Calculations 2.0 Requirements Published

Posted on February 8, 2019 by Editor

IASB to Review Goodwill

Calculations 2.0 aims to improve XBRL 2.1’s calculation functionality to better cover the calculations usually required in a financial report and to address the issue of calculation inconsistencies that arise when reports feature incomplete data sets.

Calculation relationships are useful for validating facts and signalling inconsistencies in an XBRL report. They are also used to model mathematical relationships between concepts in a reporting taxonomy. However, in practice, the modelling and validation uses of calculation relationships are often in conflict. This document sets out the requirements for an expansion of the current calculation features of XBRL to improve the feature and solve current conflicts.

Requirements for Calculations 2.0 can be viewed here.

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