The Netherlands SBR Program has published the first beta version (9.0.b.1) the 2015 SBR Taxonomy 2015. Along with the addition of inheritance tax declarations, a highlight of the new taxonomy is a simplification of the interface for filing statistical information. The SBR effort in the Netherlands continues to show the way forward in terms of cross […]
Following a two year testing period, an extension of the Italian GAAP Taxonomy to include Notes to financial statements has been completed. The initial version of the taxonomy will only cover information explicitly provided for in the Civil Code, with further integration with national accounting standards to come. The tagging of notes will come into effect […]
XBRL International has released its first “XBRL Taxonomy Guidance Document”, which links specific reporting goals to architecture design options and observed good practices.
The Brazilian Treasury (Secretaria do Tesouro Nacional) has released a preliminary version of their basic taxonomy for the Public Sector Accounting and Fiscal Information System (SICONFI) project, including the Statement of Annual Accounts, composed of entries for the Balance Sheet, Budgetary Revenues, Budgetary Expenditures, Expenses by Function, Payables and Changes in Equity. The taxonomy is viewable here. (Portuguese)
A new XBRL US Working Group covering the Construction, Energy and Transportation (CET) industries, is working on the untapped potential for XBRL’s use in the private sector. The working group will spearhead the extension of the US GAAP Taxonomy to cover the processing of surety bonds, which provide financial guarantees to a project’s owner that […]
Revised taxonomies that meet the needs of changed regulations under EU-adopted IFRS and the new FRS 101 and FRS 102 standards are “an important step in making corporate reports more transparent and accessible to investors” according to Melanie McLaren, Executive Director Codes and Standards at the UK Financial Reporting Council (FRC). HM Revenue & Customs (HMRC) and Companies […]
GRI, in collaboration with Deloitte, is working on the GRI Taxonomy update, which will also include the Financial Services Sector Disclosures. GRI is now calling for sustainability reporting experts from the financial services sector that are familiar with GRI G4 Guidelines to provide their comments on the draft taxonomy. Learn more.
The IFRS Foundation has published the Proposed Interim Release 2 to the IFRS Taxonomy 2014 for public comment, along with the accompanying IFRS Taxonomy Guide explaining related terminology.
What is an XBRL taxonomy? XBRL taxonomies are dictionaries for reporting. They provide digital definitions for business concepts and make digital reporting possible. Digital reports work by ‘tagging’ each reported fact so that it can be identified by computer software. For example, the tag “ProfitLoss” might be used for net earnings, and “EnergyConsumed” could indicate […]
Goal: To Reduce Costs and Enable Straight Through Processing On A Global Scale The XBRL International Standards Board (XSB) has issued a call to financial regulators and listed company filers to form a global “Corporate Actions Working Group” to define XBRL taxonomies for standardizing the transmission and consumption of corporate actions events allowing straight through […]
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