MACPA NFP Case Study at XBRL US
-
Upload
thomas-hood -
Category
Business
-
view
999 -
download
0
description
Transcript of MACPA NFP Case Study at XBRL US
XBRL for Nonprofit Financials
Maryland Association of CPAs
• 8,500 CPA members • $6.5 million budget • 34 employees
Maryland AssociaHon of CPAs
• Global Ledger • BoJom up approach • “Free” the data • Faster informaHon
What Intrigued us?
• It will change how they work! • Less compiling • More analysis and interpretaHon
Why is this important to CPAs?
• Mapping was a challenge • Non-‐Profits need their own taxonomy • XBRL would be beneficial in the non-‐profit community
IniHal work on XBRL
• Tagged at the transacHon level • Tagged our membership database & Dynamics • Pulled from both to populate reports • Drill down capability • Faster informaHon
Recent XBRL work…...
• Difficult to quanHfy • More detail • Faster • AutomaHon • Deeper informaHon
Global Ledger Savings?
• 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
Technical Overview
• Membership database – AM.Net – A/R – A/P – Event Data – No Accruals accounted for in reports
• Microsoc Dynamics – Accruals – Budgets – FRX Reports
MACPA’s AccounHng System
• AccounHng Systems Don’t talk to each other
• Staff require different data sets
• “Are the numbers right” – manual process response
Disconnects/Fix
• XBRL Global Ledger! • AlternaHve soluHon: – Give Dynamics and Am.Net an UlHmatum: Stop ignoring each other or we are switching to QuickBooks unHl they start behaving.
• 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
Mapping
AM.Net to XBRL GL
Dynamics to XBRL GL
AccounHng Data Dynamics
AccounHng Data AMNET
XBRL GL Data
Excel XML Import
Financial Scoreboard Graph
Audit Worksheet Budget vs. Actual
Drill Down Internal Statements OperaHng Statement – Excel Pivot Table
Drill Down Internal Statements 2nd Level Detail – Web Expenses
Drill Down Internal Statements 3rd Level Detail – Web Expense
• 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
Global Ledger Benefits?
• Non-‐profit taxonomy • Graphic representaHon • Form 990 populaHon • SBR in Maryland? • Direct Cash Flow Statement -‐ With drill down • Salesforce.com • Sharing data
Where are we going?
Consider Global Ledger
Set Your Data Free!
Copyright Paramount Pictures
• Eric Cohen – PwC • Mike Willis – PwC • Tara LeFave – Altova • Beth O’Brien -‐ Altova • Taylor Hawes – Microsoc • Chethan Gorur – Trintech
Thanks to…….
• 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
More XBRL resources from MACPA
• Skip Falatko • [email protected] • Linkedin hJp://
www.linkedin.com/pub/skip-‐falatko/4/14b/332
• Thomas Hood • [email protected] • Linkedin
hJp://www.linkedin.com/pub/thomas-‐hood/17/76a/5a1
Contact info………