Educational Webinars

Best Practice Board Knowledge Webinar Series

For those seeking to learn more about XBRL, the XII Best Practice Board offers a series of webinars that explain in simple, non-technical terms the basics and value of XBRL. Additional webinars will delve deeper into the technical aspects of XBRL.

XBRL Basics Series

What is XBRL?
Presented by Kris Brands

The XBRL International Best Practices Board presents the first video in its Educational Webinar Series, entitled "What is XBRL?" by Kristine Brands. This presentation covers the objectives and benefits of using XBRL, an overview of the main buildings blocks, an explanation of extensibility and information on how and where XBRL is being used.


XBRL Building Blocks (In a Little More Detail)
Presented by Eric E. Cohen

The XBRL International Best Practices Board presents the next video in the first series of presentations entitled XBRL Building Blocks, by Eric. E. Cohen. This presentation covers the basics of XBRL in greater detail, including: Instance Documents, which hold the data being shared through XBRL; Taxonomies, which put that data into context; and Extensibility, which allows taxonomies to be customized. Learn how these elements are used to streamline and integrate the business reporting supply chain.


XBRL Adoption
Presented by Vidya Jayakumar

The XBRL International Best Practices Board presents another video in its Educational Webinar Series. "XBRL Adoption", presented by Vidya Jayakumar the webinar cover topics such as the governance of XBRL, including: How XBRL is managed, who is involved and the structure of the global effort to maintain the standard; the scope of XBRL use for business reporting, especially for filings beyond financial reporting. Common approaches to implementation of XBRL and taxonomy creation are also covered, along with concrete examples of projects across the globe including SBR, compliance reporting in India, taxation , the GRI Taxonomy for sustainability reporting and more.
 

Data Consumption Series

XBRL and UK Company Tax Returns
Presented by Sue Ivins, HMRC

Join Sue Ivins from the HMRC to hear about how a UK Government department successfully using XBRL data to support effective regulation.

The webinar covers:    

  • HMRC's decision to use iXBRL
  • Tags and taxonomies
  • Software considerations
  • iXBRL and the advantages to HMRC
  • The success of online filing using iXBRL, including examples of the sorts of things HMRC are finding using XBRL data
  • Looking ahead

 

XBRL In Credit Analysis
Presented by Thomas Boemoser of JC Analytics

This webinars presents the view from Thomas Boemoser of JC Analytics on how XBRL can be leveraged within credit analysis.   JC Analytics, develops new web-based business and competitive intelligence applications targeted at finance professionals.

This webinars covers:  

  • An introduction to credit analysis -- what is it, why is it important and what are the challenges
  • How can XBRL significantly improve portfolio monitoring and decision making
  • The importance of tools for XBRL to be adopted by users.

 

Using XBRL: The Data Aggregator's Perspective
Presented by Jo Guo of Morningstar

This webinar presents the view from Jo Guo of Morningstar on how can XBRL can be leveraged to provide faster and more granular content to their clients. Morningstar, Inc. is a leading global provider of independent investment research offering an extensive line of products and services for individuals, financial advisors, and institutions.

The webinar covers:  

  • An overview of how Morningstar is using as reported data disclosed within financial reports to provide value add fundamental content to investors
  • The benefits of using XBRL and taxonomies for Morningstar and their clients
  • The main challenges of using XBRL -- improvements needed  and a look ahead.


New Opportunities in Company Analysis
Presented by Jim Truscott of Fundamental X

Aspirations of retail investors are no different to institutional investors, but the current data supply chain presents them with serious challenges. Publicly available XBRL data has the potential to change this, opening up the information market and offering new opportunities for direct private investment. 

In this session you will learn about:

  • Data sources currently used by retail investors and the challenges they face
  • The benefits that XBRL can offer but also the caveats private investors should be aware of
  • How XBRL facilitates both deep dive analysis and customized data aggregation


The Use of Data in Auditing
Presented by Ariel Markelevich, Ph.D of Suffolk University

Recently, auditors have come under pressure to find new, more data driven/systematic methods for identifying problems and analyzing risks inside their client companies. Luckily, the easy availability of XBRL data can solve this issue, giving auditors new quantitative and qualitative methods for improving data analytics and risk assessment.

In this session you will learn about:

  • How is data being used within auditing
  • How XBRL based data can help
  • Calculate industry norms for a variety of operating metrics, and quickly identifying areas of concern in a focus company
     

XBRL GL Series

What is XBRL GL? 
Presented by Eric E. Cohen, CPA, PwC

XBRL has a special solution designed both to facilitate internal reporting and improve external data quality and trustworthiness - it is XBRL's Global Ledger Taxonomy Framework (XBRL GL). In this first of a series, you will learn:

  • What is XBRL GL
  • How can it improve Internal Reporting
  • How can it improve external data quality and trustworthiness
  • Key use cases for XBRL GL
     

Finding and Using the XBRL GL Taxonomy 
Presented by Eric E. Cohen, CPA, PwC

XBRL GL isn't software - it is an extensible XBRL taxonomy that focuses on generically and holistically representing the kind of detailed data you would find in an ERP system. To explore XBRL GL, you need to find the taxonomy and a little guidance in how to work with the files. In this session you will:

  • Learn how to find the files
  • Receive guidance on which version to use
  • Find out about the directory structure
  • See how palettes let you choose what you need
  • Explore the difference between downloading the files or using the online versions
  • And see taxonomies at work with sample files in XML tooling

XBRL GL taxonomy files are located at http://www.xbrl.org/GLFiles   


Amazing Accounts
Presented by Eric E. Cohen, CPA, PwC

Few things are as central to accounting as "accounts" - but that word globally has a much broader meaning than many people realize. As such, XBRL GL has a rich and expressive method of expressing accounts as used in the global sense. In this session, you will learn about:

  • The way account information is structured within XBRL GL
  • How the global shades of meaning of account are conveyed
  • The power of the account structure alone and with the other building blocks of XBRL GL
     

Irresistible Identifiers
Presented by Eric E. Cohen, CPA, PwC

People, companies, addresses - they are everywhere, in every standard, but no global standard has emerged as THE standard for this vital information. XBRL GL represents the parties that are part of business and trade in a generic and holistic fashion to help promote the seamless audit trail. In this session, you will learn:

  • What the identifier structure represents in XBRL GL
  • The fields and formats
  • How this structure works on its own and in conjunction with others.
     

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