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Beyond XBRL Business Challenges for Financial Reporting

Beyond XBRL Business Challenges for Financial Reporting. Additional Material. XBRL Formula Linkbase in CDR. A Collection of Business Rules Ensure valid data and quality data Each formula (edit) evaluates to True or False (pass or fail) Validity Formulas – failure results in rejection

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Beyond XBRL Business Challenges for Financial Reporting

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  1. Beyond XBRLBusiness Challenges for Financial Reporting Additional Material

  2. XBRL Formula Linkbase in CDR • A Collection of Business Rules • Ensure valid data and quality data • Each formula (edit) evaluates to True or False (pass or fail) • Validity Formulas – failure results in rejection • Example: sum of values in a column must equal the value reported as the total for this column. Wages + Tips + Dividends = Total_Income • Quality Formulas – failure results in analyst query • Example: total deposits for the current quarter should be greater than the total deposits in the prior quarter. The formula language permits inclusion of prior period data for the associated financial institution. Total_Deposits[P0] >= Total_Deposits[-P1Q]

  3. CDR Electronic Response to Institutions • Submission Accepted If: • All Validity Formulas pass • Any failed Quality Formulas have an explanation • Response: submission received and pending • Submission Rejected If: • Any Validity Formulas fail • Any failed Quality Formulas do not have an explanation • Response: submission rejected, please correct and resubmit • Includes list and description of each failure

  4. CDR Quality Formula (R0240.2039) • Formula If ( (MonthOf(Context.Period.EndDate) <> 3) And (cc:RIAD9106[P0] <= cc:RIAD9106[-P1Q]) And (cc:RCON2170[P0] >= 0), cc:RIADA518[P0] >= (cc:RIADA518[-P1Q] - 2000), TRUE) • Formula Message for Rejection Notification Income statement items are reported on a calendar year-to-date basis. Therefore, the $RIADA518[0] your bank reported this quarter for "Interest expense on Time deposits of less than $100,000 in Nontransaction accounts" (RI 2.a.(2)(c)) should be greater than or equal to the $RIADA518[-1] reported in the previous quarter. Please review your reported data, and explain or revise as appropriate. $1,234,567 $2,345,678

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