sage ixbrl portfolio update

The iXBRL PortfolioAccounts Production

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Sage’s XBRL / iXBRL Roadmap

Topic

The Sage Approach to XBRL

Overview of development methodology and progress

Demonstration of Page Production and export to XBRL

Q & A

Sage’s Approach to iXBRL

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•To reduce the level of effort required by accountants down to the click of a few buttons•Sage’s iXBRL solution will come as a module to the existing

Sage Accounts Production offering•The iXBRL solution will incorporate a significant

reengineering of Sage Accounts Production which will see the generation of financial statement move from the current “Pages” section to a new module - Interactive Financial Statement (IFS)•The IFS interface is designed to be user friendly and is

presented in a word/excel like interface

Exactly what will I be required to do?

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1. Download the IFS/iXBRL module from the Sage website or run from a CD

2. Run the mapping wizard:

- The mapping wizard will map the existing chart of accounts to IFS

- Where the chart of accounts has been altered, the mapping wizard will allow the user to manually map any remaining nominals

3. Prepare the financial statements from the client’s trial balance as normal in Sage Accounts Production

4. To view the financial statement - instead of clicking pages, simply click IFS

5. The financial statements are generated, with the iXBRL tagging in the background

6. Show iXBRL facility

7. Click submit button

IFS and iXBRL

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•Fully configurable and customisable financial statements allow the user to make changes without the need to export to any other application•HMRC may eventually require financial statements to be fully tagged as opposed to partially tagged – the 1st April 2011 deadline. •IFS natively supports iXBRL and XBRL from the ground up and will allow fully tagged accounts to be produced from initial release•Our goal at Sage is to limit the impact on how you create a set of financial statements.

Sage Accounts Production

IFS Editor

Final Accounts Produced

AP Products

IFS Viewer

iXBRL File Generation

User ExperienceOur Approach

Maintains current investment and understanding

Sage Accounts Production

Benefits of the IFS• Error Report

– Errors Warnings and Advice• Report Pads

– User Defined Items• Drill Down

– Greater functionality on the face• Styles

– Greater influence over style

Component Parts

The Interactive Financial Statements – Component parts

– The Mapping Wizard

– The Styles Editor

– The Compliance Editor

– The Viewer

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The Styles Editor

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The Mapping Wizard

Sage Accounts Production

The Editor

• This provides the power behind the IFS• Ability to specify your output

• Without knowledge of formatting• Build your own pro-formas• Specify exactly the tabular output you wish

The Editor

Sage Accounts Production

Viewer

• For 99% of users this will be all that they use• V1 will still retain current product• Reads off a templates• Very user friendly• Set options / discl / details etc... Within the new IFS module• Drill down• Journals posting for V1• Produce Accounts and iXBRL files

Contact

heather.hamilton@sage.com

peter.hutt@sage.com

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