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| Expert meeting on international standards for financial and business reporting at the 3rd XBRL Conference
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As the presiding European Commerce Registers’ Forum (ECRF) register, the Serbian Business Register Agency (SBRA) organized and hosted the 3rd XBRL ECRF Conference in Belgrade on 18 January 2008.
This expert ECRF Conference was devoted to XBRL (eXtensible Business Reporting Language), the international standard in financial and business reporting, as well as its application in the work of business registers.
The Belgrade Conference was attended by 73 participants from the US, 16 European countries (Switzerland, Estonia, Luxembourg, Sweden, the United Kingdom, the British Channel Island Guernsey, Latvia, Italy, Greece, Lithuania, Former Yugoslav Republic of Macedonia, Croatia, Lichtenstein, Ireland, the Netherlands and Denmark) and Serbia (National Bank of Serbia, Belgrade Stock Exchange, Statistical Office of the Republic, Spinnaker – a member of ComTrade Group, Belit d.o.o. and the College of Accounting and Stock Exchange.
Ms. Liv A. Watson, XBRL expert from the U.S., (Vice President of Global Strategy, EDGAR Online Inc. NASDAQ; EDG, the leading global supplier of comprehensive business and financial information and reports on multinational companies, XBRL International Steering Committee Member and Chair of XBRL International Jurisdiction Development Working Group, responsible for the development of the international EDGAR Online Inc. standard), shared with the participants her extensive and rich experience in the implementation of this standard in the US. Mr. Paolo Lombardi, Director of the Centre for the Contact Groups Banca Monte dei Paschi di Siena and Coordinator of the ICT Musing Project, funded by the European Union, presented his experience in the application of XBRL in the banking sector.
Following the conference, the Agency launched an “XBRL initiative in Serbia”. This initiative group, composed by representatives of several stakeholder institutions from the public and private sectors, plans to soon set in motion proposals for law amendments and practical work on the application of XBRL standards in Serbia (creating national taxonomies).
Pictures from Conference
Video clip from Conference
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Dear All,
On behalf of Mr. Zvonko Obradovic, SBRA Director & 2007/2008 President of the ECRF Steering Committee, Mr. Branislav Dobrosavljevic, SBRA System Manager, Mrs. Gabrijela Petkovic Jovanovic, SBRA PR Manager, and on my own behalf – let me thank you very much for your coming to Belgrade, Serbia, on the occasion of the 3rd XBRL Conference, held in HYATT Regency Beograd Hotel on the 18th of January, 2008!
IT WAS OUR REAL PRIVILEGE TO BE YOUR HOSTS!
Again, many thanks to Ms. Liv A. Watson and Mr. Paolo Lombardi – who have kindly accepted our invitation to be the Conference keynote speakers – for their tremendous contribution to the event!
This is also to thank a lot to: Mr. Ryan Gydesen, Mr. Matthieu van Bommel, Ms. Helene Alund, Ms. Monica Grahn, Mr. Nico Weydert, Ms. Paola Fumiani, Mr. Piero Milani, Mr. Arthur West, Ms. Jo Jones and Dr. Stanislav Polic, for their more than valuable presentations!
We really wouldn’t have succeeded in our endeavor to prepare a good Conference agenda without such a great assistance of yours!
And now, allow me to end my “speech” in a less formal manner: If you’ve smiled just for a second when started reading this announcement, it would mean to us that SBRA crew has succeeded in its attempt to somehow, modify the ECRF, from a European Commerce Registers’ FORUM - into the European Commerce Registers’ FAMILY!
Hoping that you’ve arrived back to your destinations safely, and looking forward to welcoming you in Belgrade again, on the occasion of the 11th Annual ECRF Conference (June 19-20, 2008), I do remain,
Sincerely yours,
Snezana Tosic, International Relations Adviser, SBRA.
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3rd XBRL Conference
Republic of Serbia, Belgrade
Hyatt Regency Beograd Hotel
Venue: “Beograd”/“Budva” Room
Friday – January 18, 2008
Organizer and Host: Serbian Business Registers Agency – SBRA,
2007/2008 Presiding ECRF Registry
CONFERENCE AGENDA
Click on underlined title of presentation in Conference Agenda to see Power Point presentation!
08.30–09:00 - REGISTRATION OF THE CONFERENCE PARTICIPANTS
Lobby in front of the Conference Venue: “Beograd”/“Budva” Room
(ground floor)
09:05–09:15 - OPENING SESSION
Mr. Luka Andrić,
State Secretary
Republic of Serbia
Ministry of Economy and Regional Development
Mr. Zvonko Obradović,
SBRA Director and President of the ECRF 2007/2008 Steering Committee
KEYNOTE SPEAKERS’ PRESENTATIONS
09:15-10:00 - “AROUND THE WORLD WITH XBRL!”
Ms. Liv A. Watson
Vice President of Global Strategy, EDGAR Online, Inc., USA;
XBRL International Steering Committee Member;
Chair – XBRL International Jurisdiction Development Working Group;
Board Member - Institute of Management Accountants;
XBRL US Adoption Chair
“Around the World with XBRL!”
Regulatory agencies everywhere face the challenge of colleting, processing, and reporting information more efficiently accurately and cost effectively and XBRL is fast becoming the preferred global information standard for the financial and business reporting supply chain. The "Financial Information Supply Chain" is a concept that is being driven in particular by the evolution of global electronic financial reporting platforms that are designed to enable the rapid dissemination of various types of financial information, including tax returns and regulatory reporting, analyst recommendations, and financial reporting data. This presentation will present a global overview of how XBRL is being implemented globally.
10:00-10:30 - Q&A
10:30-11:00 - COFFEE BREAK
11:00-11:40 - "XBRL IN ACTION: THE MONTE DEI PASCHI DI SIENA EXPERIENCE"
Mr. Paolo Lombardi
Director of the Group's Contact Center of Banca Monte dei Paschi di Siena Paolo
“XBRL in Action: The Monte Dei Paschi Di Siena Experience”
MPS Bank's experience in using XBRL since 2005.
Brief about Business Intelligence developments carried out through MUSING project (presented at the 15th XBRL International, Munich, 4 - 7 June 2007).
COUNTRY PRESENTATIONS
12:00-12:20 - DENMARK
Danish Commerce and Companies Agency
“Filing across Government Agencies - a Demonstration”
Mr. Ryan Gydesen,
Chief of Development
12:20–12:30 - Q&A
12:30-13:30 - LUNCH AT “FOCACCIA” RESTAURANT (GROUND FLOOR)
13:30-14:10 - THE NETHERLANDS
The Netherlands Chamber of Commerce
“Yesterday’s Investment, Tomorrow’s Profit?”
Mr. Matthieu van Bommel,
Product Manager
14:10-14:20 - Q&A
14:20-14:50 - SWEDEN
Bolagsverket - Swedish Companies Registration Office
“Sweden Meets the Future with XBRL”
Ms. Helene Alund,
Head of Unit
Ms. Monica Grahn,
Head of Department
14:50-15:00 - Q&A
15:00-15:20 - LUXEMBOURG
STATEC - Statiscal Institute of Luxembourg
“XBRL Project for Data on Annual Accounts in Luxembourg”
Mr. Nico Weydert,
Economic Adviser
15:20-15:30 - Q&A
15:30-16:00 - COFFEE BREAK WITH SNACKS
16:00-16:40 - ITALY
InfoCamere s.c.p.a.
“XBRL Filing In Italy: The Mandatory Deposit of Annual Financial Statements”
Ms. Paola Fumiani,
IT Systems Engineer
“Exposing Financial Data through XBRL: BRITE Project”
Mr. Piero Milani,
IT Project Manager
16:40-16:50 - Q&A
16:50-17:20 - UK
Companies House
“Changing Attitudes to Electronic Accounts Submission in the UK”
Mr. Arthur West,
Customer Insight Manager
Ms. Jo Jones,
Head of Development
17:20-17:40 - COFFEE BREAK WITH SNACKS
ROUNDTABLE DISCUSSION
“Knowledge Transfer and Support to the Effective XBRL Implementation”
17:40-17:50
Introduction:
“XBRL in Serbia and South Eastern Europe - Status and Perspective”
Mr. Branislav Dobrosavljevic,
System Manager, SBRA
“International accounting standards in Serbia - Practical experience”
Dr. Stanislav Polic,
Professor,
Accounting College, Belgrade
17:50-18:15
“Knowledge Transfer and Support to the Effective XBRL Implementation”
Discussion on other issues identified during the Conference
18:15 - END OF THE CONFERENCE
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