1 / 29

UPDATE

Discover why XBRL is crucial for stakeholders in improving performance, financial reporting, and compliance. Uncover the mission, goals, and initiatives for 2014. Explore the unique benefits of structured data and executable business rules embedded in XBRL. Learn how XBRL differs from XML and Excel, and its significance in regulations such as CRD IV and SOL II. Gain insights into improving resource allocation and decision-making with XBRL. Stay informed about enhancing specifications, communication strategies, and developing a sustainable business model in the XBRL community.

kaitlin-hays
Télécharger la présentation

UPDATE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. UPDATE

  2. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  3. Who are our key stakeholders? ANALYSTS THE ENTERPRISE REGULATORS

  4. Who are our key stakeholders? ✗ ANALYSTS ✗ THE ENTERPRISE ✓ REGULATORS

  5. We are… • An active, determined, global coalition of people focused on making performance, financial, compliance and regulatory reporting better for our communities. • Our global community is diverse. • But we need to focus on our key stakeholders: our regulators.

  6. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  7. XBRL? NO THANKS!

  8. STRUCTURED DATA AND EXECUTABLE BUSINESS RULES? YES PLEASE!!

  9. Key usp#1

  10. Key usp#2 CLEAR DEFINITIONS BUILT INTO TAXONOMIES PUBLIC BUSINESS RULES BUILT INTO TAXONOMIES MULTI-DIMENSIONAL DEFINITIONS AND TRANSPORT MULTI-DIMENSIONAL DEFINITIONS AND TRANSPORT MULTI-DIMENSIONAL DEFINITIONS AND TRANSPORT + + + EXTENSIBILITY

  11. Key usp#3

  12. Xbrl ≠ xml!XBRL ≠ EXCEL! ✗ ✓

  13. Conceptual model OBLIGATIONS MODEL FOR REGULATION (CRD IV/SOL II) ABSTRACTION METHOD (DPM) FORMALLY PROVABLE BUSINESS RULES (XBRL)

  14. BUT NOTE! Asymmetric benefit Key USP: Testable & Provable Sustained growth Funding Conundrum

  15. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  16. NOTHING BETTER!

  17. WHY?

  18. BECAUSE XBRL EXISTS TO:IMPROVE REPORTING∴ IMPROVE DECISION MAKING∴ IMPROVE RESOURCE ALLOCATION

  19. IMPROVE RESOURCE ALLOCATION

  20. A PUBLIC GOOD

  21. <> PUBLIC GOOD

  22. PUBLIC GOOD

  23. Today OUR STAKEHOLDERS WHY XBRL TODAY? MAKING OUR MISSION EXPLICIT THREE GOALS FOR 2014

  24. Three initiatives • ENHANCE AND ENERGIZE OUR SPECIFICATIONS WORK • RECAST OUR COMMUNICATIONS AND BRAND • DEVELOP PLANS FOR FUTURE BUSINESS MODEL

  25. specs • We need new energy and new focus on our Specs. • We need to be able to clearly communicate our goals and the pathway to them. • We need to focus on quality and outcomes. • We need the community to work together.

  26. specs • We need new energy and new focus on our Specs. • We need to be able to clearly communicate our goals and the pathway to them. • We need to focus on quality and outcomes. • We need the community to work together. REQUIREMENTS BASED CLOSER TO STAKEHOLDERS

  27. communications • XII’s purpose and brand are misunderstood. Make the implied, explicit. • We need: • Clear messaging. • Supportive, educational materials filled with real examples. • Data-backed not Hype or Hope. • (And a vastly better website. ahem)

  28. New business model • Two key questions: • Funding • Community • Stay tuned!

  29. QUESTIONS?

More Related