Understanding XBRL Reporting Using PeopleSoft EPM

These topics discuss XBRL reporting functionality, which enables you to meet the XBRL financial reporting requirements and create XBRL Instance documents per the XBRL Specifications 2.1, and includes:

• Pages that enable you to define the components for an XBRL Instance document.
• Pages that enable you to set up and define taxonomy elements and the required sections of an XBRL Instance document.
• An import utility to upload taxonomy elements and financial report facts.
• An application engine process that generates the XBRL Instance report.

This document discusses how to set up the new XBRL Reporting functionality and create XBRL instance documents for submission to a specified reporting entity. Examples used are for US GAAP.

Note: The functionality deals only with XBRL encoding. This means that you may have generated your financial reports in any source system, (PeopleSoft General Ledger or PeopleSoft Global Consolidations, for example) or using any reporting tool (PS nVision, for example) or any other third party tool.

XBRL Reporting Requirements and Reference Resources

In May 2008, the United States Security Exchange Commission (SEC) issued rules to adopt eXtensible Business Reporting Language (XBRL), the financial reporting version of XML, as the standard to meet financial reporting requirements.

The SEC's proposed schedule would require companies using U.S. Generally Accepted Accounting Principles (US GAAP) with a worldwide public float over $5 billion to make financial disclosures using interactive data formatted in eXtensible Business Reporting Language (XBRL) for fiscal periods ending in late 2008. If adopted, the first interactive data provided under the new rules would be made public in early 2009. The remaining companies using U.S. GAAP would provide this disclosure over the following two years. Companies using International Financial Reporting Standards (IFRS) would provide this disclosure for fiscal periods ending in late 2010. The disclosure would be provided as additional exhibits to annual and quarterly reports and registration statements. Companies also would be required to post this information on their websites.

The required tagged disclosures would include companies' primary financial statements, notes, and financial statement schedules. Initially, companies would tag notes and schedules as blocks of text, and later, they would provide tags for the details within the notes and schedules.

The following table lists references and resources for more information about the SEC rulings and XBRL requirements.

Documents	Location
XBRL Specifications 2.1	http://www.xbrl.org/Specification/XBRL-RECOMMENDATION-2003-12-31+Corrected-Errata-2008-07-02.htm/
Financial Reporting Instance Standards 1.0	http://www.xbrl.org/technical/guidance/FRIS-PWD-2004-11-14.htm
Tutorial and in-depth technical training on XBRL	http://www.xbrl.org/EducationAndTraining/
Education and Training	http://www.xbrl.org/EducationAndTraining/
XBRL US GAAP Taxonomy 1.0	http://www.xbrl.org/FRTaxonomies/
XBRL US GAAP Taxonomy Preparers Guide	http://xbrl.us/Documents/PreparersGuide.pdf

Note: This documentation assumes that you are familiar with the XBRL instance document requirements; it does not describe the XBRL specifications, reporting standards, or taxonomy structure. Please refer to the reference materials in the previous table for detailed information about XBRL.

Using the XBRL Reporting Features

The following list outlines the typical activities that you'll complete to generate XBRL financial statements:

Prepare Financial Statements and map elements to required taxonomy.

These steps are completed outside of the PeopleSoft EPM application, using financial applications, spreadsheets, and the XBRL websites to prepare and tag the data. Typically this phase includes the following tasks:
1. Close the accounting period.
2. Generate, review, and finalize financial reports (which includes formatting & rounding of amounts).
3. Map the line items of your source financial reports to GAAP Taxonomy elements, using a spreadsheet program or similar tool, and using applicable XBRL taxonomy websites.
  
  The number of elements that are applicable to your organization is likely to be a small subset of all taxonomy elements. For example, there are 12,000 elements defined for US GAAP. A US GAAP user will access the US XBRL website and choose their industry entry point to review and copy the taxonomy elements (and some of their attributes) applicable to their reporting.
  
  Note: The US XBRL website provides a taxonomy viewer to search and look up taxonomy elements for financial report line items and standard footnotes.
Set up XBRL Definitions in EPM. This information is discussed in the Setting Up XBRL Definitions in EPM topic.
Upload XBRL taxonomy and financial element facts, and create footnotes.

These steps are discussed in the Uploading and Maintaining XBRL Facts and Taxonomy Elements topic.
Create an XBRL instance report.

This step is discussed in the Creating XBRL Instance Documents topic.