1. 1 Neal Hannon XBRL Educational Resource Center At Bryant College XBRL Education Co-Chair E-Mail: xbrl@bryant.edu Phone: 401.232.6227 Simplify Digital Information With XML XBRL IMA National Convention June 17, 2001

2. 2 Why XBRL ?  Enable business reporting that leverages the Internet & XML  Effective access and analysis of business reports  Improve corporate communications with stakeholders

3. 3 XBRL: A Fragment of a Raw Data $1,611 $1,648 CompanyFinancial Statement Line ItemLabelYearValue Coca Cola Co. Balance SheetCurrentAssets.Cashand CashEquivalents 19991611 Coca Cola Co. Balance SheetCurrentAssets.Cashand CashEquivalents 19981648  Raw Data in Spreadsheet…  Same Raw Data in XML (XBRL) Format

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5. 5 What software ‘sees’ is the differentiator and drives benefits (here is an example)

6. 6 Importance of Reporting ” John Chambers Cisco CEO Year End Earnings Release Call August 10, 1999 “ …[W]hat excites the CEO is the ability to know what the business is doing at any given point in time, react quickly to market shifts and competitive threats and remain in tight control while empowering employees to make informed decisions more quickly.

7. 7 “ ” The Virtual Close … has, in my opinion, just as much impact on a company’s future success or lack thereof as the well- published e-commerce area. John Chambers Cisco CEO Year End Earnings Release Call August 10, 1999 Best Practice

8. 8 Key XBRL Components XBRL / XML Specification (XBRL.org) –Global architecture/technology XBRL hierarchical vocabulary (jurisdiction/industry) –Dictionary of terms by jurisdiction/industry sector Style Sheets(preparer) XBRL enabled tools(market) XBRL - What

9. 9  Market driven model –Start simple, be inclusive  Broad supply chain participation  Members support XBRL  Members do not compete on the “framework”  Build structure & systems to support open community & market development Key to our Success

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11. 11 Additional Education Sources www.xbrl.org - Student Competition web.bryant.edu/xbrl www.ebxml.org www.w3.org; www.xml.orgwww.w3.org www.rosettanet.org www.ibm.com/developer/xml www.microsoft.com/industry/biztalk

12. 12 Summary FASTER –BETTER CHEAPER Our profession will have to follow technology and record business activity in an real-time mode.

13. 13 http://web.bryant.edu/~xbrl/xbrlslides.html To download slides……….