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XBRL eXtensible Business Reporting Language

XBRL eXtensible Business Reporting Language. Week 9 – Lecture 2. All business have to report their financial results. Essentially to shareholders, but also to Authorities and other interested parties like Australian Securities and Investment Corporation Australian Tax Office

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XBRL eXtensible Business Reporting Language

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  1. XBRL eXtensible Business Reporting Language Week 9 – Lecture 2

  2. All business have to report their financial results • Essentially to shareholders, but also to • Authorities and other interested parties like • Australian Securities and Investment Corporation • Australian Tax Office • Investment analysts and managers • Share brokers • Etc • Another problem domain is the consolidation of group accounts – some companies have thousands of subsidiaries in dozens of countries • Financial report are often different for different users

  3. XSD – Schema XSL – Presentation Taxonomies XBRL standards ASX Company A GL XBRL standards ATO Consolidated Reporting DB External Financial Reports ASIC Management reports Stock Brokers XBRL standards Group Management reports Fund Managers Company B GL Share- holders Management reports

  4. These reports must • Meet Australian Accounting standards • And now the International Accounting Standards • These are complex and subject to interpretation • So no two sets of accounts look the same • They are often big – over 300 pages – Telstra accounts are 394 pages

  5. AMP Accounts

  6. Telstra Accounts

  7. Formatted accounts XML <ifrs-gp:PropertyPlantEquipmentNet contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">540000</ifrs-gp:PropertyPlantEquipmentNet> <ifrs-gp:PropertyPlantEquipmentNet contextRef="Prior_AsOf" unitRef="U-Euros" decimals="0">400000</ifrs-gp:PropertyPlantEquipmentNet> XSL <tr> <td class="Label">Property, Plant and Equipment</td> - <td class="Value"> <xsl:value-of select="format-number(/xbrli:xbrl/ifrs-gp:PropertyPlantEquipmentNet,'#,##0','base')" /> </td> </tr>

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