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MACPA NFP Case Study at XBRL US
This document discusses the Maryland Association of CPAs' work with XBRL (eXtensible Business Reporting Language) for nonprofit financial reporting. Some key points: - MACPA mapped their accounting data from their membership database and Dynamics system to the XBRL Global Ledger taxonomy for faster analysis and reporting. - This allows for drill-down within financial reports from annual down to transaction-level details. - Benefits include reduced manual work, fewer errors, and faster access to more detailed financial information. - Future plans include developing a nonprofit-specific taxonomy and populating IRS Form 990 with XBRL data.
MACPA NFP Case Study at XBRL US
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- 2. Maryland AssociaHon of CPAs • 8,500 CPA members • $6.5 million budget • 34 employees
- 3. What Intrigued us? • Global Ledger • BoJom up approach • Free the data • Faster informaHon
- 4. Why is this important to CPAs? • It will change how they work! • Less compiling • More analysis and interpretaHon
- 5. IniHal work on XBRL • Mapping was a challenge • Non-‐Profits need their own taxonomy • XBRL would be beneficial in the non-‐ profit community
- 6. Recent XBRL work…... • Tagged at the transacHon level • Tagged our membership database & Dynamics • Pulled from both to populate reports • Drill down capability • Faster informaHon
- 7. Global Ledger Savings? • Difficult to quanHfy • More detail • Faster • AutomaHon • Deeper informaHon
- 8. Technical Overview • Map accounHng data to XBRL Global Ledger Taxonomy • Use Dynamics and Am.Net • Use Excel data import for KPI analysis, other apps • UHlize Global Ledger data to automate internal financial reporHng process – KPIs, Audit, Freedom of Data
- 9. MACPA s AccounHng System • Membership database – • Microsoc Dynamics AM.Net – Accruals – A/R – Budgets – A/P – FRX Reports – Event Data – No Accruals accounted for in reports
- 10. Disconnects/Fix • AccounHng Systems • XBRL Global Ledger! Don t talk to each other • AlternaHve soluHon: • Staff require different – Give Dynamics and Am.Net data sets an UlHmatum: Stop ignoring each other or we • Are the numbers right – are switching to manual process response QuickBooks unHl they start behaving.
- 11. Mapping • Altova Mapforce • IdenHfy correct informaHon – tables in DB • Use SQL to retrieve relevant data • AccounHng Data to XBRL GL Taxonomy • Process XBRL GL Data using SQL • Create batch files to update instance documents
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- 19. Audit Worksheet Budget vs. Actual
- 20. Drill Down Internal Statements OperaHng Statement – Excel Pivot Table
- 21. Drill Down Internal Statements 2nd Level Detail – Web Expenses
- 22. Drill Down Internal Statements 3rd Level Detail – Web Expense
- 23. Global Ledger Benefits? • Faster movement of data • Reduced manual effort • ReducHon of errors • Comparability across other organizaHons • Deeper analysis – TransacHon level detail availability – Annual, Quarterly, Monthly for past 11 years of data
- 24. Where are we going? • Non-‐profit taxonomy • Graphic representaHon • Form 990 populaHon • SBR in Maryland? • Direct Cash Flow Statement -‐ With drill down • Salesforce.com • Sharing data
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- 26. Set Your Data Free! Copyright Paramount Pictures
- 27. Thanks to……. • Eric Cohen – PwC • Mike Willis – PwC • Tara LeFave – Altova • Beth O Brien -‐ Altova • Taylor Hawes – Microsoc • Chethan Gorur – Trintech
- 28. More XBRL resources from MACPA • Our blog CPA Success – hJp://www.cpasuccess.com/XBRL • Our podcasts – hJp://www.macpa.org • Our XBRL webcasts in our learning center – hJp://www.macpa.org/Content/23333.aspx • Case study on-‐line hJp://www.cpasuccess.com/2011/06/macpa-‐and-‐xbrl-‐a-‐ small-‐biz-‐case-‐study.html
- 29. Contact info……… • Skip Falatko • Thomas Hood • [email protected] • [email protected] • Linkedin hJp:// • Linkedin www.linkedin.com/pub/skip-‐ hJp://www.linkedin.com/pub/ falatko/4/14b/332 thomas-‐hood/17/76a/5a1