Presentation Date: Sunday August 2, 2009
  Presentation Time: 8:00 am-12:00 pm

CPE Session 29

Introduction to XBRL (featuring classroom applications & current events)

Presented By:

Glen L Gray, California State Univ, Northridge

Clinton White, University of Delaware

Description: The objective of this workshop is to introduce accounting educators to XBRL (eXtensible Business Reporting Language) and the family of technologies being developed to support business reporting and the “publication, exchange and analysis of complex financial information.” XBRL now includes taxonomies (dictionaries of standard terms) for financial reporting for all major categories of companies filing under US GAAP and for mutual funds filing risk and return information. The SEC has passed a ruling requiring the 500 largest domestic companies to begin filing in XBRL format by mid-2009, followed by a phase in for all other publicly-traded companies over three years. The SEC has also voted to require mutual funds to file risk and return information beginning in 2011. Topics covered in this workshop will include at least the basics of XBRL financial documents, understanding and using XBRL taxonomies, and classroom applications. No prior knowledge of XBRL is expected. Workshop participants will work with classroom tested applications. The workshop leader will be Professor Clinton (Skip) White, University of Delaware and Professor Glen Gray, California State University, Northridge.

Field of Study: Computer Science
Program Level: Basic

Intended Audience: The intended audience is ccounting educators and practitioners. No prior experience with XBRL is required.

Format/Structure: The format of the Introduction to XBRL will be lecture with hands-on examples for those with laptop computers.

Learning Objective: Understand the basics of XBRL financial reporting Create financials in XBRL format Use the US GAAP XBRL v1.0 taxonomies Understand the SEC XBRL reporting requirements

Prerequisites: None

Advanced Preparation Required: None

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