Transcript Model slides for enlargement screening presentation

I Technical Meeting of European
XBRL implemented projects
5-6 October 2006
The XDIS/XBRL pilot project
Giuseppe Sindoni
Eurostat
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 1
Background
• 2004: Feasibility analysis to a project for
extraction of statistical data from XBRL
reports
– A pilot project feasible for extraction of raw
economic data by NSIs
• 2005: X-DIS, XML for Data Interoperability in
Statistics
– Funded by IDABC
– Aimed at implementing XML standards in the ESS
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 2
Objectives of the pilot project
• Test:
– Efficient use of XBRL in the statistical reporting
chain
– Chances of widespread acceptance by enterprises
and institutions
• Focus on
– Reporting by enterprises to NSIs
• Not on
– Reporting by NSIs to Eurostat
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 3
Tasks
1. Inventory of relevant existing taxonomies and
mapping to statistical legislation
2. Monitoring XBRL developments
3. Creation of an extensible statistical taxonomy
4. Test the taxonomy in a live environment with
suitable enterprise samples
5. Define if and how make it operational in enterprises
6. Feasibility analysis of the “pull” approach
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 4
Reference groups
• The Accounting and Statistics Task Force
– To co-ordinate work and identify possible needs
for action w.r.t. IAS and Statistics
– XBRL pilot reports to A&S TF
• The XBRL pilot Task Force
– To provide test environments and feedback
– Composed of active members and observers
• BE, ES and NL to be active members
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 5
Task 3
• Creation of an extensible statistical taxonomy
– First experiment: Taxonomy for SBS at INE
• Effective collaboration
• Many concepts to be defined from scratch
– Draft IFRS based European Statistical Taxonomy
• IFRS to be the future FR standard (?)
• Taxonomy to be used by countries and extended with
local concepts
• Covers: Services/Trades, Industry and Construction
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 6
Planning task 4
• Test the taxonomy in a live environment with
suitable enterprise samples
– To be performed with active members
– Initial test plan prepared to test between June and
September 2006
– Misalignment with local project schedules
suggested to reschedule between October 2006 and
February 2007
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 7
Running task 4
• INE
– Taxonomies to be tested against instances coming
from three volunteer enterprises
• Statistics Belgium
– Development of XBRL based prototype data
collection system to test with volunteer companies
• CBS
– Taxonomy to be tested against instances coming
from accounting firm
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 8
Task 1. Mapping Procedure
(2)
(1)
Statistical
frameworks
ENTERPRISES
NSI
 SBS
 STS
 PRODCOM
 LFS
…
SCOPE
DEFINITION
MODELIZATION
MAKE
INVENTORIES
OF SBS
CHARACTERISTICS
PARAMETRIZATION
DETERMINE
VALUES TO
COLLECT TO MAKE
SBS
CHARACTERISTICS
MAP
VALUES
TO
ACCOUN
TING
CONCEP
S
FIND
DATA
MODEL
 common
REGULATIONS
 industry
 services
 trade
 credit entities
(sets of characteristics)
 insurance
FIND OUT
RELATED
TAXONOMIES /
ACCOUNTING
PRINCIPLES
 IFRS
 pension funds
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 9
Task 3. Taxonomy X-DIS/XBRL
IFRS scenario
For IFRS scenarios (as a proof of concept and base for a future XBRL
Statistical Taxonomy)
IFRS-GP 2005
Char.
Label
xdis-eu-sbs-ci-characteristics-2006-09-01.xsd
Char.
Ref.
Var.
Label
xdis-eu-sbs-ci-variables-2006-09-01.xsd
Var.
Pres.
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 10
How to work with
Statistical European Taxonomy?
IFRS scenario for Member States
For National Statistical Taxonomies based on European Statistical
Taxonomy will be necessary to extend, in XBRL sense, the taxonomy
offered by Eurostat, including the new elements and linkbases.
IFRS-GP 2005
Char.
Label
Char.
Ref.
xdis-eu-sbs-ci-characteristics-2006-09-01.xsd
Var.
Label
National GCD
xdis-eu-sbs-ci-variables-2006-09-01.xsd
Var.
Pres.
Var.
Pres.
Var.
Calcul
xdis-MS-sbs-ci-variables-2006-09-01.xsd
Var.
Label
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 11
Future activities
• October 2006 – February 2007
– Prepare and perform tests
• March 2007
– Acceptance analysis
• April – November 2007
– Extension to other domains and countries (maybe
IE, LU and SE)
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 12
Lessons learned so far
• Many different types of heterogeneities
between countries and domains
– Differences in local GAAPs
– Different political approaches
– Different rationales for XBRL introduction
• Statistical taxonomy design could be driven
also by technical/organisational considerations
• XBRL acceptance by enterprises lower than
expected
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 13
Issues
• Is it realistic to aim for extraction of statistical data
from existing XBRL accounting and financial reports
in the medium term (2008)?
– Depends on countries
• Is it a good choice to base European statistical
taxonomies on IFRS? ->
– No alternative
• Are we really reducing the burden on enterprises?
– Depends on countries
Eurostat Unit B3 – Statistical Information Technology
I Technical Meeting of European XBRL implemented projects
Slide 14