The IFRS Foundation publishes the IFRS Taxonomy 2016

 31 March 2016

The IFRS® Foundation has today published the IFRS Taxonomy 2016, which is consistent with IFRS® Standards as issued by the International Accounting Standards Board® at 13 January 2016, including Standards published but not yet effective at that date.

The IFRS Taxonomy is a representation of IFRS Standards in eXtensible Business Reporting Language (XBRL) and is the IFRS Foundations's initiative to enable electronic transfer of the information in IFRS financial statements. 

The IFRS Taxonomy 2016 incorporates the Taxonomy Update 1 and Taxonomy Update 2 published in December 2015.

These updates relate to the 2015 Amendments to the IFRS for SMEs® Standard and common practice, respectively. The Proposed Taxonomy Update 3, relating to IFRS 16 Leases was published in January 2016, and the final changes have been incorporated directly within the IFRS Taxonomy 2016.

To access the new IFRS Taxonomy 2016 and its supporting materials, pleaseclick here . These have been specifically developed to aid understanding and use of the IFRS Taxonomy.

Webinar session

The IFRS Taxonomy Team is holding a webinar session on Wednesday 13 April to answer questions about the IFRS Taxonomy 2016.

Register for the morning session webinar at 10am BST.

Register for the afternoon session webinar at 3pm BST.