XBRL's global ledger framework: Exploring the standardised missing link to ERP integration

International Journal of Disclosure and Governance

Volumn 6, Issue 3, 2009, Pages 188-206

  Cohen, Eric E ^a  

^a PricewaterhouseCoopers USA   (United States)

Author keywords

Enterprise Resource Planning (ERP); Extensible Business Reporting Language (XBRL); Extensible Markup Language (XML); Integration standards, ' global ledger '

Indexed keywords

EID: 67849099428     PISSN: 17413591     EISSN: 17466539     Source Type: Journal    
DOI: 10.1057/jdg.2009.5     Document Type: Article

References (42)

1. http://www.sec.gov/news/press/2008/2008-300.htm.
2. The Final Rules are available at http://www. sec.gov/rules/fi nal/2009/33-9002.pdf.
3. http://www.sec.gov/spotlight/xbrl.shtml.
4. http://sec.gov/rules/final/2009/33-9002.pdf.
5. http://www.xbrl.org.
6. http://www.sec.gov/disclosureinitiative/ report.pdf.
7. http://www.sec.gov/news/press/2008/2008-284.htm.
8. Resulting in an immediate and 'drastic' increase in data quality, according to http:// www.intelligententerprise.com/showArticle. jhtml?articleID=177105815-see also the business case whitepaper at http://www.xbrl. org/us/us/FFIEC%20White%20Paper%2002 Feb2006.pdf.
9. http://www.sec.gov/rules/final/2008/ 33-8995.pdf.
10. http://www.financialweek.com/apps/pbcs.dll/ article?AID=/20081015/REG/ 810159987/1036.
11. http://idea.sec.gov/spotlight/idea.shtml.
12. http://www.fsa.go.jp/en/news/2008/20080317. html.
13. http://www.acra.gov.sg/Services/Company/ Filing-of-Financial-Statement- in-XBRL. htm.
14. Documented in http://www.journalofac countancy.com/Issues/2008/Oct/XBRL AroundTheWorld.htm.
15. http://www.journalofaccountancy.com/ Issues/2008/Feb/SixStepstoXBRL.htm.
16. http://www.journalofaccountancy.com/ Issues/2007/Jun/RoiOnXbrl.htm.
17. Tricker, R. I. (1984) Corporate Governance. Aldershot, Hampshire, UK: Gower Publishing.
18. http://www.w3.org/XML/.
19. The word 'taxonomy' conjures up different, but very clear pictures in some reader's minds. To some, it is a simple hierarchical classification scheme. In the world of XBRL, taxonomy is more than a hierarchical dictionary, containing descriptions, defi nitions, interrelationships, formulas, rules and more.
20. XML-based Financial Reporting Markup Language.
21. http://www.ebr360.org/ContentPage.aspx? ContentPageId=3.
22. http://www.xbrl.org/GLTaxonomy.
23. Examples of industry-specifi c efforts include insurance data standards from ACORD (www. acord.org); MISMO is the Mortgage Industry Standards Maintenance Organization (www. mismo.org); and HL7 (Health Level 7) for health care industry clinical and administrative standards (www.hl7.org).
24. Collaborative efforts in representing electronic trade documents include the Open Applications Group (www.oagi.org), UBL (Universal Business Language-http://www. oasis-open.org/committees/tc-home.php? wg-abbrev=ubl), and UN/CEFACT (http:// www.unece.org/cefact/).
25. More on the Recommendation can be found at http://www.xbrl.org/GLTaxonomy and http://www.xbrl.org/GLFiles.
26. As defi ned in the Global Ledger Taxonomy Framework Technical Architecture (GLTFTA) document found at http://www.xbrl.org/int/ gl/2007-04-17/GLTFTA-REC-2007-04-17.rtf-the better known counterpart in the Financial Reporting space is the Financial Reporting Taxonomy Architecture document ('FRTA').
27. A collaborative effort to extend UML with special functionality related to XBRL GL is described at http://www.omg.org/cgi-bin/ doc?fi nance/2008-12-2.
28. This is shown in a number of implementations of XBRL GL, including the landmark Wacoal implementation, as described in the March 2004 issue of Strategic Finance; a copy of that article is available at http://www.xbrl-nederland.nl/upload/21/Breathing-New-Life-into-Old-Systems.pdf.
29. Although there is no formal 'XBRL FR' per se, there are numerous sets of rules incorporating the 'FR' distinctive, such as the guidance documents FRTA and Financial Reporting Instance Standards, which have GL counterparts.
30. http://18thconference.xbrl.org/.
31. Acknowledged taxonomies can be found at http://www.xbrl.org/ FRTAcknowledged/.
32. http://www.oceg.org/Details/FujitsuTC.
33. Their presentations can be found in the conference archives and a webcast describing their project from 2006 can be found at http:// iphix.net/gl/ webcasts/XBRLGL-Fujitsu-2006-07-20.wmv.
34. Such as the regular participants at the conferences described at http://raw.rutgers.edu.
35. http://irs.gov/taxpros/providers/article/ 0"id=101145,00.html.
36. From the document included with the Guidance for the Standard Audit File (http://www. oecd.org/LongAbstract/0,3425,en-2649-33749-34910278-1-1-1-1,00. html).
37. XBRL GL resources on the XBRL web site can be found at http://www.xbrl.org/ GLTaxonomy and http://www.xbrl.org/ GLFiles ; a series of webcasts and examples of data expressed in XBRL GL can be found at http://gl.iphix.net.
38. http://conference.xbrl.org.
39. The publication of the Institute of Management Accountants, Strategic Finance.
40. http://www.xbrl.org/ca/fr/gaap/pfs/2007-01-19/ ca-gaap-pfs-2007-01-19. htm.
41. http://www.iasb.org/XBRL/IFRS+Taxo nomy/Latest+Taxonomy/Latest+taxonomy. htm.
42. As previously noted, the Global Ledger Practices Guide for Study web site, at http:// gl.iphix.net.