eXtensible Business Reporting Language(XBRL)-Tagging levels, Terms and Taxonomy, SEC Viewer-Calculations and common errors

Why Should You Attend:

XBRL, eXtensible Business Reporting Language, is a global electronic information format designed to transmit and store business information in a machine readable format. XBRL is also referred to as “interactive data” by the U.S. securities and exchange commission (“sec”). companies that use XBRL assigned unique, electronically readable tags to all individual disclosure items within business reports. These tags are part of taxonomies developed by market constituents, publicly available and license free. Taxonomies consist of financial concept definitions in which each business concept is defined and assigned a relationship to other concepts.

Historically business reports treated financial information as blocks of text like a printed document or a web page. Blocks of text cannot be read by computers. But with XBRL, identifying tags provide each individual item of data with an electronic content.

The SEC now mandates XBRL. This training will discuss the XBRL basis, terms and taxonomy and how it works.

Areas Covered in the Webinar:

• XBRL Basis
• Why do we need XBRL?
• How does it work?
• Tagging Levels
• Terms and Taxonomy
• Understanding the XBRL SEC Viewer
• Tagging Definitions

Who Will Benefit:

• Finance Executives
• Controllers
• Reporting Managers
• Analysts
• Lenders
• Credit Managers
• Risk Managers
• Software Vendors
• Securities Processors

Instructor Profile:

Ms. Lynn Fountain, CGMA, CRMA, MBA, has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.

Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013.

Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.

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