XBRL Awareness Seminar
Presented by the members of XBRL-US
12 Sept 2005, San Francisco
meeting hosted by Hitachi
webcast hosted by PR Newswire
Agenda




Welcome
Overview of XBRL; the need for standards (what)
Benefits of XBRL (why)
Overview of the SEC VFP; preparation case
study
 Technical overview (how)
 Wrapup and Q&A
XBRL Overview
What’s the Problem?
 Business reporting information producers,
processors, and consumers all looking for
increased efficiency
 Increasing costs of manual processing
 Increasing demands for additional processing (e.g.
Sarbanes-Oxley requires SEC to do more checking)
 Analysts need to track more firms, look at more
information for each firm
 Manual processing (i.e. rekeying) prone to errors
 Reuse, repurposing of information expensive
Why Change Business Reporting?
Data Preparer Pressures:
 Users/consumers are demanding more complete,
timely data
 Data is more complex
 Required to report more often, more quickly
 Need to decrease costs
Data User/Consumer Pressures:
 Greater transparency and detail
 Easier to process and make decisions
 Act more quickly
 Need to decrease costs
2
Consolidated Profit and Loss Account
for the year ended December 31, 2004
Blah
blah
blah
Blah blah
blah
blah
Blah
blah
blah
Blah blah blah
blah
blah
Profit
925
448
Blah
blah
blah
Earnings per share
3.6
11.0
Time to move into the 21st Century
 The Star Trek test: how should it work?
Can Automation Help?

Yes, but automation requires
1. Intelligent financial data
2. An agreement on how to describe the information, i.e.
a Standard
1. Intelligent Data
 Data that knows about itself; self-describing
 HTML/PDF are electronic, but not intelligent
 Simply an electronic version of a paper document; not
much better than a fax
 “The problem with WYSIWYG is that’s all you get”
 PDF not any better than an OCR’d printed report; data
still needs to be manually rekeyed and analyzed
 Example: FDA is moving away from PDF and towards
XML for pharmaceutical approval applications
You Can Probably Figure This Out
 In the following example, what does “1211”
represent?
XBRL International
1211 Avenue of the Americas
19th floor
New York, NY 10036
www.xbrl.org
 Easy for humans because context defines the
semantics of the content – but more difficult for
machines
But What’s This?
37
HTML Doesn’t Help…
<b>37</b>
…but XBRL Does
<OperatingProfit decimals="6"
unitRef="USD">37</OperatingProfit>
XBRL and XML
 XBRL is an application of XML, a means of
describing financial information using XML syntax
 Intelligent data that can be




Reused
Repurposed
Exchanged/submitted
Machine processed
XBRL the Next Big Thing
 Gartner lists XBRL as one of four “Next
Generation Architectures” together with Service
Oriented Architecture, Web Services Enabled
Business Models, and Business Process
Platforms
“Next Generation Architecture will constitute the third big
era in the IT industry’s history (the first having been the
hardware era and the second belonging to software).”
(23 Aug 2005)
2. Need for Standards
 For intelligent information exchange to work we
need agreed-upon ways to describe the
information
 Examples of standards




Electrical plugs and sockets
Traffic laws
Fax machines
Railroad gauges
The Railroad Example
Business Reporting Supply Chain
Processes
Business
Operations
XBRL
Internal
Financial
Reporting
External
Financial
Reporting
XBRL
XBRL
Financial
Publishers
and Data
Aggregators
Companies
Participants
Trading
Partners
Investment,
Lending, and
Regulation
Management
Accountants
Auditors
Software Vendors
Regulators
Investors
Two Things Named “XBRL”
 XBRL is a technology used for financial reporting
 XBRL is a consortium formed to promote the
adoption of the technology
The XBRL Technology
 “tag” or “element”: the wrapper for each data point
 XBRL specification: defines XBRL taxonomies
and instances
 XBRL taxonomies: the set of elements (tags)
used to define your data
 XBRL instances: the file created using a
taxonomy, which contains financial information
that you create and deliver
The XBRL International Consortium
 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
The XBRL-US Jurisdiction
 “The mission of XBRL-US is to make XBRL the
de facto standard for all internal and external
business reporting for U.S. organizations”
XBRL US Member Companies
Adobe Systems
AICPA
AIG
Allocation Solutions
BDO Seidman
Booz Allen Hamilton
Bowne & Co.
Business Objects
Business Wire
Capital Printing Systems
Capricorn Research
CCH Tax and Accounting
Cognos
Creative Solutions
Deloitte & Touche
Dynamic Access System
EDGAR Filings
EDGAR Online
Ernst & Young
FactSet Research Systems
FDIC
Financial Executives International
Forum Systems
Fujitsu
GCom2 Solutions
Grant Thornton
Hitachi America
Innodata Isogen
Institute of Management Accountants
Ipedo
KPMG
Merrill
Microsoft
Morgan Stanley
PR Newswire
PricewaterhouseCoopers
PTC
RIA Compliance/Thomson
Rivet Software
RR Donnelley
R.S. Rosenbaum
SAS Institute
SavaNet
SimpleX Data Technologies
Standard Advantage
UBMatrix
Xaware
Importance of XBRL
 Toshimi Takahashi, VP Information
Division,Hitachi
XBRL Usage & Benefits
 Personas and Their Relationships
Institutional
Investors
IR
Investors
Business Entity
Accountants
Audit
Loan Processing
SEC / Information
Provider
Submission
Submission
Financial
Information
Financial
Institutes
Bond Issue /
Capital Issue
Subsidiaries
Submission
Tax Agency
Off-Site Monitoring
FDIC
XBRL Usage & Benefits
 XBRL makes international economic activities transparent,
efficient, and active.
 Reduce cost of analyzing and reporting financial information
 Increase speed and efficiency of business decisions
 Enhance the distribution and access of existing financial
statement information
 More readily exchanged
 Increase and enhance analysis
Benefits of XBRL
 Liv Watson, Vice President XBRL Strategy,
EDGAR Online
About EDGAR Online
EDGAR Online, the trusted source for business information,
harnesses technology to provide financial data on global
companies along with analytical tools.
 Serving professionals in the financial, corporate, and
advisory sectors.
 Most advanced technology-enabled processes available for
extracting data from public and private sources.
 Immediate transformation of data into actionable information.
Professionals in the new regulatory environment are demanding
greater transparency of financial data; EDGAR Online is focused
wholly on satisfying that demand.
Today’s Discussions
 Benefits of XBRL to the business community.
 Benefits of XBRL for improvement to financial
reporting models.
 Benefits of XBRL to Accounting Standard Setters.
 Benefits of XBRL to the audit professional
 Benefits of XBRL to corporate financial manager
and analyst.
 Growing global support for XBRL
Benefits of XBRL to the business community
"The effect that XBRL will have on the business
community will be more significant than the transition
from paper and pencil analysis of financial information
to the use of electronic spreadsheets,…
… In the next three to five years, XBRL will move from
the early adopter phase to become the generally
accepted way to report business information. As a
result, corporations will simplify the process for
issuing business reports, and the public will find it
easier to get the information they need to make
informed investment decisions."
Mike Willis, Partner.
PricewaterhouseCoopers & Founding Chairman of XBRL International.
Benefit of XBRL “smart data”
Standardization
Presentation
Presentation
Comptant et Comptant
Cash
& Cash Equivalents
現金及び現金等価物
Equivalents
References
Label
Cash Equivalents
And Short Term
Investments
XBRL
XML
XBRL
Item
Item
<200>
Calculation
GAAP I.2.(a)
Instructions
Ad Hoc
disclosures
Formulas
Cash = Currency +
Deposits
Cash ≥ 0
Contexts
Validation
US $
FY2004
Budgeted
The benefits of standardized data include:
• More accurate data collection
• Faster data availability
• Easier aggregation, analysis and dissemination
Benefits of XBRL for improvement to financial
reporting models
“I encourage you to follow the discussion about the use of tagged data
and to provide us with your thoughts. I believe that XBRL has the
potential to bring about further improvement to our financial
reporting model. Likewise, I am encouraged by the Enhanced
Business Reporting Consortium's efforts to develop a voluntary,
internationally recognized framework for presenting industry-specific
key performance indicators and disclosure of non-financial
information about opportunities, risks and management's strategies
and plans. And I would like to acknowledge the important role that the
AICPA has had and continues to have in this effort. This represents
the type of discussion and action that should be occurring in the
marketplace as we all seek to improve the value of information for
investors”
Remarks before the 2004 AICPA National Conference on Current SEC and PCAOB Developments
Washington, D.C. December 6, 2004
Donald T. Nicolaisen
Chief Accountant, Office of the Chief Accountant
U.S. Securities and Exchange Commission
EDGAR Online’s Sample Form 8-K
SEC – XBRL Voluntary Filing Program
http://pro.edgar-online.com/marketing/infoxbrl.asp
Benefits of XBRL to Accounting Standard Setters.
International Accounting Standards Board (IASB)
“We are determined to express ourselves more
simply and by removing the differences between
standards around the world making it simpler for
users of accounts to compare companies from
different jurisdictions. I believe that XBRL is doing
the same for the way financial reporting
information is transmitted. The XBRL International
consortium is committed to developing in the public
interest a set of high quality, understandable and
workable electronic standards that simplify the
exchange and interpretation of financial reports in
different operations world-wide.”
Sir David Tweedie
Chairman, International Accounting Standards Board
A simple example…
<ifrs- p:TradeAndOtherReceivablesNetCurrentcontextRef=
"Current_AsOf" unitRef="U-Euros" decimals="0">490000</ifrsp:TradeAndOtherReceivablesNetCurrent>
<ifrs-gp:TradeAndOtherReceivablesNetCurrent
contextRef="Prior_AsOf" unitRef="U-Euros"
decimals="0">590000</ifrs-gp:TradeAndOtherReceivablesNetCurrent>
1
2
3
4
5
A
B
Sample Company (Inc)
Receivables
Change
% of current assets
C
£490,000
-17%
29%
D
£590,000
45%
German IFRS-GP Label Linkbase
http://xbrl.iasb.org/int/fr/ifrs/gp/2005-05-15/GermanTranslationPage.html
Italian IFRS-GP Label Linkbase
http://xbrl.iasb.org/int/fr/ifrs/gp/2005-05-15/ItalianTranslationPage.html
Portuguese IFRS-GP Label Linkbase
http://xbrl.iasb.org/int/fr/ifrs/gp/2005-05-15/PortugueseTranslationPage.html
Benefits of XBRL to the audit professional.
 For the audit professional operating in the increasingly complicated
Sarbanes-Oxley environment, XBRL can save significant time and
client expense when performing key audit exercises such as fraud
analysis and benchmarking. The transparency provided by XBRL can
also help internal corporate auditors and audit committees ensure that
their own company financials are without issue, thereby reducing their
own exposure and personal liability when vouching for financial
integrity.
 Example: A benchmarking study is now part of most public audits and
can take several weeks to complete depending on the complexity of the
company or industry and the amount of information to be gathered. XBRL
could reduce that time significantly by providing a single standard with
which to compare companies across sectors and industries.
Why is XBRL important to the audit professional?
“pieces of business information can be
entered anywhere
in a supply chain, flow into a
company's general ledger, then be
reported out in any form needed by the
auditor or its trading
partners”
Eric Cohen
XBRL Global Technical Leader Vice
PricewaterhouseCoopers LLP
The Founding Father of XBRL /GL
Benefits of XBRL to corporate financial manager
and analyst.
 For the corporate, XBRL saves time and money by
reducing the amount of comparative analysis of both
internal and external financial statements. With the XBRL
standard, users can quickly and easily analyze key
company metrics versus results from other divisions within
the corporation, competitors or industry averages without
the time-consuming processes now necessary to ensure
peer-to-peer and industry analysis.
 Example: Corporations do a significant amount of research on
both internal and competitive financial analysis. A benchmarking
template that might take two weeks to populate from various data
sources could be updated immediately, using XBRL data from a
single source.
Better informed financial and management decisions
"XBRL helps companies, analysts, investors and other audiences to make better
informed financial and management decisions and to leverage the capabilities
of the Internet to facilitate the exchange of financial information…
………XBRL provides an efficient and reliable means of information exchange
without changing existing accounting standards. And, because it is based
upon standardized, underlying data tags, XBRL does not require a company
to disclose any additional information beyond that which it normally discloses
in its current financial statements."
"We believe XBRL will have a positive impact on preparers of financial reports by
streamlining the process and benefiting investors by improving their access to
financial information."
Barry Melancon
President and CEO of AICPA
Capitalizing on XBRL through Enhanced Analysis
The new I·Metrix family of products provides XBRL data and solutions today
 I·Metrix solutions provide users with the most timely fundamental and
supplementary data, analytical templates and toolsets at a
substantially lower price point than our competitors.
XBRL: It’s Unstoppable
XBRL and Excel
Immediate Verification
Challenges facing XBRL adoption
XBRL is still in the process of developing and being adopted
which means:
• U.S. industry specific taxonomies such as Insurance and
Oil & Gas are not complete
• Existing taxonomies continue to change and evolve based
on feedback from the field
• Internal reporting software may not yet accommodate
XBRL data or upgrades may be required
• Maturity of the existing XBRL-enabled tools may be an
issue
• Staff training will be needed
In Conclusion
“The movement toward world-wide convergence of
accounting standards, public and private calls for
more transparency, tighter regulation and oversight,
and the emergence of new technologies has created
a driving need for corporations to fundamentally
change the way they prepare and distribute corporate
performance data. XBRL can and will play a major
role in helping a corporation go beyond simply
keeping up with the changes.”
Liv A. Watson
Vice President of Global Strategy
EDGAR Online, Inc.
Links for further reading:
 XBRL International:
 www.xbrl.org
 FASB’s XBRL site:
 www.fasb.org/project/xbrl_project.shtml
 SEC’s XBRL site: SEC XBRL Spotlight Page:
 http://www.sec.gov/spotlight/xbrl.htm
 Final Rule Release Establishing XBRL Program:
 http://www.sec.gov/rules/final/33-8529.htm
 EDGARLink Filer Manual
 http://www.sec.gov/info/edgar/edmanuals810.htm
 Frequently Asked Questions About the XBRL Program
 http://www.sec.gov/info/edgar/xbrlfaq032105.htm
 For general inquiries: xbrlprogram@sec.gov

Whitepaper: XBRL: The Changing World of Financial Reporting
 http://www.edgar-online.com/contact/feiwebcast.aspx
Thank you!
Liv A. Watson
EDGAR Online Inc
Vice President of Global Strategy
Chair: XBRL International Jurisdiction Development Committee
Board Member: Institute of Management Accountants
E-mail: lwatson@edgar-online.com
Phone: +1 (203) 852-5703
XBRL: Transforming Financial and Business Reporting
SEC VFP overview; case study
 Ruth Kaufman, International EDGAR Manager,
RR Donnelley
SEC Voluntary Filing Program –
SEC’s Interest in Assessing XBRL
 SEC’s Mission:
 Protect investors and maintain the integrity of the securities
markets
 Potential Impact of Tagged Data and XBRL
 Internal  Screening / Risk Assessment
 Financial statement reviews
 External  Streamlined and more effective communication of company
results
 Better and faster investor access to financial information
 Improved analysis for investors
SEC Voluntary Filing Program –
Objectives
 To analyze the use of XBRL in the marketplace today
including:
 Maturity and capabilities of the XBRL standard
 Maturity of the standard GAAP taxonomies
 Involvement of various stakeholders in the development
and use of XBRL
 Software available for data tagging, and consumption &
analysis of XBRL data
 Level of effort and cost to tag data in XBRL format
 Usefulness of tagged data for Commission processes
 Suitability of XBRL data for investor analysis & review
SEC Voluntary Filing Program –
Final SEC Rules
• Amendments to Regulation S-T establish
voluntary program
• EDGAR Filer Manual updated for XBRL upgrade
to EDGAR system
• Voluntary Filing Program commenced
April 4, 2005
• Volunteers may furnish supplemental financial
information using XBRL
• Official HTML or TEXT filings still required
SEC Voluntary Filing Program –
Form of Submissions
XBRL documents are furnished as Exhibit 100 to:
• Exchange Act periodic reports
• Exchange Act Reports on Forms 8-K or 6-K
• Investment Company Act filings
XBRL documents are disseminated on EDGAR
SEC Voluntary Filing Program –
Registrants Have Flexibility
The VFP program does not:
 Limit participation by size, specific industry, or type of
registrant.
 Impose any filing deadlines:
 Furnish no earlier than the related Exchange Act filing
 Impose a minimum level of tagging beyond financials (i.e.,
volunteers have flexibility in determining the nature and extent
of tagging).
 Require volunteers to certify the XBRL-related documents.
 Require auditors to attest to the financial information included
in the XBRL-related documents.
 Require participation for a set period of time (free to start or
stop any time).
The Program has established appropriate liability protections for
volunteers and allows participants to resubmit XBRL-Related
Documents, if deemed necessary.
SEC Voluntary Filing Program –
Description of XBRL Data
Volunteers must provide disclosures about the XBRL
documents:
 Use cautionary language
Users of this data are advised pursuant to Rule 401 of Regulation S-T that the information contained in the XBRL
documents is unaudited and these are not the official publicly filed financial statements of ABC Corporation. The purpose
of submitting these XBRL formatted documents is to test the related format and technology and, as a result, investors
should continue to rely on the official filed version of the furnished documents and not rely on this information in making
investment decisions.
In accordance with Rule 402 of Regulation S-T, the information in this Current Report on Form 8-K, including Exhibit
100, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into
any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act,
except as shall be expressly set forth by specific reference in such filing.
 Describe as “unaudited” or “unreviewed”
 Forms 8-K and 6-K must reference the official filing to
which the data relates
SEC Voluntary Filing Program –
Content of XBRL Documents
Mandatory Content:
• Complete set of financial statements, however:
• Notes to financial statements may be omitted,
• Schedules may be omitted, but IM companies must
include Schedule I – Schedule of Investments
or
• Earnings information in a Form 8-K or 6-K
or
• Financial highlights or condensed financial
information for IM companies
SEC Voluntary Filing Program –
Content of XBRL Documents
Optional Content:
• Audit opinion
• Interim review reports
• Reports of management on the financial
statements
• Certifications
• MD&A (or MDFP for IM companies)
SEC Voluntary Filing Program –
Format of XBRL Documents
 Data elements must reflect the same information
in the related official filing:





text
line item names
associated values
dates
other labels
 No data element in the related official filing can
be changed, deleted or summarized
SEC Voluntary Filing Program –
Format of XBRL Documents (continued)
 XBRL documents must correlate to the appropriate
taxonomy (extensions are allowed):




Commercial and industrial
Banking and savings institutions
Insurance
Investment companies
 Each data element must be matched with appropriate tag
in the taxonomy (e.g., $100 million in revenues must be
tagged as <revenues> to correlate to official filing)
 XBRL documents may contain mark-up related content
not found in official filing to comply with the XBRL
specifications and EDGAR Filer Manual requirements
(e.g., <inventory>)
Case Study - Motivations to Participate in
SEC Voluntary Filing Program


Better Understand and Evaluate XBRL
Improve Usability of Reports for Stakeholders:
Investors, Lenders, Regulators






Enhanced analytical capabilities
 Performance versus other companies
 Performance versus multiple prior periods
Lower cost of consuming information
Faster access to information which allows for more timely
decision making
Enhanced functionality
Prepare to Comply with Potential Future Mandates to
use XBRL in Filings
Improve Internal Efficiency of Financial Reporting

Decrease costs, time and effort
Case Study Considerations
 What applications do you currently use to
create compliance documents?
 What do you use for GL?
 How do you connect them?
 Re-keying introduces errors
Case Study - Approach
 Dual roles: reporting entity and filing agent
 Created cross-functional team (Finance,
Marketing, Operations, IT, IR, etc.)
 Educate, educate, educate
 Decide on initial approach and obtain Executive
buy-in
Case Study – Business Decisions
WHO?
 Identify Project Leader
 Determine team members
 Assess level of internal and external expertise needed
WHAT?
 Should we file our own XBRL?
 Which document should we choose?
 How deep should we tag (F/S, MD&A)?
 Should a rendering/viewing be created to proof XBRL?
 Internal sign-off?
 Legal for 8-K / Finance for XBRL
 Additional steps after SEC submission (website, IR
activities, internal awareness)?
Case Study – Business Decisions
WHEN?
 Start with 12/31/04 year-end information or 2005
quarterly information
 Expected Frequency: once or periodically?
HOW?
 At which data point should information be tagged in
XBRL (e.g., ERP, G/L, Word document)?
 Select core taxonomy to be used
 Which software should be utilized?
 Which processes should be followed in order to create,
review, validate, submit and post the Instance
Document and Taxonomy Extension?
Case Study - Process
 Following official filing, map line items to existing
tags and flag items to go in extension taxonomy
 New items are created and presentation and
calculation linkbases set up
 Create contexts, units
 Populate data
 XBRL level validation
 SEC level validation
 Render and proof
 Test, test, test…. and then test again
 File
Case Study Observations
 The first time a company places their financials in
XBRL requires a significant time commitment.
The company will have to map tags to each data
point on their financials.
 Subsequent forays take significantly less time
since the tags have been previously established.
 XBRL is code that a computer understands – it
will not make sense to a human eye.
Case Study – XBRL: Machine Readable
Case Study – XBRL – Business Reporting
Equivalent of the Barcode
Efficiency
Savings
Quality
Feel free to ask SEC Staff about the
Voluntary Filing Program
 Jeff Naumann naumannj@sec.gov, Brigitte Lippmann or any of the
other names listed on the final rule release
(www.sec.gov/rules/final/33-8529.htm)
 General inquiries: xbrlprogram@sec.gov
Other Resources
 www.XBRL.org
 Accounting professionals
 Filing agents
 Software vendors
XBRL Technical Overview
 Wayne Harding, VP Business Development, Rivet
Software
Think about…
Information that is easier to use will be
used more!
How?
Provide structure to the information!
Road Blocks
 Costs – the “ROI”





Learning curve
Application purchase
Labor hours
“No time”
Sometimes payback is hard to quantify
Why the SEC needs help…
see also: sec.gov/spotlight/xbrl.htm
700000
600000
500000
400000
# of Filings
Avg size
300000
200000
100000
0
2000
2001
2002
Source: EDGAR On-line
2003
2004
2005*
* = filings annualized based on 6 months
Think of a spreadsheet…
200,000
Think of a spreadsheet…
$ 200,000
Think of a spreadsheet…
Revenue
$ 200,000
Think of a spreadsheet…
Year ending 2004
Revenue
$ 200,000
Think of a spreadsheet…
Year ending 2004
Revenue
$ 200,000
The Result:
<period>20041231,duration=12mos</period>
<revenue> USD,200000</revenue>
Financial
Statements
Consumers of
Financial
Statements
Apply XBRL Core
Schema
Apply “Taxonomy”
Financial
Statements
Extend “Taxonomy”
(if needed)
Instance Document
Creation
Consumers of
Financial
Statements
Web Site (formatted
via a “style sheet”)
Analytics (e.g., Edgar
On-Line iMetrics)
New Releases
Via PR Newswire
Regulatory Filings
To Create an XBRL Document
(“Instance Document”)
 Native within your existing application(s)





Oracle
SAP
SAS
Hyperion
Audit Software: ACL, Caseware
 Part of a suite – MBS and FRx
 Third party tools
 Hitachi
 Fujitsu
 Rivet
To Create an XBRL Document with Rivet





Use Excel™ and Word™
Establish the Entity
“Tag” the data
Validate the data
Export into an instance document
Establish the Entity
“Tag” the data
Validate the data – Part One - Viewer
Validate the data – Part II
Export into an Instance Document
Think about…
Information that is easier to use will be
used more!
How?
Provide structure to the information!
SEC VFP Filers
Wrapup
Summary of Presentations




XBRL Overview
Benefits of XBRL
SEC Voluntary Program; Case Study
Technical Overview
Available Resources
 FAQs, tutorials, case studies, list of available
tools, specifications, presentations, etc.
 www.XBRL.org
 www.XBRL.org/US
 Public discussion email list
 http://finance.groups.yahoo.com/group/xbrl-public/join
 Unofficial websites
 http://www.xbrlspy.org/
 http://xml.coverpages.org/xbrl.html
 http://bryant2.bryant.edu/~xbrl/
Call to Action: XBRL-US Membership
 Organizational or Individual/Academic
memberships
 Includes membership in International consortium
 Benefits of membership:
 Participation in creation of specifications; set direction
of specs, make sure they meet your needs
 Early access to specifications; first to market
 Networking with XBRL experts
 Exposure as supporter of XBRL
 For more information see www.XBRL.org/US/join
Call to Action: Participate in SEC VFP
 Markup your financials in XBRL
 Submit to SEC
Q&A