Proposed Interim Release 2 to the IFRS Taxonomy 2014 published for public comment

22 August 2014

The IFRS Foundation has published today for public comment the Proposed Interim Release 2 to the IFRS Taxonomy 2014.

IFRS Taxonomy interim releases contain additional taxonomy concepts that reflect new Standards and improvements to Standards issued by the IASB, thereby allowing entities wishing to report electronically using the latest Standards to do so without the need for these entities to create their own taxonomy concepts. They may also contain technical updates, new common practice elements or general taxonomy improvements.

The Proposed Interim Release 2 incorporates the IFRS Taxonomy elements for:

IFRS 15 Revenue from Contracts with Customers; and
Common Practice (transport and pharmaceuticals).

For XBRL files, the IFRS Taxonomy Illustrated, versioning reports, element definitions in Excel and other supporting materials, click here.

Accompanying this release is a new IFRS Taxonomy Guide: Guide to Understanding the IFRS Taxonomy Update. This guide provides an overview of the content of the IFRS Taxonomy and explains the related terminology used. A summary reference sheet of the terms described within this guide is also available.

Comment letter deadline

The Proposed Interim Release 2 is open for comments until Monday 20 October 2014.

All comment letters should be submitted via the online upload page below. Please refrain from sending comment letters to IASB or IFRS Foundation individuals as this risks duplication and may cause delays in the posting of letters onto the ifrs.org website. Board and staff members have access to all comment letters submitted via the online upload page. You must be a registered eIFRS user to submit a comment letter. Registration is free, and you can register here (registration is free).

Submit a comment letter for the Proposed Interim Release 2 for the IFRS Taxonomy 2014: IFRS 15 Revenue from Contracts with Customers

Submit a comment letter for the Proposed Interim Release 2 for the IFRS Taxonomy 2014: Common Practice (transport and pharmaceuticals)

Please note: when submitting a comment letter or when communicating with the IFRS Foundation, the IASB or any of its constituent bodies, you acknowledge and accept the IFRS Foundation Written Communication policy which details how we use and process your data.

View the Comment letters for IFRS 15 Revenue from Contracts with Customers.

View the Comment letters for Common Practice (transport and pharmaceuticals)

IFRS 15 Revenue from Contracts with Customers [PDF]

Common Practice [PDF]