11 March 2015
The IFRS
Foundation has published the IFRS
Taxonomy 2015. The IFRS Taxonomy is a translation of International
Financial Reporting Standards (IFRS) into eXtensible Business Reporting
Language (XBRL). The IFRS Taxonomy 2015
is consistent with IFRS as issued by the International Accounting Standards
Board (IASB) at 1 January 2015, including Standards published but not yet
effective at that date.
By providing the IFRS Taxonomy, the IFRS Foundation seeks to address the demand
for an electronic standard to represent IFRS information.
The
IFRS Taxonomy 2015 incorporates the Interim Release 1 and
Interim Release 2 published in May and November 2014 respectively.
The
Proposed Interim Release 3 was published in December 2014, and these final changes have been incorporated directly within the IFRS Taxonomy 2015.
The IFRS Foundation has published the IFRS Taxonomy 2015 with a range of accompanying materials that have been specifically developed to aid understanding and use of the IFRS Taxonomy.
The IFRS Taxonomy Team will be holding a webinar session on Tuesday 31 March to answer any questions about the IFRS Taxonomy 2015.
The webinar session will be held at 10am BST and again at 3pm BST.
To register for the 10am BST session on Tuesday 31 March, click here.
To register for the 3pm BST session on Tuesday 31 March, click here.