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 […]
The Taxonomy Architecture Guidance Task Force is seeking public comment on a new resource for the XBRL community – The XBRL Taxonomy Guidance Document. The document gives analysis and guidance on select taxonomy aspects that were chosen to cover a cross section of the challenges that taxonomy architects face, including the architectural choices for filing […]
The XBRL Standards Board and the Base Specification Working Group are pleased to announce the first Public Working Draft of the Taxonomy Packages specification. All draft specification may be fond here: http://specifications.xbrl.org/under-development.html Taxonomy Packages allow taxonomy publishers to include descriptive information within their taxonomies in a standardised format. This information can be used by software to provide […]
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