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E-filing at Statistics Canada. 11 th XBRL International Conference April 26-29, 2005. Statistics Canada mandate. Collect, compile, analyse and publish statistics on Canadian society and economy Traditionnally through questionnaires, telephone interviews Some EDI with public institutions

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E filing at statistics canada

E-filing at Statistics Canada

11th XBRL International Conference

April 26-29, 2005


Statistics canada mandate

Statistics Canada mandate

  • Collect, compile, analyse and publish statistics on Canadian society and economy

  • Traditionnally through questionnaires, telephone interviews

  • Some EDI with public institutions

  • More demand/interest in on-line reporting by businesses and households


Business reporting

Business reporting

  • In business reporting supply chain, STC is Financial publisher and data aggregator

  • Why collect business financials?

    • Publish on performance of Canadian businesses

    • Publish on investement and capital stock

    • Compile and publish national accounts


Big picture for business financials at stc

Big picture for business financials at STC

XBRL-based

EDR for

large firms

COA

SNA

GIFI-based

EDR for

small firms

Explicit

conversion

rules


Pre pilot

Pre-pilot

  • Pre-pilot conducted with consortium member

  • Succesfully produced, transmitted, consumed XBRL instance document

  • Difficult to establish cost-benefit for small to medium companies

  • Respondents not currently ready to routinely produce XBRL instance documents


Adoption pilot projects

Adoption Pilot Projects

  • Objective: Experiment and evaluate various e-reporting business processes

  • Criteria:

    • Single window reporting

    • Reduced response burden

    • Same or better quality information

    • Reduced processing costs


Options

Options

  • Push or pull approaches

    • Push: Equivalent to sending out and filling questionnaire

    • Pull: Process where STC reaches into the company’s systems to “pull out” financial data

  • Taxonomy

    • STC extension

    • Canadian GAAP


Options cont d

Options (cont’d)

  • Mapping from company systems:

    • From company GL

    • From company PFS

    • They map and store

    • We map and store


Next steps

Next steps

  • Recruit participants

  • Profile accounting structure

    • Enterprise level

    • Profit centre/cost centre levels

  • Map company accounts

  • Enable single window reporting

  • Promote single window e-filing for all large respondents


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