System so that it now supports the 2018 IFRS Taxonomy. EDGAR Update 18.2 also signals the point at which a range of previous taxonomies are phased out. Companies are encouraged to use the most recent version of taxonomy releases for their XBRL exhibits in order to take advantage of the most up-to-date tags related to […]
The IFRS Foundation is organising a free webinar on 12 July 2018 to introduce the IFRS Taxonomy 2018 and to discuss changes from the IFRS Taxonomy 2017. The webinar will be offered at two different times. The first session is at 9:00 BST. The afternoon session starts at 15:00 BST. More information and registration details on the event […]
Enhancing the quality and accessibility of financial reporting is a core objective of the UK’s Financial Reporting Council, the UK’s audit regulator and financial standards setter. The FRC also has a full time taxonomy team, who look after the UK taxonomies for filing to that country’s tax authority, companies registrar and charities commission. (Public company […]
When people talk of how technology is likely to impact the future, the discussion goes one of two ways. Either down a road of fear that technology will bring with it an end to our freedoms and a loss of our jobs. Or that technology will pave the way for a new world where value […]
축하해요 or Gratulálok – or perhaps just congratulations – might be the words coming the IFRS Foundation’s way as they take their taxonomy further towards truly global applicability. In a move to support both Korean and Hungarian-speaking users of the IFRS Taxonomy, the foundation has now published translations of their taxonomies in both languages. The […]
2017 was a good year for Financial Reporting. Alongside the first truly international accounting standard for insurance contracts (IFRS 17), the foundation has also made substantial progress in improving communication in financial reports, with more regulators requiring the use of the IFRS taxonomy. Now, 144 different jurisdictions and 15 out of the 20 G20 economies […]
Now you can find out. Well, at least for the IFRS’s Conceptual Reporting Framework anyway. Following a reissue of their Conceptual Framework in March this year, the IFRS Foundation has now released a quiz to test your knowledge and understanding. As those who stand a chance of getting it all right will already be aware, […]
The agenda and papers for the next IFRS Taxonomy Consultative Group meeting, to be held on 19 April 2018, have been published. The topics for discussion will include: Principles of Disclosure IFRS Taxonomy—Technology review IFRS Taxonomy implementation support IFRS Taxonomy content—areas for discussion Handling of entity-specific disclosures Common practice analysis—IFRS 13 Fair Value Measurement IFRS Taxonomy […]
With so-called “FPIs”, or firms that raise money on US markets while domiciled elsewhere, now obliged to file IFRS financial statements with the SEC in XBRL or Inline XBRL format, the SEC has provided an updated set of (relatively technical) FAQs. Got questions? The FAQs are here.
The IFRS Foundation is expected to publish today its new Taxonomy for 2018 which includes a number of updates from the IFRS Taxonomy 2017. The 2018 Taxonomy will incorporate the IFRS Update for IFRS 17 Insurance Contracts issued in January 2018. Alongside the 2018 update, the IFRS Foundation will also be publishing further Taxonomy amendments for both Annual […]
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