XBRL Seminar
by K. Balachandran,
Cofounder & Director, IRIS Business Solutions
18 OCT 2011 - The Lalit, DELHI
20 OCT 2011 - JW Marriott, MUMBAI
22 OCT 2011 - Courtyard Marriott, CHENNAI
Introduction
With information reporting and processing across the globe moving to XBRL, there is a need to equip you and your company employees with the XBRL “know-how”. XBRL, an open standard, has its complexities, and a well designed training course can provide you with a jump start for acquiring the XBRL understanding.
XBRL Process has following components:
• Taxonomy Creation – Done by accountants with good domain knowledge and
• Tool Creation and Process Implementation – Done by MBAs, Software Engineers and other technology people.
The faculty for the workshop are a unique blend of domain experts (accounting professionals) and XBRL technology experts.
As domain experts, they have hands on experience of creating taxonomies and generating XBRL documents. The experience extends to all taxonomies like IFRS, US GAAP, UK GAAP, Indian GAAP & BASEL II, Mutual Funds, FINREP and COREP. Not only this, but they have also converted thousands of financial documents into XBRL Format.
Combined with the rich domain experience, the team of technology experts bring in the experience of conceptualizing, architecting and managing, nationwide, XBRL-based projects and solutions.
Objective:
To acquire working level knowledge of XBRL including
• Finer Points on MCA Mandate for XBRL Filing
• Introduction to basic concepts of XBRL
• Ways to meet the MCA Mandate: XBRL Applications
• Creating XBRL instance document: Hands-on practical training on preparation of Balance Sheet with IRIS XBRL Authoring tool: Proton
Program Schedule:
Training would be mostly through presentations and demos. The exercises are to be solved in hardcopies.
SESSION 1
MCA Mandate:
To understand the MCA mandate on XBRL and identify the need to understand XBRL: Issues in Current Financial Reporting and Reason for evolution of XBRL as reporting standard
SESSION 2
Introduction to Basics of XBRL
( Taxonomy) Introduction to XBRL Concepts,
Schema and its properties and
Linkbases and their properties
MCA Taxonomy
To understand the MCA taxonomy and its various technical aspects.
SESSION 3
Meeting the MCA Mandate
Ways to meet the MCA Mandate:
XBRL Applications
SESSION 4
Basics of XBRL
( Instance Document) Anatomy of XBRL Instance documents,
Creating a Sample Instance Document based on MCA taxonomy,
using IRIS’ applications Theory+ Practical Hands-on training
Question hour - Q & A session Discussion
Target Audience
• Directors, General Managers
• Business, Financial and Accounting Managers
• Accountants, C.F.O.s, Company Secretaries
• Auditors
• CIOs and people responsible for Internal Reporting Systems
• People working with Regulators and Revenue Authorities
• Analysts, Investors and Data Architects
• Software Vendors and Accounting Management Consultancy Experts
Training Methodology:
The team of trainers is a blend of both the domain experts and the product experts. The sessions on the XBRL Intricacies will be taken by experienced accountants (CAs/ICWAs) and the tool demonstration will be done by technology experts.
What to expect
At the end of the day the participant will be ready to convert a simple balance sheet into an XBRL document ready for MCA filing.
Faculty:
K. Balachandran, Cofounder & Director
IRIS Business Solutions
-Balachandran carries with him more than 18 years of experience in financial information, research and related technology driven solutions.
-Balachandran plays a key role in IRIS’ XBRL practice and led the project in building the Indian XBRL taxonomy
-He has spoken at several forums on XBRL, both in India and internationally and is also part of committees of the Ministry of Company Affairs, India.
-Before setting up IRIS, he previously worked as a research analyst at Tata Economic Consultancy Services and as a group leader at CRISIL (India’s premier rating agency).
-He is an MBA from IIM-Bangalore and also holds a B Tech degree in chemical engineering.
About IRIS:
-IRIS Business Services (IRIS) is a financial information and technology company having over fourteen years of expertise in the area broadly described as financial information and its management.
-IRIS is a significant player in the XBRL space globally.
-IRIS brings over six years of rich experience in building XBRL solutions and services and has on its role more than 500 XBRL professionals spanning both domain and technology.
-Right from the outset, IRIS has been associated with the regulators in the country for their move to XBRL based reporting and has in fact built both the taxonomy and the software solution for them.
-Their major clients for software solutions are RBI, BSE, NSE, SEBI etc and they have developed taxonomies for ICAI, MCA, RBI and a few IFRS Based Taxonomies.
Timings
9:30 am - 5:30 pm , Registration begins at 9:00 amHow to Register
• Fees: Rs. 7,500/- +10.3 % service tax per person
• Please write to register@princetonacademy.in / Call -022 66976892
• Mention the name of participant, company, contact details .
• Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
• Fees includes lunch, tea, course material etc.
Register for Seminar
Online Registration form
Contact us
Registered Office Address
Princeton Academy
502 Shalimar Morya Park,Link Road,Andheri [W], Mumbai - 400053. INDIA
Tel: +91 22 66976892 | Fax: 022 26733060
Email: register@princetonacademy.in
Newsletter Subscribe