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Real Stories: Oracle Corporation

Real Stories: Oracle Corporation. Rob Zwiebach Director, Applications Development, Oracle Corp. November 5, 2003. Agenda. Oracle Overview Initial XBRL Demand Initial XBRL Plans XBRL Plans Revisited XBRL Solution XBRL Issues.

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Real Stories: Oracle Corporation

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  1. Real Stories: Oracle Corporation Rob Zwiebach Director, Applications Development, Oracle Corp. November 5, 2003

  2. Agenda • Oracle Overview • Initial XBRL Demand • Initial XBRL Plans • XBRL Plans Revisited • XBRL Solution • XBRL Issues

  3. Oracle CorporationWorld’s Leading Information Management Company • $10.9 Billion in Revenue • $2.7 Billion in Applications • $333M Annual Apps R&D • Over 120,000 Customers • 90+% of Fortune 500 • 8,500+ with Apps Installed • Over 41,000 Employees • 10,000+ for Applications • 2nd Largest Software Company in the world

  4. Initial XBRL Demand • Focus on Financial Reporting • Specific Geographies: Japan, Australia • Specific Customers: AICPA • Increased Activity by Regulators • Overall Focus on Improved Accountability and Auditability • Lower demand for XBRL-GL

  5. Initial XBRL Plans • Focus on Financial Statement Generator (FSG) • Automate Creation of FSG Components from XBRL Taxonomy

  6. Column Set Row Set

  7. XBRL Plans Revisited • Leverage Strengths of FSG • Reusable Report Components • Multiple Columns • Load Taxonomy ONCE • Define Reports ONCE

  8. XBRL Solution • Load Taxonomies • PL/SQL program parses taxonomies, stores elements in ORACLE relational tables • Link Taxonomy to Row Set • User function using FSG Forms UI (and/or ADI UI) • Store linkage of elements and rows in existing FSG tables (new columns) • Specify Output Type at Runtime • FSG concurrent program generates file of specified output type

  9. XBRL Issues • How to Identify Time Period • Balance Sheet vs. Income Statement • PTD vs. QTD vs. YTD • startDate, endDate, instant, duration, others • Oracle Solution: Determine startDate and endDate for all columns based on relative period and balance type

  10. XBRL Issues (continued) • Multi-Language Support • Labels should appear in user’s language • No clear method for specifying multiple labels per element • Oracle Solution:Separate taxonomy per language

  11. XBRL Issues (continued) • Actual vs. Budget vs. Variance • No clear method for specifying budgets • More of a concern for internal reporting • Oracle Solution: • Store balance type as <scenario> for budgets • Exclude variance from XBRL instance document

  12. Questions & Answers ?

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