IPHIX LLC

Corporate Data Transparency and Accessibility with XBRL

Gianluca Garbellotto — Tue, 21 Feb 2012 12:17:25 +0000

Data transparency and accessibility are two of the key themes of the 24th XBRL International Conference in Abu Dhabi (March 20 to 22, 2012). These are probably the two most important objectives that regulators around the world are pursuing with the adoption of XBRL, and also the most significant requirements for other consumers of XBRL [...]

EIOPA Aligning Solvency II XBRL Taxonomy with EBA — The Right Way

Gianluca Garbellotto — Thu, 16 Feb 2012 05:38:25 +0000

This Solvency II Wire article had a lot of exposure in XBRL forums and mailing lists over the last few days. I would like to focus on its last paragraph: The EBA is using a Data Points Model, a more sophisticated XBRL model, in which the link between the taxonomy and the business use is [...]

Standard Charts of Accounts in XBRL

Gianluca Garbellotto — Wed, 01 Feb 2012 17:56:16 +0000

In my professional engagements with global XBRL programs I am frequently asked the question: what is the best way to represent a chart of accounts (CoA) in XBRL? And how can we represent the mappings between each account in the CoA and reporting concepts in end reporting XBRL taxonomies – such as the IFRS or [...]

IPHIX Turns Page

Gianluca Garbellotto — Fri, 27 Jan 2012 19:54:11 +0000

The IPHIX web site is down today… no, not because of SOPA, even though indeed we don’t agree with its current formulation. Oh and by the way talking about SOPA this article called my attention as a very objective and balanced comment on the “Wikipedia Blackout” that occurred yesterday. Yes, it was a great thing. [...]

One Step Towards Deeply Embedded XBRL

Gianluca Garbellotto — Sat, 07 Jan 2012 03:50:35 +0000

I came across this post in the SAP Community Network Blogs. It is about a proof of concept on using SAP software — ERP Central Component (ECC) — to generate XBRL reports, and in particular SEC filings in the example, by mapping journal entries to the SEC US-GAAP taxonomy, as opposed to mapping the financial statements to [...]

Foreword to “XBRL Global Ledger Distilled”

Gianluca Garbellotto — Wed, 16 Nov 2011 17:13:18 +0000

As mentioned here the book “XBRL Global Ledger Distilled” has been recently published in China. Below is the foreword that the author, Jia XinQuan, kindly asked me to write. The Extensible Business Reporting Language (XBRL) is rapidly becoming the global standard for the representation of business and financial data. The vast majority of its visible [...]

XBRL Global Ledger Just Got More Global

Gianluca Garbellotto — Wed, 09 Nov 2011 16:37:48 +0000

The book XBRL GL Distilled, authored by Jia XinQuan, was recently published in China by Economic Science Press, a further confirmation of the growing global interest around what is widely considered as the necessary next step in XBRL adoption. XBRL GL Distilled cover A great additional offspring from this work is the set of Chinese XBRL GL labels, [...]

Leveraging XBRL for Value in Organizations

Gianluca Garbellotto — Thu, 23 Jun 2011 15:02:57 +0000

ISACA and the International Federation of Accountants (IFAC)’s Professional Accountants in Business (PAIB) Committee have jointly developed a paper, Leveraging XBRL for Value in Organizations, to provide guidance on how to leverage the value of XBRL through effective implementation — and I had the privilege of being asked to contribute with a review. The paper [...]

Not Your Usual XBRL Case Study

Gianluca Garbellotto — Wed, 15 Jun 2011 12:11:24 +0000

The Maryland Association of CPAs (MACPA) and Altova recently published a remarkable case study focused on exploring the actual internal process benefits available for small businesses with the use of XBRL, and to showcase those benefits to MACPA members and to other non-profit organizations. Basically, MACPA used Altova’s Mapforce (part of the Altova Missionkit suite) to convert its internal accounting data [...]

Incorporating XBRL Into the Regulatory Environment

Gianluca Garbellotto — Fri, 13 May 2011 16:28:39 +0000

Just in case you missed my post on the topic in the Hitachi Data Interactive blog. If you are interested in this discussion and in general want to learn about the broader role that XBRL plays in the regulatory environment, in particular in Standard Business Reporting (SBR) projects and tax and statistics related initiatives, there is still time. If you plan to [...]