2015.12.17 - Q4 2015 - Best Practices: Getting Your XBRL ... · 12/17/2015 · Thank you! Title:...

Ä 2015 Workiva Company Confidential

Best Practices: Getting YourXBRL Fact Properties Correct

December 17, 2015


John MueheTeam Manager of Professional Services

Presenter


Legal NoticeThe information contained in this webinar is for general informational purposesonly.ÅThe information is provided by Workiva Inc., and while we endeavor to keepthe information up to date and correct, we make no representations or warrantiesof any kind, express or implied, about the completeness, accuracy, reliability,suitability, or availability with respect to the information, products, services orrelated graphics contained in the webinar for any purpose.ÅAny reliance you placeon this information is therefore strictly at your own risk. In no event will Workiva Inc.be liable for any loss or damage including without limitation, indirect orconsequential loss or damage, or any loss or damage whatsoever arising from lossof data or profits arising out of, or in connection with, your use of this webinar.


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Best Practices: Getting YourXBRL Fact Properties Correct


Agenda

Ç Setting the Correct AccuracyÇ Reporting Proper Fact Value SignsÇ Best Practice on Assigning DatesÇ Other Properties


Setting the Correct Accuracy



All numeric facts must have an accuracy assigned

Ç XBRL fact value should match the reported document value

Ç Represents the precision of the XBRL fact


Setting the Correct AccuracyEDGAR Filer Manual 6.6.32



Impliesrounding

Exact value



XBRL fact value should match the reported valueÇ Not the underlying value

Ç Not the workbook source value

UnderlyingValue

SourceValue

ReportedDocument Value

XBRLFact Value Accuracy

$123,456.78 $123,457 $123,000 123,000 -3 (thousands)

9,876,543 9,876,000 9.9 million shares 9,900,000 -5 (hundred thousands)

É1,012,345.05 É1,012,345 approximately É1 million 1,000,000 -6 (millions)



Appropriate use of INF Ç Represents exact valueÇ Should not be used on any calculated values

Ä Earnings per shareÄ Effective interest rate

Ç Should be used for precise, stated valuesÄ Stated interest rateÄ Ceiling/floor values


Reporting Proper Fact Value Signs


Proper Fact Value Signs

Ensure fact value truly represents reported value Ç Fact value sign must be evaluated along with concept used

Ä Meaning of positive vs. negative values

Ç Fact value sign may not be the same asÄ Presented value in documentÄ Source link value



Reverse Source Link Value to adjust XBRL Fact Value



Meaning of a positive vs. negative fact value

Number of options exercisedshould not be negative

(i.e. one-way concept)




Positive value indicatestranslation gain




Note the relationship tosurrounding concepts

Translation gainÑdecrease reserve balanceTranslation lossÑincrease reserve balance




Positive value representsamount paid




Note the concept definitionPayments madeÑdecreases BOTH

plan assets and plan obligations




Calculations also provide a clear pictureof the relationship to plan assets and

plan obligations


Best Practice onAssigning Dates


All XBRL facts must have a date assignedÇ Instant date context

Ä Represents a point in time

Ç Duration date contextÄ Represents a length of time

Assigning Dates


Assigning Dates

Beginning balance

Ending balance

Activities during period

Prior period end date

Current period end date

Quarter-to-dateor

Year-to-date

(Instant)

(Instant)

(Duration)

Dates in a roll forward relationship


Best Practice on Assigning Dates

What if disclosed date is not specific?

Ç Instant date contextÄ Use the last day of the period

Ç Duration date contextÄ Use the duration that the period represents



What if disclosed date is not specific?

InÄMay 2015, the Company issued a senior note in the amount of $25,000.

Use end of period for instantperiod type concept:

2015-05-31



What if disclosed date is not specific?InÄNovember 2015, the Company acquired all of the outstanding stockof XYZ, Inc. for aggregate consideration of approximately $64.5 million.

Use duration of period forduration period typeconcept:

2015-11-01 to 2015-11-30



Dates after reporting period-end date

Ç Subsequent eventÖup to audit report dateÄ Use "Subsequent Event Type [Axis]"Ä Paired with "Subsequent Event [Member]"

Ç ForecastÖmatch forecast periodÄ Use "Scenario [Axis]"Ä Paired with "Scenario, Forecast [Member]"



Dates after reporting period-end dateSubsequent to year end, the Company entered into an accelerated sharerepurchase agreements. The Company paid an aggregate of $200 million in cash.

Use audit report date forinstant period type conceptFor example, 12/31/2015 year end,filing on 3/4/2016Ñuse 2016-03-04


Other Properties


Applying UnitsEDGAR Filer Manual 6.5.35

All numeric facts must have appropriate units appliedÇ Must use allowable unit(s) for each item type


Allowable unitsÇ Reference Unit Type RegistryÑxbrl.org/utr/utr.xml

(for e.g., Area item typeÖsqft, acre, sqkm, etc.)

Ç Use "Number (xbrli: pure)" forÄ Percent item type (for e.g., interest rate of 4.25%)Ä Pure item type (for e.g., leverage ratio of 6.0)

Ç Create custom units forÄ Integer item type (for e.g., three operating segments)Ä Decimal item type (for e.g., 3.5 barrels)

Applying Units

http://xbrl.org/utr/utr.xml


SEC OID FAQ Question E.21Applying Units


"Number" Unit in Wdesk...Applying Units


Ç Required on face statementsÇ Optional in disclosure notes

Ä Values within table footnotes must be taggedÄ Choose an consistent approachÄ Exclude footnote numbers when selecting range

Applying Table Footnotes


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2015.12.17 - Q4 2015 - Best Practices: Getting Your XBRL ... · 12/17/2015 · Thank you! Title:...

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