Accounting

1
Accounting Statistics Task Force meeting
Lindsey Domingo / Bart Kuipers
Presentation of XBRL Feasibility Study
Luxembourg, 23 September 2004
2
Agenda

• Project overview
• Summary of each work package
• Questions and answers

3
Project overview

• Overall objective Eurostat wishes to investigate
  the feasibility of a project to extract economic
  statistical data from XBRL reports
• Timing 26 March 2004 ? 25 September 2004
• The project consists of 7 Work Packages
• WP1 Produce implementation report
• WP2 Potential of XBRL as a source of economic
  statistical data
• WP3 Analyse the impact of International
  Accounting Standards
• WP4 Determine the intended use of XBRL by
  financial institutions
• WP5 Analysis on guarantee of confidentiality
• WP6 Consideration of a pilot project
• WP7 Development, if considered feasible, of a
  Global Implementation Plan (GIP)

4
Work Package 1 Produce Implementation Report
Objectives
Key Results Conclusions
5
Work Package 2 The potential of XBRL as a source
of economic statistical data
Objectives
Key Results Conclusions
6
Work Package 3 Analyse the impact of
International Accounting Standards /International
Financial Reporting Standards (IFRS)
Objectives
Key Results Conclusions
7
Work Package 4 Determine the intended use of
XBRL by financial institutions
Objectives
Key Results Conclusions
8
Work Package 5 Analysis on guarantee of
confidentiality (provisional)
Objectives
Key Results Conclusions
9
Work Package 6 Consideration of a pilot project
(provisional)
Objectives
Key Results Conclusions
10
Work Package 7 Development, if considered
feasible, of a Global Implementation Plan (GIP)
Objectives
Key Results Conclusions
11
Questions Answers