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1 Standardization through XBRL Why XBRL? XBRL = open standard for - PDF document

Apr 10, 2024 •345 likes •383 views

The structural business statistics Structural business statistics? Yearly survey on the structure of enterprises (costs, profits, investments,) Asks for accounting data Administrative burden: Administrative simplification

  1. The structural business statistics � Structural business statistics? • Yearly survey on the structure of enterprises (costs, profits, investments,…) • Asks for accounting data � Administrative burden: Administrative simplification structural business statistics survey, NSI Belgium – AB=((T time x P price ) + OOP) x Q frequency x Q number ) – AB= ((5.01 x €32) + 0) x 1 x 40,000) – AB= €6,412,800 or +/- €160 per actor Heerlen, 23-03-2011 http://economie.fgov.be http://economie.fgov.be SBS survey simplification Study Federation Of Enterprises in Belgium (2007) � History SBS survey simplification Waste survey 0,1 – Initially (1995): paper only Labour cost survey 0,2 – In 2002: first administrative simplification Turnover in retail 0,3 • Deleting sections that are asked for twice (annual 0,5 ICT survey accounts, NSSO,...) Structure of earnings 1 Construction statistics 1,4 • Limited number of documents could be transferred by Statistics Transport by road 1,6 floppy disk to NSI Structural Business Statistics 10,9 – Result simplification: Balance of payments 11 • Up to 40% of sections were deleted Prodcom 13,2 intrastat 25,1 • +/- 92% of declarations on paper and 8% on floppy disk social balance 34,7 0 5 10 15 20 25 30 35 40 % burden http://economie.fgov.be http://economie.fgov.be SBS Survey Simplification 2008 SBS Survey Simplification 2008 � Administrative simplification techniques – Gold-plating – Changing survey frequency • Checking to what extent national surveys are in line • Decrease frequency of the annexes with European statistical demands • negative coordination in the rotation scheme allows – Questioning fewer enterprises better spread across target population • The threshold for exhaustive surveying has been increased – E-government • A rotation scheme was introduced for SME’s, • Can we simplify the B2G information transfer and can estimation model for non – surveyed enterprises we do so without burdening the enterprise too much? • Administrative fines for non – responding enterprises • XBRL: Electronic reporting language based on XML – Avoiding double questioning (open standard) for the exchange of company data • Figures known from annual accounts are prefilled in the through the internet, limiting manipulation as much as questionnaire possible • Checks whether sum of subheadings equals the prefilled total from the annual account http://economie.fgov.be http://economie.fgov.be 1

  2. Standardization through XBRL Why XBRL? � XBRL = open standard for electronic exchange of information. � A lot of the information required by statistical surveys is available in the enterprises information system (eg accountancy data, data on personnel, …) � We need matching between the information in the enterprises information system and the statistical information required, XBRL allows this matching � XBRL in Belgium already being used by NBB, taxes administration, NSI, federal planning agency http://economie.fgov.be http://economie.fgov.be What is XBRL? � XBRL works with taxonomies – = Type of dictionary in which elements are uniquely SBS survey simplification defined and additional characteristics added – Technically a taxonomy is a combination of xml files – The schema file contains the unique element declarations and basic characteristics – Linkbases add more characteristics to the elements: • Label linkbase: different labels in different languages • Reference linkbase: references • Presentation linkbase: lay - out of documents • Calculation linkbase (formula linkbase): order of operations • Definition linkbase http://economie.fgov.be http://economie.fgov.be XBRL taxonomy editor screenshot Data collection based on XBRL � Three answering methods: SBS survey simplification – An application automatically constructs a websurvey from the XBRL taxonomy, enterprises can fill in the questionnaire online – An upload procedure to upload XBRL instances created from the enterprises information system – The paper questionnaire still exists http://economie.fgov.be http://economie.fgov.be 2

  3. Results: enterprise characteristics by Results declaration method Median Median no % filled in by Mean session Turnover employees external length accountant Paper 495 080 6 44% / Websurvey 1 627 493 12 35% 17 mins Upload 2 558 772 14 51% 8 mins procedure http://economie.fgov.be http://economie.fgov.be Results: response over time Summary Results Before After simplification simplification Sample size 41,000 28,000 Deletion-pre-fill (upload) 40% 40% (95%) Electronic data transfer 8% 90% Paper questionnaires 92% 10% Data treatment process (in months) 11 7 Cost for enterprises 6,412,800 4,282,800 Staff (in FTE) 31.3 13.6 http://economie.fgov.be http://economie.fgov.be Plans for the future � Horizontal integration of the data collection process (organization per process instead of per survey) � All web surveys based on 3 tools: XBRL, Blaise and Java � One declaration platform for all web surveys � Expand the use of XBRL to other surveys (structure of earnings survey, tourism survey, transport of goods over the road survey) � Upgrade the XBRL web application to include XBRL dimensions http://economie.fgov.be 3

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