Current Developments in XBRL Financial Reporting – trends and best practice techniques for SEC filers

Attendees got information on new developments in accounting standards including Revenue Recognition, Discontinued Operations and Disposal Groups. They learned about recent, significant US GAAP Taxonomy changes in Pensions and Fair Value.

This year’s program emphasized two key themes:

  • Creating XBRL Data through best practice and new tools; and
  • Using XBRL Data to learn how regulators, auditors, public companies and your own shareholders use corporate XBRL data.

Opening Plenary & Keynotes

XBRL US Conference Advisory Committee Chair Al Berkeley & XBRL International CEO John Turner
Taylor Hawes, General Manager for Finance Systems & Operations at

John Connors, Partner at Ignition Partners


Monday, September 15, 2014

5:30 PM – 6:30 PM Pre-Conference Networking Reception

Tuesday, September 16, 2014

7:30 AM – 9:00 AM Breakfast with Exhibitors
7:45 AM – 8:35 AM Optional Pre-conference session: Introduction to XBRL (1 CPE)
Get the XBRL fundamentals for SEC filers. For newcomers and for those looking for a refresher, this session provides the basics of mapping, tagging, terminology and process to get you up-to-speed and ready to attend the Intro/Intermediate session later in the day.

Jaret Klekota, Senior Manager, Ernst & Young LLP
Joe Luczka, Director, Advisory, KPMG LLP

9:00 AM – 9:30 AM Keynote: Opening Remarks
XBRL is not just for US corporate reporting. Learn how corporate XBRL data is used around the world for securities reporting to facilitate cross-border investment. Find out about the DATA Act, legislation mandating structured data for government reporting, confirming the importance of data standards in all reporting domains.

Al Berkeley, Chairman, Principal Capital Management, and Chair, XBRL US Conference Advisory Committee
John Turner, CEO, XBRL International

9:30 AM – 10:00 AM Keynote: Taylor Hawes, General Manager, Finance Systems & Operations, Microsoft
Find out about trends in data consumption, including Microsoft’s use of XBRL data internally for competitive purposes.
10:00 AM – 10:30 AM Keynote: John Connors, Partner, Ignition Partners
Learn about Big Data trends and how your own corporate financial data is being used. Explore how XBRL is changing the dialogue between public companies and their stakeholders including shareholders, the media and regulators.
10:30 AM – 11:00 AM Break with Exhibitors
11:00 AM – 11:50 AM Disclosure Management Systems – How To Maximize Effectiveness (1 CPE)
Disclosure management systems are becoming more commonly available as a tool for public companies to manage many aspects of their disclosure requirements. Learn from your peers in this panel of public company external reporting managers as they present the pros and cons of disclosure management systems and provide insights into how you can get the most from your own financial reporting process.

Kristin Kelsch, Director of External Financial Reporting, Time Warner

Joe Luczka, Director, Advisory, KPMG LLP
Leena Roselli, Senior Manager, Research, Financial Executives Research Foundation
Steve Olsen, Chief Accounting Officer, Signature Group Holdings
Evette Barbier, External Reporting Manager, Marathon Oil Corporation

11:50 AM – 12:40 PM Controls Around Disclosure Management (1 CPE)
This session will address the topic of controls around disclosure management systems, e.g., the impact of the 2013 COSO framework, the affect on XBRL, etc.

Charles E. Harris, Partner, PwC
Michelle Linders Wagner, Senior Manager, Enterprise Risk Services, Deloitte & Touche
Leena Roselli, Senior Manager, Research, Financial Executives International

12:40 PM – 1:40 PM

Lunch with Exhibitors

1:40 PM – 2:40 PM Revenue Recognition, Discontinued Ops, Disposal Groups & More – FASB Update (1 CPE)
Join the accounting standard setters at the FASB to learn about ASUs that affect your financials and your XBRL. Explore the latest changes in Revenue Recognition, Discontinued Operations and Disposal Groups and more. Most importantly, you’ll get detailed information on how to incorporate these changes into your XBRL financials effectively with exercises to help you learn.

Donna Johaneman, XBRL Project Manager, FASB
Susan Yount, Director of Reporting Practices, Workiva
Chad Sandstedt, co-Founder, CEO, Tagnfi
Louis Matherne, Chief of Taxonomy Development, FASB (moderator)

2:40 PM – 3:00 PM XBRL Essentials Concurrent Session: Icebreaker Discussion


Start the XBRL Essentials Intro/Intermediate sessions with a brief topical discussion facilitated by XBRL instructors at each table.

Jaret Klekota, Senior Manager, Ernst & Young LLP


Get to know your instructors and peers through a brief facilitated discussion at your table.

Lou Rohman, CPA., CMA, CITP, CGMA, /vice President – XBRL Services, Merrill Corporation

3:00 PM – 4:00 PM XBRL Essentials Concurrent Session: Dimensions & Revenue Recognition

Intro/Intermediate (1 CPE)

Attend this session for best practice in modeling dimensions, using Rev Rec as a case study. This session is designed for preparers with two or fewer years XBRL expertise, looking to expand their knowledge and improve the quality of their XBRL. Lessons learned can apply to any footnote or face financial. Participate in group discussions and case studies.

Jaret Klekota, Senior Manager, Ernst & Young LLP
Lisa Cousino, Manager, XBRL Professional Standards and Best Practice, Summit Financial Printing

Advanced (1 CPE)

Learn how to tackle more difficult dimension challenges, following best practice, using Rev Recognition, Segments and other complex dimensions as case studies. This session is geared to preparers with significant XBRL expertise looking to expand on existing knowledge and improve the quality of their XBRL. Lessons learned can apply to any footnote or face financial. Participate in group discussions and case studies to cement your knowledge.

Lou Rohman, CPA, CMA, CITP, CGMA, Vice President – XBRL Services, Merrill Corporation

4:00 PM – 4:30 PM Break with Exhibitors
4:30 PM – 5:30 PM XBRL Essentials Concurrent Session: Calculations & Discontinued Ops/Disposal Groups

Intro/Intermediate (1 CPE)

Effectively creating calculation relationships, managing positive and negative signs in the instance document, continue to be the most challenging aspects of XBRL creation. This session will cover these topics, using Discontinued Operations and Disposal Groups as case studies. Session content is geared for preparers with two or fewer years of XBRL experience who need to increase their knowledge and make sure they have the basics. Exercises will be conducted in a group setting.

Eric Klinger, Manager, Deloitte

Advanced (1 CPE)

Signage and effective management of roll forwards continue to be difficult for preparers. This session will use Discontinued Operations and multiple Disposal Groups as examples to illustrate some of the more advanced challenges in handling calculations in your XBRL. Best practice will be covered in this presentation designed for those with more expert XBRL experience who already have the fundamentals and are honing their skills to make sure they create the best quality XBRL financials. Exercises and discussions will be conducted in a group setting.

Paul Malazita, CPA, Manager, ParenteBeard
Gregg Saunders, CPA, Lead Taxonomist, XBRL US

5:30 PM – 7:00 PM Networking Reception with Exhibitors

Wednesday, September 17, 2014

7:30 AM – 8:30 AM Breakfast with Exhibitors
8:30 AM – 9:20 AM Using Data – How Public Company Accountants Use XBRL Corporate Data (1 CPE)
Hear a panel of public company external managers and auditors how XBRL can be leveraged for more accurate, timely, cheaper analysis. See demonstrations of different kinds of common analysis such as performing research on disclosures, obtaining information on industry and targets and peer comparisons (ratios, key measurements and other statistics).

Greg Zegarowski, Assistant Controller – Integrated Reporting, URS Corporation
Kevin Walker, Senior Staff Accountant, Dollar General
Susan Yount, Director, Workiva (moderator)

9:20 AM – 10:10 AM Data Mining with XBRL – Analytical Tools for Public Company Use (1 CPE)
Learn from a showcase and demonstration of new data tools on the market that are free or inexpensive.

Ilya Vadeiko, Founder, FinDynamics
Pranav Ghai, Co-Founder, Calcbench
Chad Sandstedt, co-Founder, CEO, Tagnifi
Will Allen, SVP, Interactive Data Services, RDG Filings

10:10 AM – 10:40 AM Break with Exhibitors
10:40 AM – 11:20 AM How Investors & Auditors Use Corporate XBRL Data (1 CPE)
Investors, analysts, and auditors rely on corporate fundamentals in their day-to-day activities. This session will walk through how corporate XBRL data is used by data intermediaries serving investment clients and auditors who use XBRL data for prospecting and client benchmarking.

Glenn Doggett, Director, CFA Institute
Phillip Engel, Data Architect/Lead Technologist, XBRL US, Inc.
Julie Valpey, Partner, National SEC Department, BDO

11:20 AM – 12:10 PM How Regulators Use Corporate XBRL Data (1 CPE)
Numerous stakeholder groups use corporate data extensively in their day to day activities. This session will feature representatives from regulatory and standard setting bodies explaining through discussion and demonstration why and how they use financial fundamental data including the kind of analysis they perform and the audience they’re reaching.

Matthew Slavin, Division of Economic and Risk Analysis, U.S. Securities and Exchange Commission
Louis Matherne, Chief of Taxonomy Development, FASB
Mike Schlanger, Vice President, Merrill Corporation (moderator)

12:10 PM – 1:10 PM Lunch with Exhibitors
1:10 PM – 2:10 PM XBRL Essentials Concurrent Session: Creating the Instance Document

Intro/Intermediate (1 CPE)

Learn important terms to know and common issues in instance document creation including decimal disagreement, unit errors and more. This program is targeted to the preparer with two or fewer years experience filing in XBRL. Exercises and in-class discussions will be used.

Ron Schechter, Manager, XBRL, Vintage, division of PR Newswire
Gregg Saunders, Lead Taxonomist, XBRL US

Advanced (1 CPE)

Optimize your instance document with this important session for advanced XBRL filers, covering working with the Units Registry, effective handling of decimals and periods and more. You’ll find out about the more complex but common errors that crop up in XBRL financials and enhance your skills so you can avoid instance document errors. Exercises and in-class discussions will be used.

Joe Luczka, Director, Advisory, KPMG LLP
Jordan Woodard, Director of Business Development, Rivet Software

2:10 PM – 3:10 PM XBRL Essentials Concurrent Session: Tools & Techniques for a Better Process

Intro/Intermediate (1 CPE)

This session provides an in-depth look at establishing a solid working process for your XBRL financials, covering the Edgar Filer Manual, the AICPA’s XBRL principles & Criteria, validation methods and other guidance that should become a standard part of your XBRL process. The program is designed for filers with two or fewer years experience in XBRL creation.

Joe Luczka, Director, Advisory, KPMG
Bryan Castrantas, Senior Associate, PwC

Advanced (1 CPE)

Creating a streamlined, efficient process with the appropriate checks is not a simple task. This session, geared for the more advanced XBRL filer, walks through techniques to streamline and greatly enhance your current process to add the appropriate checks and balances so that you are confident you will create the best quality XBRL data. Exercises and discussion groups will be used to help generate ideas and cement your learning.

Jaret Klekota, Senior Manager, Ernst & Young LLP
Rob Blake, Senior Product Director, Trintech, Inc.

3:10 PM – 3:40 PM Break with Exhibitors
3:40 PM – 4:20 PM Deep Dive into New Taxonomy Challenges – Pensions and Fair Value (1 CPE)
Join the FASB on a deep dive into the significant changes made to pensions and fair value in the US GAAP Taxonomy this year. Learn how to effectively use implementation guides available to support these changes through examples and exercises used to illustrate. Get a brief overview of other key changes in the taxonomy that will affect your process.

Louis Matherne, Chief of Taxonomy Development, FASB
Donna Johaneman, XBRL Project Manager, FASB

4:20 PM – 5:00 PM Review of Validation Tools (1 CPE)
Join this session for an overview of the many tools available on the market for validation, what they do, how they work, which ones are critical to your process and why.

Herm Fischer, Developer, Mark V Systems
Campbell Pryde, President and CEO, XBRL US
Ted Uehlinger, Director, PwC

Program Level: Basic – Advanced

Delivery Method: Group-Live

14 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.