Beyond XBRL Business Challenges for Financial Reporting

1
Beyond XBRLBusiness Challenges for Financial
Reporting

• Additional Material

2
XBRL Formula Linkbase in CDR

• A Collection of Business Rules
• Ensure valid data and quality data
• Each formula (edit) evaluates to True or False
  (pass or fail)
• Validity Formulas failure results in rejection
• Example sum of values in a column must equal the
  value reported as the total for this column.
• Wages Tips Dividends Total_Income
• Quality Formulas failure results in analyst
  query
• Example total deposits for the current quarter
  should be greater than the total deposits in the
  prior quarter. The formula language permits
  inclusion of prior period data for the associated
  financial institution.
• Total_DepositsP0 gt Total_Deposits-P1Q

3
CDR Electronic Response to Institutions

• Submission Accepted If
• All Validity Formulas pass
• Any failed Quality Formulas have an explanation
• Response submission received and pending
• Submission Rejected If
• Any Validity Formulas fail
• Any failed Quality Formulas do not have an
  explanation
• Response submission rejected, please correct and
  resubmit
• Includes list and description of each failure

4
CDR Quality Formula (R0240.2039)

• Formula
• If ( (MonthOf(Context.Period.EndDate) ltgt 3) And
  (ccRIAD9106P0 lt ccRIAD9106-P1Q) And
  (ccRCON2170P0 gt 0),
• ccRIADA518P0 gt (ccRIADA518-P1Q - 2000),
• TRUE)
• Formula Message for Rejection Notification
• Income statement items are reported on a
  calendar year-to-date basis. Therefore, the
  RIADA5180 your bank reported this quarter for
  "Interest expense on Time deposits of less than
  100,000 in Nontransaction accounts" (RI
  2.a.(2)(c)) should be greater than or equal to
  the RIADA518-1 reported in the previous
  quarter. Please review your reported data, and
  explain or revise as appropriate.

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