The European Securities and Markets Authority (ESMA) has published an update of its European Single Electronic Format (ESEF) Reporting Manual including expanded guidance on common issues encountered when generating XBRL documents in line with ESEF regulation. The manual is aimed at all market participants implementing ESEF, and should be particularly helpful for those preparing IFRS […]
Filing rules are specific technical requirements, including descriptions of limitations of filing system. They are needed to ensure that XBRL and iXBRL reports are accepted by data collection systems used by regulators, exchanges and data aggregators. Each reporting programme defines a list of filing rules addressing more or less the same categories of rules. The Filing Manual Task Force, […]
Want to get involved with the Taxonomy Architecture Guidance Task Force (TAGTF)? The TAGTF will be holding their next face-to-face meeting at the Eurofiling event in Frankfurt in June, the perfect opportunity for newcomers to observe the group in action. During the meeting the group will be planning guidance for their latest topic, “How to indicate that […]
Labels are an essential part of an XBRL taxonomy, providing human-readable descriptions of the tags that it defines. XBRL provides a very flexible and powerful mechanism for defining labels, supporting labels of different types and in different languages. In order to help taxonomy creators define labels in a clear and consistent manner, the XBRL […]
To help with analysis and comparability XBRL International has published draft guidance on Entity Specific Disclosures — disclosures made in a company’s financial statements that are specific to that entity.
One of the key outcomes expected from a digital reporting program is enhanced data quality. Business rules are key to ensuring that the data collected meets expected quality levels. XBRL provides a number of ways in which business rules can be implemented. The Best Practices Board’s Implementation Guidance Task Force has published guidance on assessing different alternatives to […]
Taxonomy is at the heart of an XBRL program, publishing taxonomies for stakeholder consumption needs to be given a careful thought. Guidance note now is available for taxonomy owners. The Best Practices Board’s Implementation Guidance Task Force have come-up with guidance for the right way of publishing a taxonomy and business-friendly explanation of Taxonomy Packages […]
Designing reports that reference a number of organisations can be be challenging. Help is to hand for XBRL taxonomy authors in a new Guidance Note.
Our view is that minimising constraints within filing manuals and maximising the use of taxonomies for standardising the filing process leads to enhanced interoperability. What’s yours?
XII’s Best Practices Board is examining and classifying filing rules on a global basis to produce guidance and standardisation.