document contains
- Elements – how to construct XBRL components that represent financial reporting concepts
- Concept Mapping - how to effectively search for matching taxonomy elements
- The Linkbases – what they represent and why they must be included in a filing
- Contexts - entity- and report-specific information that allows tagged data to be understood in relation to other information, including Date Context, Company Context, currency, scale and precision
- Where to find help – key resources, including the SEC’s EDGAR Filer Manual, the XBRL US GAAP Taxonomy Preparers Guide and the taxonomy review tool
Webinar 3: Essentials of XBRL
Understand how to match financial statement captions and disclosures to XBRL concepts. You’ll learn:
- Mapping – how to match concepts that appear in financial statements to the appropriate element in an SEC-approved taxonomy
- Extensions – how to add company-specific concepts to your instance document
- Dimensions – how to tag tables
- Roll-Forwards – how to avoid errors
- Validation – what the SEC checks in instance documents to enable a successful filing
- Where to find help – key resources, including the SEC’s EDGAR Filer Manual, the XBRL US GAAP Taxonomy Preparers Guide and the taxonomy review tool
Webinar 4: Best Practices in XBRL
Thursday, April 15 -Replay Coming Soon!
Explore the lessons learned by Tier 1 filers, who have already been through the process of adding XBRL to their quarterly reports. You’ll learn:
- Tools – how and where Tier 1 filers use them
- Detailed Tagging – explanation of levels 2, 3 and 4 tagging of disclosures
- Rendering – displaying the instance document in the SEC viewer
- SEC Findings – review of the SEC’s observations and findings in Tier 1 filings
- Validation– a deeper look into what the SEC checks in instance documents to enable a successful filing
- Where to find help – key resources, including the SEC’s EDGAR Filer Manual, the XBRL US GAAP Taxonomy Preparers Guide and the taxonomy review tool