SBR Netherlands Taxonomy Meeting Omani Delegation September 10, 2012.
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Transcript of SBR Netherlands Taxonomy Meeting Omani Delegation September 10, 2012.
SBRNetherlands Taxonomy
Meeting Omani DelegationSeptember 10, 2012
Company
Authority Z
Authority Y
XBRL report
Authority XSystems
request
Single taxonomyframework
XBRL report
XBRL report
Company
Company
CompanySystems
SBR: multi domain and cross agency taxonomy
2 Standard Business Reporting ProgramA Netherlands government initiative
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XBRL: 3 levels of standardization
Taxonomy
Taxonomyarchitecture
XBRLspecification
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Taxonomy architecture
Because the XBRL spec. 2.1 is flexible you have many solutions for one problem multi domain multi agency
XBRL projects have different goals. We believe that taxonomy design should be based on our project goals. glue the taxonomy pieces together ‘plug and play’ new extensions
Standard Business Reporting ProgramA Netherlands government initiative
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Netherlands Taxonomy has a layered structure
reports
international
national
domain specific
Standard Business Reporting ProgramA Netherlands government initiative
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Core taxonomy and extensions are not static
Processes
-Adding new domains
-Normalization
-Harmonization
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SBR taxonomy building principles: hierarchy
The taxonomy is a proper representation of legislation and rules
Always choose the option that reduces the regulatory- and reporting burden for business
facilitate mapping facilitate instance creation
Design (and modularize) the taxonomy to support use and re-use of elements and components
Architecture facilitates taxonomy maintenance with coherance and consistency
Comply with relevant established international ‘best practices
Standard Business Reporting ProgramA Netherlands government initiative
Legislation & Rules
Definitions
Elements
European legislation Financial ReportingGAAP
Tax legislation
Taxfiling
Financial Statement
Statisticalfiling
Reports
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Wrap up ...
The taxonomy is not about evolution, it’s intelligent design
The taxonomy reflects our legislation and rules
Its design is based on our project goals
“You get the taxonomy you deserve”
Standard Business Reporting ProgramA Netherlands government initiative
Standard Business Reporting ProgramA Netherlands government initiative
Sebastiaan BalSBR Netherlands
10 Standard Business Reporting ProgramA Netherlands government initiative