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Your quick start guide for taxonomy development

Posted on January 25, 2025 by Editor

Taxonomy development can feel like a daunting task, but it doesn’t have to be. Last week, the team at XBRL International hosted a 30-minute webinar to share practical insights and guidance on getting it right.

Designed for taxonomy owners, architects, and authors, the session walked the audience through the essential steps to build robust taxonomies that deliver meaningful results.

The webinar tackled the building blocks of taxonomy development, from defining clear objectives to structuring collaboration across teams. Attendees gained insights into the roles that make or break a project, with discussions on aligning business requirements, technical expertise, and governance. We also examined practical considerations like data structuring, validation rules, and lifecycle management—elements that ensure a taxonomy remains not only functional but future-proof.

The session was enriched by the contributions of Björn Fastabend, Javier Fernandez Rubio, and Catalina Ibañez, whose collective expertise brought clarity and actionable advice to the table. Their guidance offered attendees a framework to approach taxonomy development with confidence and precision.

For those who couldn’t join us, the XBRL Taxonomy Quick Start Guide  is available. Explore the guide and take the next step toward building better taxonomies here.

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