01 December 2009:
Are you ready for the 2010 deadline?
XBRL may seem conceptually simple but complexity has been an issue and developing standards has been a challenge.
The Group Finance function has never before faced a period of such tumultuous change. Governments and regulators around the world are tightening their grip on compliance; global accounting standards are becoming more complex, statutory reporting deadlines are accelerating, disclosure requirements are broadening and new forms of electronic delivery of information (XBRL) are being hastily introduced:
From 1 April 2011 for any accounting period ending after 31 March 2010, all Company Tax Returns must be filed online with accompanying accounts and computations in XBRL format. This format is a new standard designed specifically for business financial reporting - not just tax filing. You'll be able to submit this data directly from your own software to HMRC's systems.
You'll need to make sure your software will be able to file your returns using the XBRL format. While the change is some way away, it's a good idea to consider whether your software will be able to handle the new data format, particularly if you are thinking of investing in new software in the near future.
Register for this seminar to get up-to-date comment on the current and upcoming compliance requirements, better understand XBRL and what the impact of this new regulation on financial reporting will be. Also learn about tools that can help companies to deliver more accurate financial information and timely disclosures. 08:00-10:30, CIMA. 26 Chapter Street, London.