How to Generate XBRL from Oracle's Applications
- by Theresa Hickman
I've been getting quite a few emails asking how Oracle supports XBRL.
As of June 2011, all public US companies were required to produce XBRL-based financial statements to the SEC.
The latest XBRL 2.1 specifications are supported by Oracle Hyperion Disclosure Management, which supports the XBRL tagging of financial statements as well as the disclosures and footnotes within your 10K and 10Q filings. Because many of our customers use Hyperion Financial Management (HFM) for their consolidation needs, they simply generate XBRL statements from their consolidated financial results.
Click here to watch a 3 min demo about this cool tool.
Question: What if you don't use Hyperion Financial Management, and you only use E-Business Suite General Ledger or PeopleSoft General Ledger?
Answer: No problem, all you need is Hyperion Disclosure Management to generate XBRL from your general ledger. Here are the steps:
Upload the XBRL taxonomy from the SEC or XBRL website into Hyperion Disclosure Management.
Publish your financial statements out of general ledger to Excel.
Perform the XBRL tag mapping from the Excel output to Hyperion Disclosure Management.
