Proposed Interim Release 2 to the IFRS Taxonomy 2014 published for public comment
22 August 2014
The IFRS Foundation has published today for public comment the Proposed Interim Release 2 to the IFRS Taxonomy 2014.
IFRS Taxonomy interim releases contain additional taxonomy concepts that reflect new Standards and improvements to Standards issued by the IASB, thereby allowing entities wishing to report electronically using the latest Standards to do so without the need for these entities to create their own taxonomy concepts. They may also contain technical updates, new common practice elements or general taxonomy improvements.
The Proposed Interim Release 2 incorporates the IFRS Taxonomy elements for:
- IFRS 15 Revenue from Contracts with Customers; and
- Common Practice (transport and pharmaceuticals).
For XBRL files, the IFRS Taxonomy Illustrated, versioning reports, element definitions in Excel and other supporting materials, click here.
Accompanying this release is a new IFRS Taxonomy Guide: Guide to Understanding the IFRS Taxonomy Update. This guide provides an overview of the content of the IFRS Taxonomy and explains the related terminology used. A summary reference sheet of the terms described within this guide is also available.
Comment letter deadline
The Proposed Interim Release 2 comment period ended Monday 20 October 2014.
Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.
View the Comment letters for IFRS 15 Revenue from Contracts with Customers.
View the Comment letters for Common Practice (transport and pharmaceuticals)