Integrating Disclosure Management with your financial reporting system to produce XBRL instance documents requires planning and organization. To determine the necessary steps after you have installed Disclosure Management, consider the following:
Taxonomy Assessment—Assess which taxonomy is most appropriate for your XBRL filing requirements.
Training—Implement a plan to train key personnel on XBRL filing requirements, taxonomy concepts, and how to use Disclosure Management.
XBRL Project Team—Assemble a team who can perform these functions:
Manage the XBRL project
Provide expertise in regional regulatory rules and the organization's reporting requirements
Demonstrate expertise in XBRL
Mapping—Identify the personnel who are tasked to map your financial statements.
Data Collection—Determine a process to consolidate and produce the financial data that is persisted to the XBRL instance documents.
Extensions—Designate the personnel responsible for extending taxonomies based on organizational reporting requirements.
Review—Implement a process for reviewing and validating instance documents. The instance document should adhere to additional submission requirements that the regulatory body imposes on XBRL submissions. For example, the SEC has additional submission criteria for filers. This submission criterion is added to the technical validation as indicated by the XBRL specification. While Disclosure Management provides the validation to ensure XBRL validity (per the XBRL specification), it does not enforce additional submission criteria that may be required by a regulatory agency.