XBRL Foundation Certificate
Prepare yourself to leverage XBRL
The XBRL Foundation Certificate program from XII is an intensive training and examination process that will prepare stakeholders at all levels to understand the ramifications of using XBRL to meet their business objectives.
The XBRL Foundation Certificate program is the only globally recognised XBRL training program from the consortium that created, manages and maintains the XBRL Specification***.
- Recognize the importance and challenges of electronic reporting
- Comprehend the basic role and principles of XBRL as electronic business reporting standard
- Know key facts about XBRL's history and current usage
- Understand the architecture of XBRL standard and its key
- Grasp the key benefits of XBRL adoption (impact on processes of data collection, validation, storage, analysis, publication)
- Be able to communicate the merits of adopting XBRL to meet their business objectives and identify necessary steps to begin the process
|US, Oceana, Canada||Europe||Japan||
"Region 3" - including India, China, Africa**
|Training and Exam (XII member)||$699||€549||¥74,000||$395|
|Training and Exam (non-member)||$795||€649||¥84,000||$495|
* The training and exam must be purchased together
** For a complete list of Region Three countries, please click here. All other countries not in Europe fall under US pricing
*** In order to comply with industry norms for the granting of continuing education credits, the pass rate for the XBRL Foundation Certification has been raised to 70%.
Modular Based Learning
The XBRL Foundation Certificate training program is consists of discrete modules that take learners progressively through the curriculum. Each module contains review sections and a quiz to allow candidates to assess their knowledge and progress.
There are five learning modules in the XBRL Foundation Certificate covering a broad range of topics, including a comparison of business reporting methods, the business requirements that drove the development of the XBRL Specification, the general architecture of XBRL, and the specifications main components and the basics of modeling for XBRL taxonomy development.
The modules are presented as a roundtable meeting, allowing learners to experience the deliberations and decision-making process around XBRL implementation as it might occur in the workplace. Various stakeholders such as regulators, filers, and technologists are represented.
The modules are presented as a roundtable meeting between an E-government Coordinator and representatives from a Securities Financial Commission, a Central Bank, the Ministry of Finance, a Listed Companies Association (filers), a Software Industry Association and an XBRL Consultant regarding future E-reporting strategy for a generic country. The XBRL Consultant plays a key role in providing information about XBRL as responses to questions.
- Provide a comparison of different reporting formats, from paper to electronic presentation and description.
- Present the idea, benefits, and challenges of electronic business reporting.
- Introduce eXtensible Business Reporting Language (or XBRL) as an electronic standard for exchange of business information
Topics Covered Module 1
- 1.1: Business Reporting - Purpose and Challenges
- 1.2: Idea and Key Benefits of Electronic Reporting
- 1.3: Various Electronic Data Exchange Formats and Advantages of Standards
- 1.4: XBRL as an Electronic Business Reporting Standard
- Understand the origin, history, development process, maintenance, and governance of the eXtensible Business Reporting Language (XBRL) standard.
- Discuss the functionalities of the XBRL standard.
- Report the real application of XBRL in international projects, in different reporting scenarios.
- Identify the inputs needed for developing the XBRL taxonomy.
Topics Covered in Module 2
- 2.1: Development and Maintenance of XBRL
- 2.2: Flexibility of Application: Key XBRL Implementations
- 2.3: Introduction to the Application of XBRL for the Exchange of Annual Reports
- Understand how XBRL enables the tagging of any piece of financial information.
- Describe the general architecture of XBRL and its main components: Taxonomies and instance documents.
- Identify the link between taxonomies and instance documents.
- Know the process of creating a report based on taxonomies.
Topics Covered in Module 3
- 3.1: XBRL as a Markup Language for Business Data
- 3.2: XBRL Architecture and Its Key Components: Dictionary and Report
- 3.3: XBRL Taxonomy as a Dictionary of Business Concepts
- Understand the basics of data modeling for eXtensible Business Reporting Language (XBRL) taxonomies development.
- Explain the building blocks of XBRL: Declaration of concepts, relationship layers, and others.
- Identify how to browse XBRL taxonomies and their content.
- Understand the functions of various linkbases available in XBRL taxonomies.
- Explain the architecture of XBRL instance documents.
- Identify the differences and similarities between XBRL and XML and their comparative value for business reporting.
- Outline the architecture and functionality of XBRL extensions
Topics Covered in Module 4
- 4.1: Introduction to Data Modeling in XBRL
- 4.2: Organization of the XBRL Taxonomy: Schema and Linkbases
- 4.3: Functions and Types of Linkbases: Purpose of Application and Content
- 4.4: Impact of Linkbases on the Content of Instance Documents
- 4.5: Instance Documents
- 4.6: Comparison of the Value of XBRL and XML for Business Reporting
- 4.7: General Architecture and Functionality of XBRL Extensions
- Understand the Electronic Business Reporting Supply Chain (eBRSC).
- Find out about the key phases and functions of eBRSC.
- Understand the types and roles of eXtensible Business Reporting Language (XBRL) software for eBRSC.
Topics Covered in Module 5
- 5.1: Key Phases and Functions of eBRSC
- 5.2: Functional Role of XBRL Software in eBRSC