By the end of this event the participant should:
Understand what XBRL is.
Understand which companies must file using XBRL.
Understand how to file AFS in the XBRL format.
Understand the role of accountants vs auditors in filing XBRL.
Know the filing deadlines and penalties for non-submissions.
Get answers to FAQs on XBRL.
The webinar will cover the following topics:
XBRL defined.
What is the differences between:
XBRL AFS; and
XBRL FAS?
Tagging financial statements using XBRL:
At entity level.
At engagement level.
Tagging income and expenses prior to filing:
Using available accounting software.
Using MS Excel.
Creating sub-classifications of assets, liabilities and equities:
Using available accounting software.
Using MS Excel.
XBRL challenges vs opportunities
Deadlines and penalties for incorrect or late submissions.
How does auditor independence affect filing obligation?
Do XBRL financial statements need to be audited?
Other FAQs on XBRL.