Current Developments in XBRL Financial Reporting – Implementing Best Practice for Public Companies & Auditors

September 23 – 25 at Caesars Palace in Las Vegas, NV with over 14 CPE in Accounting Field of Study

Join public company preparers and auditors for two intensive days of training and education on XBRL for SEC reporting, plus updates on implementing new accounting standards in XBRL formatted financials. Sessions will be interactive and hands-on with an emphasis on practical case studies designed to ensure you walk away with knowledge and tools that can be applied immediately back at the office.

Representative Darrell Issa from the U.S. House of Representatives
Craig Lewis, U.S. Securities and Exchange Commission (SEC)
Hal Schroeder, Board Member, FASB, former Partner, Carlson Capital, L.P


Monday, September 23, 2013

5:00 PM – 6:30 PMPre-Conference Networking Reception

Tuesday, September 24, 2013

7:30 AM – 8:30 AM Special Breakfast Session: XBRL Fundamentals for External Reporting & Internal Audit ( 1 CPE)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.

7:30 AM – 8:45 AM Breakfast with Exhibitors
8:45 AM – 9:00 AM Opening Remarks by National Conference Advisory Committee Chair Arleen Thomas, Senior Vice President of Management Accounting and Global Markets, American Institute of Certified Public Accountants (AICPA)
9:00 AM – 9:30 AM Keynote: “Structured Data for Government Reporting”Darrell Issa, U.S. House of Representatives (California), Chairman of the House Committee on Oversight and Government Reform (videotape)
9:30 AM – 10:00 AM Keynote: “SEC Chief Economist View on XBRL”Craig Lewis, U.S. Securities and Exchange Commission (SEC) Chief Economist and Director of the Division of Risk, Strategy, and Financial Innovation
10:00 AM – 10:30 AM Break with Exhibitors
10:30 AM – 11:00 AM Keynote: “Investor Outlook on XBRL”R. Harold Schroeder, Board Member, Financial Accounting Standards Board (FASB), former Partner, Carlson Capital, L.P. (money manager)
11:00 AM – 11:50 AM Meeting the Goals of XBRL – Are We There Yet? (panel) ( 1 CPE)Regulators, standard setters and the investment community have high expectations for XBRL in terms of providing better, more actionable and more transparent corporate data. How close are we to meeting those goals and what has to be done to get there? Hear from the key stakeholders in the SEC implementation of XBRL for corporate reporting about where we are in the rollout, progress to date and challenges ahead.

  • Glenn Doggett, Director, Standards of Practice, CFA Institute
  • Louis Matherne, Chief of Taxonomy Development, Financial Accounting Standards Board (FASB)
  • Virginia Meany, Assistant Director, Office of Risk Assessment and Interactive Data, U.S. Securities and Exchange Commission
  • Mike Starr, Director, WebFilings (moderator)
11:50 AM – 12:40 PM Using Corporate Financial Data in XBRL (panel) ( 1 CPE)Public company financials provide critical information used by analysts to aid in investment decisions, by government to set policy, by public companies to make business decisions and by the media and watchdog groups to keep the American public informed. XBRL is changing the paradigm on corporate data, making it more accessible and more timely, but introducing new challenges that data vendors and intermediaries need to manage. This panel of data consumers will cover differences between traditional and XBRL data, how XBRL is being used today, how data providers manage the idiosyncrasies of XBRL and what we may see in the future.

  • Hamish Brookeman, Director, Data Architecture, SNL Financial
  • Christine Tan, Chief Research Officer, Oxide Solutions
  • Joe Luczka, Director, Risk Management Advisory Services, KPMG
  • Michael Schlanger, Vice President, Business Development and Strategy, Merrill Corporation (moderator)
12:40 PM – 1:40 PM Lunch with Exhibitors
1:40 PM – 3:00 PM XBRL Essentials:Establishing a Process for Data Quality and Internal Controls ( 1.5 CPE)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.

3:00 PM – 3:30 PM Break with Exhibitors
3:30 PM – 4:30 PM XBRL Essentials:Dimensions Basics and Best Practice ( 1 CPE)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.

  • Lou Rohman, CPA, CMA, CITP, Vice President – XBRL Services, Merrill Corporation
4:30 PM – 5:20 PM Concurrent SessionsFor Internal Auditors: XBRL Controls When You Outsource or Manage the Process Inhouse ( 1 CPE)Public companies can choose between outsourcing the entire XBRL process or using a software tool to create their own XBRL. Join this session to learn about the pros and cons of both approaches, from an internal audit standpoint. What are the potential IT and financial risks, how can they be measured and most importantly, how can they be effectively mitigated?

XBRL Essentials:Public Company Case Studies ( 1 CPE)

  • Monica Banuelos, Senior Director of Finance, International Finance, RGP
  • Rachael Ryan, Senior Manager, Technical Accounting and External Reporting, Honeywell International
  • Valerie Rose, Senior Data Administrator, Honeywell International
  • Mitzie Pierce, Director of External Reporting, Cardtronics, Inc.
  • Raul Varela, Vice President, Merrill Corporation (moderator)
5:20 PM – 6:10 PM Ask the ExpertsJoin this session to get your toughest XBRL creation and validation questions answered by the experts. Send questions in advance or bring them up at the meeting. Experts from the FASB, XBRL US and the top accounting firms will be there to field the most challenging questions that often are not addressed in traditional training sessions.

  • XBRL Essentials Instructors
5:30 PM – 6:30 PM Networking Reception with Exhibitors

Wednesday, September 25, 2013

7:30 AM – 8:30 AM Breakfast with Exhibitors
7:30 AM – 8:30 AM Disclosure Filings – Why One Size Does Not Fit AllThe SEC’s XBRL mandate in 2008 initiated the search by listed companies for the right solution to meet their disclosure obligations. With business needs as varied as the companies filing, and continually evolving, many organizations are discovering that what was the right solution two years ago, may not quite fit present or future requirements.Attend this panel session presented by Thomson Reuters, where your peers will share how they have evolved their filing solutions to meet changing business requirements and resources. Discussion topics will include:

  • New challenges facing external reporting teams that are prompting a reconsideration of existing processes, and potential pit-falls of migration
  • Survey of the advantages and disadvantages of software vs. full-service vs. a hybrid approach
  • Debate the merits of a flexible approach to XBRL filing
  • David Glassford, Director, Commercial Programs & Product Management, Thomson Reuters
  • Chris Freeman, AVP/Controller, Sound Community Bank
8:30 AM – 9:45 AM FASB Update on New ASUs ( 1.5 CPE)New Accounting Standards released by the FASB may need to be incorporated into your XBRL submission. This panel will discuss the new ASUs that require special consideration when working on your XBRL filing, how to implement them in XBRL and what tools are available to help. It will also provide a public company case study from Microsoft on how they incorporate new ASUs into their XBRL submissions.

9:45 AM – 10:35 AM Pending Legislation on Structured Data ( 1 CPE)This session will provide updates on legislative activities that relate to XBRL like the Digital Accountability and Transparency Act (DATA), and the Financial Industry Transparency Act. These pieces of legislation could have a significant impact on corporate and government reporting.

10:35 AM – 11:00 AM Break with Exhibitors
11:00 AM – 12:15 PM XBRL Essentials:Calculation Relationships, Negative & Positive Signage ( 1.5 CPE)Effectively handling calculation relationships, use of the correct signs (negative or positive), continues to be one of the biggest challenges in XBRL creation today. This session will cover these issues when dealing with roll forward patterns, cash flow statements, gain/loss and increase/decrease concepts and wil include exercises to help you understand how best to deal with them. Multiple footnote case studies will be used to illustrate.

12:15 PM – 1:15 PM Lunch with Exhibitors
1:15 PM – 2:05 PM XBRL Essentials:The 2013 US GAAP Taxonomy Release – Critical Changes and How to Handle Them ( 1 CPE)Find out about the most important changes in the 2013 taxonomy and learn about the most effective way to make the transition.

2:05 PM – 2:55 PM XBRL Essentials:Handling Decimals & Other Instance Document Issues ( 1 CPE)This session will 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.

  • Joe Luczka, Director, Risk Management & Advisory Services, KPMG
2:55 PM – 3:25 PM Break with Exhibitors
3:25 PM – 4:15 PM XBRL Essentials:More Best Practice Topics ( 1 CPE)This session will cover a range of topics not already discussed in other conference best practice sessions, such as the use of Shares, handling dividends and more, all drawn from consensus decisions reached in the XBRL US Best Practice Committee.

4:15 PM – 5:05 PM XBRL Essentials:How to Create Consistent, Quality XBRL Financials ( 1 CPE)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.

  • XBRL US Staff

Program Level:
Basic – Intermediate

Delivery Method:
Group-Live Over 12 CPE will be available for this event (Group-Live instructional delivery in NASBA Field of Study: Accounting). While there are no formal prerequisites or advance preparation necessary for CPE, attendees should be familiar with the SEC’s XBRL filing requirements and FASB’s accounting standards.


Trends in XBRL Data Consumption & Disclosure Management
Lisa Cousino of Thomson Reuters XBRL Best Practices and Professional Standards, discusses trends in data consumption and in the use of disclosure management by public companies. Click to listen or right-click to save as .mp3 for your playerThursday, September 19, 2013

SEC Filer Challenges After Limited Liability – Colby Santana of Thomson Reuters shares insights into biggest public company challenges now that limited liability has gone away.Click to listen or right-click to save as .mp3 for your playerWednesday, September 18, 2013

The Service Provider’s View – Current and Anticipated Directions in XBRL – Gary Purnhagen of DataTracks Services Limited discusses challenges for filers, trends among public companies related to XBRL in the enterprise, and other reporting possibilities.Click to listen or right-click to save as .mp3 for your playerFriday, August 30, 2013