XBRL Exercise Instructions

XBRL Exercise Instructions - statement footnotes as text...

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XBRL In-Class Exercise – Instance Document Creation This exercise will give us a feel for creating an instance document by mapping the U.S. GAAP XBRL taxonomy to a firm’s financial statements. Instructions: 1. Go to the SEC Edgar system and search for the most recent 10-Q of Best Buy, Inc. to view a live XBRL instance document. http://www.sec.gov/Archives/edgar/ data/764478/000110465909058298/0001104659-09-058298-index.htm a. The first thing you will see is the presentation of the financial statement information. View the Balance Sheet. Then, return to the contents page. b. If you scroll down to the bottom, you will see the package that Best Buy submitted to file the 10-Q in XBRL with the SEC. Included are the instance document, the schema used, and other data files. c. Click on the XML data file to see the underlying source of the financial statement presentation you view on the screen. Scroll to the bottom to see the financial statement items. At this initial stage, companies submit the financial
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Unformatted text preview: statement footnotes as text blocks. This will change in the near future. Even the footnotes will need to have separate mapping elements in future filings. d. Click on the schema data. Here you will see the taxonomy that the company uses plus any extensions or changes to the taxonomy made by Best Buy. 2. Visit the following URL: http://xbrl.us/taxonomies/Pages/US-GAAP2009.aspx . This is where we will reference the taxonomy element names in the exercise. 3. Using the template on the next page and the US Taxonomy website, map the line items to the XBRL Name and Namespace. Partial Financial Statement Element Name Jim's Sporting Goods, Inc. Statement of Financial Position (in thousands) 30-Nov-08 ASSETS Current Assets: Cash, cash equivalents & short-term investments 41,646 $ Current receivables, net 85,872 Inventory, net 1,142,233 Prepaid expenses 45,579 Current deferred costs 18,360 Total current assets 1,333,690 $ What will be the namespace?...
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XBRL Exercise Instructions - statement footnotes as text...

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