Overview: XBRL and Regulatory Reporting With Narrative Reporting

In this overview we’ll show you the highlights of the eXtensible Business Reporting Language and regulatory reporting capabilities in Disclosure Management, a new feature only provided in Enterprise Performance Reporting Cloud. With eXtensible business reporting language – XBRL- you can standardize how diverse business information is exchanged, and dynamically create, manage, and publish the required filings for your business in a secure and collaborative environment. For example, US businesses can generate XBRL and EDGAR HTML filings for the Security Exchange Commission. The following tools provide an end-to-end XBRL reporting solution for your domestic and international requirements: taxonomy designer, intuitive mapping tool, auto tagging in regulator provided templates, formula validations to comply with standards such as SEC and IFRS, document management such as check-in and check-out, and publication in EDGAR HTML, XBRL, Word, and PDF formats. In order to use XBRL to create an instance document that you can publish in the required format: create doclets to build your financial disclosure reports an Enterprise Performance Reporting and move them to disclosure management after sign-off or create them directly in disclosure management, apply XBRL components to your data with the mapping tool, validate the instance document and preview the mapped results, and publish. Let’s explore this process in a sample 10-Q and perform some tagging in a balance sheet doclet. After checking out the doclet we can use the mapping tool to display the taxonomy elements for tagging. We’ll use them to map concept, context, and units of measure. Let’s tag cash and cash equivalents. We can map data in two ways: manually for descriptive content, or by activating quick map to tag lots of data, such as columns, if unit and context are the same. Because all values for June are in US dollars we can use quick map to tag a selected concept (the context and unit mappings are automatically tagged for us), and then we can attach the mapping. We can see the mapped values on the Review tab. To ensure our tagging is correct we can validate to fix any errors before checking the doclet back in. Then we can publish an XBRL format and view the filing summary. In this overview we showed you the highlights of XBRL in disclosure management. To learn more visit cloud.oracle.com.

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