Exposure draft IFRS Taxonomy 2010
On 19 February, the IASC Foundation published for public comment an exposuredraft of the IFRS Taxonomy 2010. The proposed taxonomy is consistent with IFRSsand the IFRS for Small and Medium-sized Entities (SMEs).
The IFRS Taxonomy 2010 is the
representation of IFRSs, including IASs andInterpreations, as issued at 1 January 2010 and the IFRS for SMEs as issued at 9 July. The exposure draft IFRS Taxonomy 2010 is based on the architecture outlined in
published on 8 December 2009, which documents indetail the XBRL architecture of the proposed taxonomy. The proposed taxonomy contains significant architectural improvements when compared withthe 2009 version; in particular the proposed architecture integrates IFRSs and the IFRS forSMEs into a single taxonomy
Overview of the related documents
The IASC Foundation is pleased to provide a comprehensive package of documents tofacilitate the review of the exposure draft IFRS Taxonomy 2010. Below is an outline of therelease documents.
Review documentation PDF
- this document contains an overview of the developmentof the exposure draft IFRS Taxonomy 2010. It includes a complete list of the improvementsimplemented in the exposure draft IFRS Taxonomy 2010, from the IFRS Taxonomy 2009,and questions to facilitate the review of the exposure draft.
- this contains the exposure draft IFRS Taxonomy 2010 files. Note: thereference linkbases in these files contain links to the
- this file is the entry point schema for the IFRSs.
- this file is the entry point schema for the IFRS forSMEs.
- this file is the combined entry point schema thatshould be used to import all files available for the IFRS Taxonomy 2010 (ie the IFRSsand the IFRS for SMEs
- this contains sample XBRL instance documents and an iXBRL (InlineXBRL)
document, for the exposure draft IFRS Taxonomy 2010.
- this contains redundant (deprecated) concepts. The exposure draft IFRS Taxonomy 2010 provides a core schema which contains concepts that are currently ineffect, and a deprecated schema which contains redundant concepts (and labels) from theIFRS Taxonomy 2009 which are no longer in effect and which have therefore beendeprecated. Deprecated labels and date label roles are used to provide information aboutthe deprecated concepts.
The IFRS Taxonomy Illustrated
presents a simplified view of the IFRS Taxonomy in an easy to read, visual format.
sets out the hierarchy of the IFRS Taxonomy and the elements within it (which represent IFRS disclosure requirements), therequired format of these elements (such as text, monetary values, etc), and the IFRSs(including the IFRS for SMEs) and IASs that these elements relate to. For the exposuredraft IFRS Taxonomy 2010,
has been made available in three versions:
ITI IFRS for SMEs
- this is the illustration of the IFRS for SMEs (excluding allother IFRSs) organised according to financial statements.