Attend this workshop for in-depth training, best practice and strategies to avoid common mistakes
- Intensive training using footnotes as case studies including pensions, PP&E, fair value measures, segment reporting, share-based compensation, non-controlling interest and pensions
- Best practice topics including negative/positive signage, calculation relationships, dimensions, decimals and other instance document issues, accumulated other comprehensive income statement, and debit/credit issues
- Hands-on participation through exercises and facilitated round-table discussion groups
- Expert presentation and coaching with the most experienced XBRL and CPA professionals as instructors
- 8.5 CPE in NASBA’s Accounting Field of Study (NYSED-licensed)
The limited liability provision on your XBRL submission is going away. The SEC and your shareholders are taking a closer look at XBRL formatted financials. Many companies are bringing XBRL in-house. You owe it to yourself, your management and your company to boost your skill level in XBRL creation NOW.
This one-day workshop will provide an in-depth review of the most critical best practice topics, drawn from the XBRL US Best Practice Committee findings; and show you how to avoid common errors that can result in inaccurate data in your XBRL submission, and data that is inconsistent with your own HTML filing.
Get training from the experts who built the initial US GAAP Taxonomy and who continue to maintain it today: the FASB, Deloitte, Ernst & Young, Grant Thornton, KPMG, PwC, and Merrill Corporation.
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?
Thursday, May 23, 2013, 8:00 am to 5:15 pm ET
The William and Anita Newman Vertical Campus (Baruch College, CUNY)
One Bernard Baruch Way (55 Lexington Ave. at 24th St.), Room 14-220
The venue is room 14-220 of Baruch College’s Newman Vertical Campus at 55 Lexington Avenue (enter on 24th Street). A map and directions can be found online. When you arrive on campus, please check in at the public safety desk then take the elevator to the 14th floor. Upon exiting the elevator, you will immediately see the registration desk.
We’re unable to offer hotel accommodations in connection with this event – view google results for nearby hotels.
8:00 – 8:30 AM Breakfast and Registration 8:30 – 8:45 AM Opening Remarks 8:45 – 9:45 AM Establishing a Process for Data Quality
To produce the best quality XBRL data requires a strong, consistent process. This session will cover 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.
9:45 – 10:05AM Understanding Dimensions
Take a quick walk through the components of dimensions, how they work together, what they mean, how you will use them in working through the upcoming exercises.
10:05 – 10:50 AM Best Practice: Issues in Dimensions
Learn the proper methods to build and manage dimensions in your XBRL document. Many XBRL documents have been published with errors related to the improper use of axis. You’ll get a solid understanding of how to create proper combinations of axis and members, and axis and line items. Improper axis extensions will also be covered. Participate in discussions and exercises, using real-life footnote case studies, such as fair value disclosures as examples.
10:50 – 11:05 AM Break 11:05 – 12:20 AM Best Practice: Calculation Relationships, and Negative and Positive Signage
Effectively handling calculation relationships and use of the correct signs, negative or positive, continues to be the biggest challenge in XBRL creation today. This session will cover the use of calculation relationships and signs when dealing with roll forward patterns, cash flow statements, gain/loss and increase/decrease concepts and will include exercises to help you understand how best to deal with them. Multiple case studies will illustrate common footnote disclosures.
12:20 – 1:10 PM Lunch & Facilitated Table Discussion 1:10 – 1:30 PM Non-Controlling Interest Exercise
Participate in an exercise built around the issues in dealing with non-controlling interests in the XBRL creation process.
1:30 – 2:15 PM Footnote Case Study: Segment Reporting
Walk through a detailed example of segment reporting and participate in exercises to deepen your understanding.
2:15 – 3:05 PM Dissecting the Instance – How Investors Use What You Create
Learn how investors use your XBRL-formatted financials. Find out how “all the pieces fit together” in an instance document and how each component, from the calculation relationships to the presentation tree to complex dimensions, are used by the data consumer to understand your XBRL financial statement. You’ll learn the importance of each item in your instance and your company extension and how they are used by financial databases and analysts to convey the investment outlook for your company. Find out how decisions you make that may result in negative input errors, calculation weight errors, and extensions can affect your corporate data.Special speakers for this session: Sara Noble, Director, BlueMatrix; Pranav Ghai, Co-Founder, Calcbench
3:05 – 3:20 PM Break 3:20 – 4:05PM Best Practice: Handling Decimals & Other Instance Document Issues
Getting decimals right is a critical aspect of XBRL creation. This session will cover decimal disagreement, unit errors and the Units Registry, the correct way to enter DurationItemType values and DecimalItemType values. Case studies will be used to illustrate the issue, covering topics such as Property Plant & Equipment, Share-based Payments and Pensions. Tabletop exercises will give attendees real-life examples for practice.
4:05 – 4:50 PM Best Practice: Accumulated Other Comprehensive Income & How to Incorporate New ASU
The 2013 release of the US GAAP Taxonomy includes requirements for new Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 22): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. Most filers need to address this new ASU in their XBRL filing. This session will cover the complexities and potential problems of the OCI Statement. Case studies will be used to illustrate the issues and group exercises to cement your knowledge.
4:50 – 5:10 PM Key Learnings from the DayThis session will provide a review of issues covered during the day and any additional topics that may have been brought up to ensure that attendees retain the knowledge gained 5:10 – 6:00 PM Networking Reception
Basic – Intermediate
Requests for refunds must be received in writing with refund amount as follows:
- 60 days prior to the event: 100%
- 30 to 60 days prior the event: 50%
- Up to 10 days prior to the event: 15%
For information regarding refund, complaint or program cancellation policies, call 202-448-1985 or email email@example.com