A Multitude of XBRL Varieties – with DM
Starting in 2009, SAP Disclosure Management has evolved to support a long list of XBRL scenarios in countries around the world including the US, Canada, Mexico, Colombia, Israel, Denmark, Germany, Italy, United Kingdom and all other member states of the European Economic Area.
While XBRL adoption by more and more regulatory bodies worldwide is gaining speed, DM continues to support new scenarios. Recent additions to the list are Filings to the
- Bank of Israel
- Superintendencia Financiera de Colombia
- Bolsa Mexicana de Valores
- UK Financial Reporting Council
- Danish Commerce and Companies Agency
- and filings according to the Italian Civil Code
Further scenarios will be added following the intent to
– enable compliance –
meaning that SAP provides SAP Disclosure Management with the capabilities that enable customers to create their filings with regards to the creation of input schedules, XBRL creation, validation, previews and submission.
This, on the other hand, means that DM generally* does not deliver compliance: All content required (think of input templates) can and has to be derived from the respective regulatory taxonomy of each scenario. This way, customers are able to own the content and adapt it to their needs. Customers are enabled to tag their XBRL reports based on the individual taxonomy or even auto-generate templates in case of given closed taxonomies.
In any case, enabled compliance means less dependency and fast roll-outs of new taxonomy versions for all DM XBRL customers.
Yet another scenario supported with Stack 703
With Stack 703 released on 18 Oct 2016 Danish customers can now use SAP Disclosure Management for Annual Statement Filings to the Danish Commerce and Companies Agency according to the Annual Accounts Act (årsregnskabsloven).
Needless to say that DM continues to enable its customers to comply to updated regulatory requirements. The recently released Stack 703 features as well the following good things:
US SEC arelle® Validation now including Data Quality Checks
In addition to the already known EFM validation checks performed by arelle® you can now benefit from arelle’s® Data Quality Checks (DQCs).
Asset Encumbrance DE 22.214.171.124 and FINREP DE 126.96.36.199
Deutsche Bundesbank Asset Encumbrance and FINREP supervisory reporting are now supported using the regulator’s taxonomy 188.8.131.52. See as well SAP Note 2379054.
The following SAP Notes will tell you more details about Stack 703:
|Taxonomy Support Note for AE & FINREP DE 184.108.40.206||2379054|
|Central Stack Note||2138656|
* exceptions include German E-Bilanz Tax Filings as well as a list of national EIOPA and EBA sub-scenarios which come with a given set of SAP Templates.
© 2016 SAP SE or an SAP affiliate company. All rights reserved.
No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see http://global12.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE or an SAP affiliate company for informational purposes only, without representation or warranty of any kind, and SAP SE or its affiliated companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP SE or SAP affiliate company products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release any functionality mentioned therein. This document, or any related presentation, and SAP SE’s or its affiliated companies’ strategy and possible future developments, products, and/or platform directions and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not berelied upon in making purchasing decisions.