IFRS

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IFRS Webinar Examines Comparability

The International Financial Reporting Standards (IFRS) Foundation has published a webinar on improving the comparability of international financial reporting. Standards aim to promote accountability, transparency and efficiency in financial markets around the world – and one key way they do that is through facilitating the comparison of reports. Comparable financial reporting leads to better analysis […]

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IFRS Taxonomy 2019 Published

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On 27 March the IFRS Foundation published the IFRS Taxonomy 2019 files. The new taxonomy includes a general improvement update and an update to common practice.

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IFRS Modernise Materiality

By Editor

This week the IFRS published a feature reflecting on the changes they have made to the concept of materiality in light of the IASB’s recent finalised revised definition of ‘material’. At the crux of business disclosure is the question: what gets reported? For preparers, too much irrelevant information can be a burden, whereas for investors, more […]

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EC and Inline XBRL

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Right at the end of 2018 the European Commission endorsed the technical standards (RTS) requiring Inline XBRL filings for IFRS annual reports for public companies from 2020.

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Green Light for EU public company digital reports!

By Editor

Just in time for the end of the year, the European Commission this week endorsed technical standards requiring Inline XBRL filings for IFRS annual reports for public companies. The RTS that has been transmitted to the European Council and European Parliament includes a complete translation of the IFRS taxonomy into all 23 official languages used […]

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IFRS Taxonomy Update.

By Editor

The IFRS Foundation published a Proposed IFRS Taxonomy Update yesterday. This proposed update includes a number of suggested changes to the IFRS Taxonomy 2018, to improve the quality of data reported using the IFRS Taxonomy and to make it easier to access and use. This is a consultation draft: issuers, users, data providers, regulators and accounting professionals should consider providing feedback to the IFRS team. You’ve got 60 days to do so, through 4 February 2019.

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IFRS Taxonomy Consultative Group Calls for Members

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The IFRS Foundation is seeking candidates to join the IFRS Taxonomy Consultative Group from 1 April 2019. The IFRS Taxonomy Consultative Group contributes to the development of the IFRS Taxonomy by providing regular input on taxonomy related issues. Members are drawn from a variety of business and geographical backgrounds. The Board is keen to appoint […]

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IFRS Releases 2018 Taxonomy Business Rules

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The IFRS Foundation’s set of Taxonomy business rules for 2018 is also now available to download. It can be used with software tools supporting XBRL Formula. The release is accompanying material to the IFRS Taxonomy 2018 and has been updated from the 2017 version to reflect changes in the IFRS Taxonomy content. The business rules can […]

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Investors Tell the FASB: Segment Disclosures Need Improving

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A recent Chartered Financial Analyst (CFA) Institute survey indicates that segmented reporting information is critical to investors, yet disclosures need improving dramatically. Recent exchanges between investors and tech giants such as Amazon and Alphabet (aka Google) show the struggle: Amazon and Alphabet cloak the performance of important sections of their business such as Alexa, Amazon […]

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Turkish labels for IFRS 2017 Taxonomy

By Editor

The IFRS Foundation has announced that Turkish labels are now available for the IFRS 2017 taxonomy. To provide further support to Turkish-speaking audiences, the IFRS Foundation team also prepared a Turkish version of IFRS Taxonomy Illustrated or ITI. As a quick reminder, the ITI presents a simplified view of the IFRS Taxonomy in an unstructured […]

Items tagged with "IFRS"

IFRS Webinar Examines Comparability

IFRS Taxonomy 2019 Published

IFRS Modernise Materiality

EC and Inline XBRL

Green Light for EU public company digital reports!

IFRS Taxonomy Update.

IFRS Taxonomy Consultative Group Calls for Members

IFRS Releases 2018 Taxonomy Business Rules

Investors Tell the FASB: Segment Disclosures Need Improving

Turkish labels for IFRS 2017 Taxonomy

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