Chapter 6Current State of XBRLIFRS TaxonomyDiscoverable Taxonomy SetExtension TaxonomiesValidation of XBRL vs xml

Current State of XBRL

Who Must FileAll companies are now required

to file using XBRLForeign Private Issuers are

required to file using IFRS taxonomy

Automating XBRL PreparationFujitsu

◦Xwand Taxonomy Creation Instance Document Creation Excel Mapping

Rivet◦Crossfire & CrossView

CoreFiling◦Sphinx

EDGAROnline◦ I-Metrix

XBRL IFRS

IFRS Instance DocumentSame structure as XBRLUses different taxonomy

1. Root element / namespace declarations

2. SchemaRef3. Context4. Unit5. Items

IFRS Taxonomy2011 Taxonomy Issued March 25,

2011Compared to US GAAP, ~ 4000

elements vs. 15,000Documentation is not included in

IFRS (as it is NOT rule based).◦Instead disclosures and example

references are included

Illustrations of IFRS XBRLiXBRL (next week)XBRL IFRS

<?xml version="1.0" encoding="utf-8"?><!-- XBRL instance shell - Skip White December 2010 --><!-- File name: XBRLInstanceShell2010.xml --><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns: _____1_________ > <link:schemaRef xlink:type="simple" xlink:href= _____2_________ /> <xbrli:context id= _____3_________ >

<xbrli:entity> <xbrli:identifier scheme= _____4_________ > _____5_________ </xbrli:identifier>

</xbrli:entity><xbrli:period>

<xbrli:instant> _____6_________ </xbrli:instant></xbrli:period>

</xbrli:context><xbrli:unit id= _____7_________ >

<xbrli:measure> _____8_________ </xbrli:measure></xbrli:unit><!-- Insert the XBRL items (facts) below --> </xbrli:xbrl>

Discoverable Taxonomy Set(DTS)

DTS – What must be filed with SECContains:

◦ Instance Document◦Extension Taxonomy◦Linkbases

Calculation Definition Labels Presentation

◦All Imported SchemasFilename Format

◦ Identifier-yyyymmdd for instance and schema◦ Identifier_yyyymmdd_cal or _def or _lab or _pre

Extension Taxonomy

Structure of SEC Extension TaxonomySchema Root Element,

namespace declarationsannotation/appinfo

◦link:linkbaseRef Links all the linkbases to the schema

document

◦link:roleType Links each statement and disclosure to

the linkbases

link:linkbaseRef (International Speedway Corp 10Q) <link:linkbaseRef xlink:type="simple" xlink:href="isca-

20110531_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Calculation Links, all"/>

<link:linkbaseRef xlink:type="simple" xlink:href="isca-20110531_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links, all"/>

<link:linkbaseRef xlink:type="simple" xlink:href="isca-20110531_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links, all"/>

<link:linkbaseRef xlink:type="simple" xlink:href="isca-20110531_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links, all"/>

link:roleType (International Speedway Corp 10Q)<link:roleType

roleURI="http://internationalspeedwaycorporation.com/role/BalanceSheetsParenthetical" id="BalanceSheetsParenthetical">

<link:definition>0111 - Statement - Consolidated Balance Sheets (Unaudited) (Parenthetical)</link:definition>

<link:usedOn>link:presentationLink</link:usedOn>

<link:usedOn>link:calculationLink</link:usedOn>

<link:usedOn>link:definitionLink</link:usedOn>

</link:roleType>

Extension Element (International Speedway 10Q) <element

id="isca_PrepaidExpensesAndOtherCurrentAssets" name="PrepaidExpensesAndOtherCurrentAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" xbrli:balance="debit"/>

XBRL Validation

XBRL Validation LevelsPhase I

◦xml validation (NOT XBRL) Schema validation – does the xml match the

schema structure?

Phase II◦Validates XBRL semantics in DTS

Requires specialized software ($’s)

Phase III◦Validates XBRL based on reporting rules◦SEC XBRL filing requirements

Requires specialized software ($’s)