XBRL US Workshop - Northeast (2015)

Tuesday, May 19 12:00 PM ET – Wednesday, May 20 4:30 PM ET 1 1/2 days; up to 13 CPE

Hosted & Sponsored by:
This event will be at the AICPA offices in the News Corporation building, 1211 Avenue of the Americas https://goo.gl/maps/Ve4yS.

Workshop Instructors:

Bryan Castrantas, Senior Associate, PwC

Donna Johaneman, XBRL Project Manager, Financial Acconting Standards Board (FASB)

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

Joe Luczka, Risk Consulting, KPMG LLP

J. Louis Matherne, Chief of Taxonomy Development, FASB

Melissa Nicholson, Assistant Project Manager, XBRL, FASB

Lou Rohman, CPA, CMA, CITP, Vice President, XBRL Strategy and Development, Merrill Corporation

Nicole Shaw, XBRL Senior Consultant, Deloitte & Touche LLP

Get Advanced XBRL Training at the XBRL US Workshop Northeast in New York City

Join public company accountants and auditors at a practical, 1 ½ day workshop in XBRL SEC reporting with an emphasis on interactive exercises and solution discussions. You’ll hear keynote speaker J. Robert Brown, Jr., Law Professor, University of Denver, who serves as Secretary on the SEC’s Investor Advisory Committee; and you’ll participate in working sessions on XBRL best practice.

The advanced program minimizes general presentations in favor of practical working sessions using case studies and examples to demonstrate best practice with expert facilitators on hand at all times. The high instructor to attendee ratio guarantees that every registrant will walk away with questions and specific issues in XBRL creation addressed. Sessions and small group discussions will be led by CPAs from the FASB, Deloitte, Ernst & Young, KPMG and PwC. Attendees will get:

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. Optional session and exercises available for newcomers to XBRL to get them quickly up the learning curve.

Preliminary Agenda:

Tuesday, May 19
12:00 – 5:00 PM Registration
12:30 – 1:30 PM
Optional Session
Fundamentals of XBRL Filing
Session will cover basics of the SEC rule, technical terms you need to know, introduction to the XBRL creation process and information to give you a foundational understanding of the US GAAP Taxonomy. Great for newcomers to XBRL or as a refresher for the more experienced.
1:30 – 2:00 PM Opening Remarks
2:00 – 3:00 PM Required Values Not Reported
During this session, attendees will tackle exercises to help understand how to ensure that XBRL documents include all necessary concepts and to avoid unnecessary extensions that may confuse regulators and shareholders.
3:00 – 4:00 PM Successfully Navigating the Taxonomy and Limiting Extensions
Find out how to effectively and efficiently find needed elements in the taxonomy and learn how to determine whether the XBRL document needs extensions. What’s appropriate, what’s not? How many extensions is too many? And how do extensions affect end users of the data?
4:00 – 4:25 PM Break
4:25 – 5:00 PM Keynote: J. Robert Brown, Jr.
Secretary, SEC Investor Advisory Committee;
Chauncey Wilson Memorial Research Professor of Law, Director, Corporate & Commercial Law Program, University of Denver, Sturm College of Law
5:00 – 6:00 PM Networking Reception
Wednesday, May 20
8:30 – 9:00 AM Breakfast
9:00 – 10:30 AM Dimensions
XBRL tables are critical components of SEC submissions. This 90 minute session will walk through the components of dimensions (XBRL Tables) to set the stage for identifying and correcting errors in dimensions, which is the most common problem for filers in XBRL exhibits.
10:30 – 10:50 AM Break
10:50 – 11:35 AM Improving XBRL Data Quality
Regulators and shareholders actively use corporate XBRL data today but they have identified numerous errors in the data produced by XBRL-formatted financials. Catching and correcting these problems can be challenging. This session will walk through different forms of validation and how public companies can use them to identify and resolve errors.
11:35 AM – 12:00 PM Incorrect Dates part I
Learn the importance of matching context date with report period. Find out appropriate use of periods with subsequent events and forecasts; and learn how to effectively use the scenario axis. Hands-on learning through exercises ensures that knowledge is retained through real-world examples.
12:00 – 1:00 PM Lunch
1:00 – 1:30 PM Incorrect Dates part II
1:30 – 1:50 PM FASB Update
Attend this brief session for an update on changes in the current taxonomy, led by FASB XBRL experts.
1:50 – 2:50 PM Signage
Incorrect negative values and positive values continue to plague XBRL submissions leading to miscommunication about your company’s investment outlook with key stakeholders including regulators, investors and analysts. Participate in exercises that help you learn how to identify the correct sign for elements selected for your own XBRL financials.
2:50 – 3:05 PM Break
3:05 – 4:05 PM Calculation Error Resolution
Calculation errors occur when the calculation weight is incorrect, the relationship defined is incorrect, or when a needed linkbase is missing. This session will address these issues through examples and case studies with exercises and discussion.
4:05 – 5:00 PM Creating the Shareholders Equity Statement
Take a deep dive into the appropriate way to create the Shareholders Equity statement. This session will review different methods in effectively creating an accurate statement.

Field of Study: Accounting

Program Level: Intermediate-Advanced

Delivery Method: Group-Live

About XBRL US Events

CPE credit available for this eventXBRL US, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Learn about XBRL US Event Policies.