“Connecting Business with IT” is flagship XBRL training course recognised by various authorities and organisations, including the XBRL International consortium. Depending on the scope of the training, it takes two up to six days. The two day introductory part of the training allows training participants to become  representative of the Financial Services Agency in the Neverlands, who are requested to prepare draft data model and corresponding taxonomy for the Financial Reporting Standards issued by the Board of Accounting Standards.

The advanced technical part of the training aimed at those who are already familiar with fundamentals of XBRL and you are seeking for the advanced modelling techniques and implementation approaches for data definition and validation? This four day workshops provides you in-depth theoretical information and practical exercises for understanding how to apply available XBRL specifications for building core of the advanced supervisory reporting platforms for supervising of the capital markets, financial, insurance sector and collecting of the information from non-financial entities.

Training materials covering theory guide the participants through the common terms related to XBRL standard, explain basic of its technical architecture. Numerous training exercises ensure effective knowledge transfer. 

Target audience

This introductory part of the course is aimed at the executives (CFOs, CEOs, CTOs, CDAs) and the financial (analysts, policy setters, accountants, auditors) and technical (software developers and architects) experts.

The advanced technical topics of XBRL is dedicated to  the technical professionals such as senior .NET, Java and Databases architects and developers.

Theory

What you will learn about XBRL in the introductory part of the course is:

  • principle of its operation – application of XBRL format in the exchange of business information
  • use cases scenarios- examples of implementation scenarios by public and private sector
  • technical architecture – fundamentals of XBRL taxonomy and XBRL instance document

The adavanced technical aspects of XBRL cover following topics:

What you will learn about XBRL is:

  • XBRL. 2.1 specification – advanced aspects of base specification, such as complex data types,
  • XBRL Dimensions 1.0 – application of the advanced dimensional constructs such as open and close hypercubes and dimensions, for data validation
  • Generic Links and Prefered Labels –
  • XPath, XQuery, Formula 1.0 – potential of advanced validation mechanism embedded within Formula 1.0
  • Table linkbase and Inline XBRL – different approaches for defining visualization of reported information in XBRL

and other current developments including taxonomy packages, abstract model and much more.

Practice

What you will learn to do during the introuctory part is:

  • to define simple data model (including definition of reportable concepts, presentation views and validation rules)
  • to convert data model into real XBRL taxonomy using one of the available on market XBRL taxonomy builders
  • to create sample financial report in XBRL format compliant with given XBRL taxonomy

The adavanced techncial exercises will allow you to:

  • use various technical tools for defining complex XBRL taxonomies
  • read and understand impact of existing, advanced  taxonomies for developing of software components and design of databases

Value

Upon completion of this course you will be:

  • well prepared to obtain the XBRL Foundation Certificate
  • familiarized with basic terms related to XBRL standard
  • author of your first XBRL taxonomy
  • able to identify key milestones of implementing electronic data exchange format by public authorities
  • familiarized with common xbrl taxonomies architectures (ITA, DPM, GL)
  • navigate and understand existing, advanced XBRL taxonomies
  • assess effort required to develop new or update existing software application you are working on
  • understand potential of XBRL standard for building reporting data quality assurance solutions