Global Standards for the world economy

Thursday 30 March 2017

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Electronic reporting (taxonomy)

Project news


Date News
16 March 2017
IFRS Taxonomy 2016 Labels published in Turkish
 9 March 2017
IFRS Foundation publishes the IFRS Taxonomy 2017
19 December 2016 IFRS Taxonomy 2016 Labels published in Japanese
19 December 2016   IFRS Taxonomy 2016 Labels published in Ukrainian 
15 December 2016   IFRS Foundation publishes the Proposed IFRS Taxonomy Update to the IFRS Taxonomy 2016—Common Practice  
8 December 2016
IFRS Taxonomy 2016 updated for Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
7 November 2016 Implementation of the Taxonomy Packages 1.0 specification
20 October 2016 
Enhanced IFRS Taxonomy Illustrated 2016 in HTML  
12 September 2016 
The International Accounting Standards Board publishes Proposed Taxonomy Update for Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4)
25 August 2016 IFRS Foundation develops Guide to Common Practice Content
30 June 2016 Speech by Hans Hoogervorst: ‘Better Communication’
23 June 2016 IFRS Foundation revises the Due Process Handbook to incorporate the IFRS Taxonomy
9 June 2016 The Formula Linkbase 2016 is now available to download
28 April 2016 IFRS Taxonomy 2016 updated for Disclosure Initiative (Amendments to IAS 7)
31 March 2016 IFRS Foundation publishes the IFRS Taxonomy 2016
15 February 2016 IFRS Taxonomy 2015 Labels published in Korean
21 January 2016 IFRS Foundation publishes proposed Taxonomy Update for IFRS 16 Leases
6 January 2016 IFRS Taxonomy 2015 Labels published in Hungarian
16 December 2015 IFRS Taxonomy 2015 Labels published in Japanese
8 December 2015 IFRS Foundation publishes Taxonomy Update for Common Practice
1 December 2015 IFRS Taxonomy 2015 updated for 2015 Amendments to the IFRS for SMEs
4 August 2015 IFRS Foundation publishes proposed Taxonomy Update for Common Practice
17 June 2015 IFRS Foundation publishes proposed Taxonomy Update for IFRS for SMEs
20 April 2015 IFRS Foundation publishes IFRS Taxonomy formula 2015
15 April 2015 IFRS Taxonomy 2014 Labels published in Hungarian
1 April 2015 The IFRS Foundation publishes IFRS Taxonomy versioning information in multiple languages
11 March 2015 IFRS Foundation publishes the IFRS taxonomy 2015
6 March 2015 IFRS Taxonomy revised 2014 Labels published in Japanese
23 January 2015 IFRS Taxonomy 2014 Labels published in Korean
8 January 2015 IFRS Taxonomy 2014 Labels published in Japanese 

 

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IFRSs and XBRL

Both IFRSs and XBRL are intended to standardise financial reporting in order to promote transparency and to improve the quality and comparability of business information, therefore the two form a perfect partnership.

The IASB XBRL Team is responsible for developing and maintaining the XBRL representation of the IFRSs, known as the IFRS Taxonomy. The IFRS Taxonomy is used around the world to facilitate the electronic use and exchange of financial data prepared in accordance with IFRSs.

The IASB's XBRL activities include:

  • Taxonomy development - for companies reporting in IFRS, the Foundation publishes tags for each IFRS disclosure. These tags are organised and contained within the IFRS Taxonomy.
  • Support materials - the Foundation produces support materials to facilitate use and understanding of the IFRS Taxonomy.
  • Translations - translations of the IFRS Taxonomy into key languages are provided to support users of IFRSs and the IFRS Taxonomy whose primary language is not English.
  • Global outreach - the Foundation makes a concerted effort to promote the use of XBRL in conjunction with IFRSs around the world. The Foundation also encourages co-operation and communication with users of the IFRS Taxonomy.

About XBRL

XBRL (eXtensible Business Reporting Language) is a digital 'language' that was developed to provide a common, electronic format for business and financial reporting. In XBRL, mark-up tags are used to make business information computer-readable and consumable.

Read more

 

Contact us

IFRS Taxonomy Team 
email: taxonomy@ifrs.org