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Subject: May 25th 8:00-Noon EST - Tyson's Corner, VA, U.S.A. - Invitation to XBRL Liaison & Outreach Symposium
Organizations interested in learning more about a developing XML-based standard for financial information, reporting and analysis, with the possibility of joining the Steering Committee and/or establishing a formal liaison relationship, are invited to attend an important seminar on May 25th. XBRL (Extensible Business Reporting Language) benefits every company that relies on timely and accurate reporting of business performance. From management and finance to news organizations and intermediaries to analysts, creditors and investors--every company and organization, in every industry, in every country, will be able to use XBRL to improve its business reporting and analysis. This "Liaison & Outreach" symposium will provide an overview of XBRL, its methodology and future, and the benefits and ultimate ROI to organizations participating in its development and adoption. An agenda, details about the meeting, and a list of current members--over 40 leading companies and organizations from around the world--are provided below. We welcome and invite your participation. Please also feel free to forward this message to others you feel might be interested. If I can answer any questions you may have or assist in any way, please don't hesitate to contact me directly. Thank you for your attention and kind consideration. On behalf of the International Steering Committee, we look forward to discussing XBRL with you, and to the possibility of working with your organization to define the future of e-business reporting. Thanks again. Regards, Zack Coffin XBRL Liaison Chair www.xbrl.org Zachary Coffin KPMG XBRL Lead 355 South Grand Avenue, Suite 2000 Los Angeles, CA 90071-1568 Tel: (213) 955-8508 - Fax: (213) 630-5196 Email: zcoffin@kpmg.com http://www.KPMGConsulting.com --------------------- XBRL Symposium: Liaison & Outreach Thursday, May 25, 2000 * 8:00 AM - Noon EST Tyson's Corner, VA, U.S.A. (20 minutes from Washington, DC) "United Effort brings Financial, Software, e-Business, Accounting, Government, and Investor Information Communities Together." Organizations interested in learning more about XBRL with the possibility of joining the Steering Committee and/or establishing a formal liaison relationship, are invited to attend an important seminar on May 25th. XBRL (Extensible Business Reporting Language) is a new XML-based standard for financial information, reporting and analysis that has been jointly developed by over 40 leading companies and organizations around the world. This "Liaison Open House" will provide an overview of XBRL,, its methodology and future, and the benefits and ultimate ROI to organizations participating in its adoption. POSITION YOUR COMPANY TO SUCCEED "Every company and organization, in every industry, in every country, will be able to use XBRL to improve its business reporting and analysis." XBRL has the potential to revolutionize the communication of financial reporting. This symposium looks at the impact of XBRL on the financial reporting industry and its users, and is addressed specifically to decision-makers in your organization. WHO SHOULD ATTEND? The appropriate decision-maker within your company or organization. CFOs, CIOs; CTOs; Controllers; Vice Presidents of Finance, Marketing, Strategy Planning, Investor Relations, Financial Research, or Information Technology; Marketing and product development executives; Directors of Finance or other senior-level accounting and financial executives (CPAs; CFMs; CMAs); audit, tax and consulting partners; business development managers; and other e-business/technology leaders, strategists and evangelists in your organization. LOCATION: KPMG Tower, 1676 International Drive, McLean, VA (Tyson's Corner) 22102 Room 12209-Client Conference Suite E. (<http://maps.yahoo.com/py/maps.py?Pyt=Tmap&addr=1676+International+Dr.&csz= McLean%2C+Va++22102&Get%A0Map=Get+Map>) DATE/TIME: Thursday, May 25, 2000 at 8:00 AM EST - Noon EST COST: This seminar is free. REGISTRATION: REQUIRED. There is limited seating; kindly reserve your place ASAP. To register, please e-mail Zachary Coffin, XBRL Liaison Chair, at zcoffin@kpmg.com <mailto:zcoffin@kpmg.com> with your name, title, company, email and telephone number. For more information about XBRL before the conference, please visit our web site at www.xbrl.org <http://www.xbrl.org>. AGENDA - May 25th XBRL Symposium 8:00 - 8:30 Breakfast and Sign-In 8:30 - 8:40 Welcome and Introduction 8:40 - 9:30 Overview XBRL is an open specification for the exchange of financial reporting information. Financial statements created in XBRL can make investor communication more effective and make financial comparison and aggregation and analysis more efficient. The scope of the XBRL open specification today encompasses US financial reporting but is flexible enough to improve the transparency and usability of financial information everywhere. In this presentation we will describe how the current members of the XBRL steering committee have worked together to produce a multi-layered XML-based specification that is comprehensive, substantive, flexible and powerful. We will also discuss the future evolution of the technology, the organization, how it relates to other computing standards, and potential applications. 9:30 - 9:45 Demo 9:45 - 10:15 Domain Group Taxonomy Discuss the concept of an accounting taxonomy. They will also discuss the framework for creating taxonomies by industry and by country. * Discuss their experiences creating the first taxonomy, which was created for US GAAP commercial and industrial companies. * Demonstrate how this initial taxonomy is extended for the reporting requirements of an individual company. * Discuss how this initial taxonomy will differ from the next taxonomy being created for other countries. * * 10:15 - 10:30 * Break * * 10:30 - 10:45 * Demo * * 10:45 - 11:15 * Adoption Strategy and ROI * XBRL (Extensible Business Reporting Language)- * reduces costs * enables new tools for reporting and analysis * strengthens investor relations, and * provides greater revenue opportunities for the entire financial reporting supply chain We will present multiple cases describing the short-term return on investment of implementing XBRL, as well as several future-state scenarios based on XBRL's adoption strategy with other internet movements, across industry sectors, internationally, and along the information supply chain, from companies and e-marketplaces to intermediaries and aggregators to end-users, analysts and investors. 11:15 - Noon Panel Discussion and Q&A. XBRL Steering Committee Members (as of May 14, 2000) Investors and Investor Services: US Advisor Bridge News Edgar-Online Fidelity Investments Morgan Stanley Dean Witter Reuters Standard and Poor's Professional services: Arthur Andersen Cohen Computer Consulting Crowe Chizek Deloitte & Touche ePartners Ernst & Young First Light Communications, Inc. Grant Thornton IBM KPMG and KPMG Consulting PricewaterhouseCoopers Woodburn Group Technology enablers: ACCPAC ACL Best Software Caseware E-Content (Interleaf) eLedger Epicor Financial Software Group SA FRx Great Plains Hyperion Lawson Microsoft Navision NII Enterprise Promotion Association (CommerceNet Taiwan) Oinke, Inc. Oracle Corp. Sage SAP Accounting Organizations: Australia (ICAA, CPA Australia) Canada (CICA) International (IASC) U.K. (ICAEW) U.S. (AICPA, IMA) Formal Liaisons: Financial Executives Institute Federal Accounting Standards Board (U.S.) Directions to the KPMG Tower >From 495 · Take exit 11B · After exiting, stay in the right hand lane and turn right at TYSONS BLVD. (sign shows "To Westpark") · TYSONS BLVD. dead ends into INTERNATIONAL DR. · Turn LEFT at the light and take the first RIGHT into 1676 INTERNATIONAL DR. >From 66 · Exit onto DULLES TOLL RD. (SR-267) · Take exit for 123 EAST to TYSONS CORNER · After passing 495, turn right at TYSONS BLVD. (sign shows "To Westpark") · TYSONS BLVD. dead ends into INTERNATIONAL DRIVE. · Turn LEFT at the light and take the first RIGHT into 1676 INTERNATIONAL DR. >From Dulles Airport · Take the DULLES TOLL RD. (SR-267) EAST. · Take exit for 123 EAST to TYSONS CORNER · After passing 495, turn right at TYSONS BLVD. (sign shows "To Westpark") · TYSONS BLVD. dead ends into INTERNATIONAL DR. · Turn LEFT at the light and take the first RIGHT into 1676 INTERNATIONAL DR. >From Reagan National Airport · Follow signs for the GEORGE WASHINGTON MEMORIAL PKWY. · Merge onto GEORGE WASHINGTON MEMORIAL PKWY. · Take the VA-123/CHAIN BRIDGE exit towards MCLEAN. · Turn RIGHT at TYSONS BLVD. (sign shows "To Westpark") · TYSONS BLVD. dead ends into INTERNATIONAL DR. · Turn LEFT at the light and take the first RIGHT into 1676 INTERNATIONAL DR. About Tysons Corner FYI, within a five mile radius... HOTELS * Best Western Hotel (703-734-2800) 8401 Westpark Drive, McLean, VA 22102 * Comfort Inn (703-448-8020) 1587 Springhill Road, Vienna, VA 22182 * Embassy Suites Hotel (703-883-0707) 8517 Leesburg Pike, Vienna, VA 22182 * Holiday Inn (703-893-2100) 1960 Chain Bridge Road, McLean, VA 22102 * Marriott Hotel (703-734-3200) 8028 Leesburg Pike, Vienna, VA 22182 * McLean Hilton (703-847-5000) 7920 Jones Branch Drive, McLean, VA 22102 * Sheraton Premiere (703-448-1234) 8661 Leesburg Pike, Vienna, VA 22182 * The Ritz-Carlton (703-506-4300) 1700 Tysons Boulevard, McLean, VA 22102 RESTAURANTS * America, Tysons Corner Center * Baja Southwestern Grill & Bar, Tysons Corner Center * Burger King, Tysons Corner Center * Cäafe Häagen-Dazs, Tysons Corner Center * Cafe Nordstrom, Tysons Corner Center * California Pizza Kitchen, Tysons Corner Center * Everything Yogurt Cafe/Bananas, Tysons Corner Center * Frank & Stein, Tysons Corner Center * La Madeleine, Tysons Corner Center * Luciano's Restaurant & Pizzeria, Tysons Corner Center * McDonald's, Tysons Corner Center * Panda Express, Tysons Corner Center * Rainforest Cafe, Tysons Corner Center * Sbarro, Tysons Corner Center * Slade's American Grill, Tysons Corner Center * Steak Escape, Tysons Corner Center * Sushi Corner, Tysons Corner Center * Vie de France Bakery & Cafe, Tysons Corner Center * Hunan Lion Express, Galleria at Tysons II * Legal Seafood, Galleria at Tysons II * Maggiano's, Galleria at Tysons II * PF Changs, Galleria at Tysons II * Ruby Tuesday's, Galleria at Tysons II * American Cafe (703-848-9476) 8601 Westwood Center Drive, Vienna, VA 22182 * Bennigan's (703-556-9417) 8219 Leesburg Pike, Vienna, VA 22182 * Boston Market (703-848-9700) 1408 Chain Bridge Road, McLean, VA 22102 * Burger King (703-356-9736) 1820 International Drive, McLean, VA 22102 * Café Renee (703-827-2233) 8250 Greensboro Dr., McLean, VA 22102 * Clyde's of Tysons Corner (703-734-1900) 8332 Leesburg Pike, Vienna, VA 22182 * Fedora Cafe (703-556-0100) 8521 Leesburg Pike, Vienna, VA 22182 * McDonald's (703-893-9499) 2089 Chain Bridge Road, Vienna, VA 22102 * Morton's of Chicago (703-883-0800) 8075 Leesburg Pike, Vienna, VA 22182 * Olive Garden (703-893-3175) 8133 Leesburg Pike, McLean, VA 22102 * Primi Piatti Ristorante (703-893-0300) 8045 Leesburg Pike, Vienna, VA 22182 * Roy Rogers (703-893-3379) 8111 Leesburg Pike, Tysons Corner, 22102 * Sam & Harry's (703-448-0088) 8240 Leesburg Pike, Vienna, VA 22102 * Silver Diner (703-821-5666) 8101 Fletcher Lane, McLean, VA 22102 * The Atrium Cafe (703-442-9232) 8280 Greensboro Drive, McLean, VA 22102 ***************************************************************************** The information in this email is confidential and may be legally privileged. It is intended solely for the addressee. Access to this email by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. When addressed to our clients any opinions or advice contained in this email are subject to the terms and conditions expressed in the governing KPMG client engagement letter. *****************************************************************************
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