Workshop Instructors:

Jaret Klekota, Senior Manager, Assurance Services, XBRL Leader, Ernst & Young LLP

Joe Luczka, Director, Advisory, KPMG

Louis Matherne, Chief of Technology Development, Financial Accounting Standard Board (FASB)

Gregg Saunders, Lead Taxonomist, XBRL US

Mike Willis, Partner, PwC

Get Intensive XBRL Training at One-Day Workshop for SEC Filers in Washington, DC

Program features:

  •  Best practice topics including negative/positive signage, calculation relationships, dimensions, decimals, controls process for XBRL, working with the US GAAP Taxonomy Release 2013 and more
  •  Hands-on participation through facilitated exercises and discussions
  • Expert presentations and coaching by XBRL experts from top accounting firms including Deloitte, KPMG, PwC, Ernst & Young, and XBRL US, among others
  • Expert presentation and coaching with the most experienced XBRL and CPA professionals as instructors
  • 8+ CPE in NASBA’s Accounting Field of Study (NYSED-licensed)

Producing the highest quality XBRL is critical now more than ever.  Your XBRL filing has the same liability as your printed financials, investors are actively using your XBRL data and now even the U.S. Congress is getting involved, urging the SEC to leverage the XBRL corporate data it has available and to reach out to SEC filers who may have errors in their filing.*

Register now for this intensive, one day workshop designed to give you the information and tools you need to create the highest quality XBRL data.  Learn from the experts.  Get best practice.  You owe it to yourself and your company to invest in your own training.

Who should attend?

Public company preparers, accountants who work with public companies, for individuals who have already done XBRL creation and are looking for more in-depth practical information and skills, beyond basic training.

When & Where?

Tuesday, November 19, 2013, 8:30 am to 5:15 pm ET

Arent Fox offices, 1717 K St. NW, Washington, D. C.

Need directions?  Use http://goo.gl/maps/imdE2 – in this street view near the southern exit of Farragut North Metro, K Street is on the left side of the photo, the venue entrance is at center, and Connecticut Avenue is closest in the shot.

Please note: we do not have arrangements with local hotels for a group rate; to see some lodging options close to the venue, use the term “hotel” with the Google link above.

Agenda:

8:30 – 8:50 AM Breakfast and Registration
8:50 – 9:00 AM Opening Remarks
9:00 – 10:00 AM XBRL Fundamentals for External Reporting & Internal Audit
Session to cover basics of the SEC rule, introductory information on the XBRL creation process; will also cover potential risks and importance of establishing a controls process.
10:00 – 11:00 AM Establishing a Process for Data Quality and Internal Controls
To produce the best quality XBRL data requires a strong, consistent process. Learn about the AICPA’s XBRL Principles & Criteria, proper use of the Edgar Filer Manual, validation methods and other forms of guidance that you should incorporate into every step in your XBRL process. The role of internal audit will be covered.  This session will include facilitated discussion groups.  
11:00 – 11:15 AM Break
11:15 – 12:05 PM Dimensions Basics and Best Practice
Explore the fundamentals of working with dimensions (XBRL tables).  This session will cover how to bring the components of dimensions together to effectively and accurately create XBRL data.  Learn how to define financial disclosures in XBRL, when to use dimensions, how to use axis and members, when to extend and when to use taxonomy elements.  Learn from real-life case studies about how to avoid errors that could result in inaccuracies.
12:05 – 1:00 PM Lunch
1:00 – 1:50 PM The 2013 US GAAP Taxonomy Release – Critical Changes and How to Handle Them
Find out about the most important changes in the 2013 taxonomy and learn about the most effective way to make the transition.
1:50 – 2:40 PM Handling Decimals & Other Instance Document Issues
This session will cover common issues in instance document creation, including decimal disagreement, unit errors and how to work with the Units Registry, DurationItemType and DecimalItemType values. Learn how XBRL can be incorporated as a key component of the organization’s control environment to guard against issues and catch potential errors. Exercises and in-class discussions will be used.
2:40 – 3:00 PM Break
3:00 – 3:50 PM Calculations, Negative and Positive Signage
Effectively using calculation relationships and appropriate use of negative and positive signage on values continues to be one of the biggest challenges in XBRL creation.  This session will cover calculation and signage issues related to roll forward patterns, cash flow statements, gain/loss and increase/decrease concepts.  Exercises will be used to illustrate and clarify concepts discussed.
3:50 – 4:30 PM More Best Practice Topics
This session will cover a range of topics not already discussed, such as the use of Shares, handling dividends and more, all drawn from consensus decisions reached in the XBRL US Best Practice Committee.
4:30 – 5:20 PM How to Create Consistent, Quality XBRL Financials
This session will highlight the biggest problems in XBRL-formatted financials today and discuss an automated means to identify and correct for these problems, using rules built around each concept and combination of concepts in the US GAAP Taxonomy.  Rules are developed through a detailed analysis of XBRL formatted filings already submitted and through feedback from service and tool providers, filers and data users.  Rules are rigorously tested to ensure they catch the maximum number of errors but minimize false positives.  This session will cover the methodology used to create the rules that enable consistent, comparable XBRL data and minimize manual review.

*Letter dated September 10, 2013 from U.S. Congressman Darrell Issa, Chairman of the Committee on Government Oversight and Reform to Mary Jo White, Chairperson of the U.S. Securities and Exchange Commission.

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