The proposed changes aim to improve the quality of tagged data and to make the IFRS Accounting Taxonomy easier to use.
The proposed changes include:
a change in the practice for deprecation of elements;
new common practice elements for antidilutive instruments, other comprehensive income, property, plant and equipment including right-of use assets and for reconciliation of the denominator used in calculating basic and diluted earnings per share;
deprecation of a duplicate element for right-of-use assets; and
replacing of broad text block elements with abstract elements and amended labels of other text block elements to clarify their intended use.
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