Exposure draft IFRS Taxonomy 2010

On 19 February, the IASC Foundation published for public comment an exposure draft of the IFRS Taxonomy 2010. The proposed taxonomy is consistent with IFRSs and the IFRS for Small and Medium-sized Entities (SMEs). The IFRS Taxonomy 2010 is the XBRL representation of IFRSs, including IASs and Interpreations, 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 The IFRS Taxonomy 2010 Architecture Draft published on 8 December 2009, which documents in detail the XBRL architecture of the proposed taxonomy. The proposed taxonomy contains significant architectural improvements when compared with the 2009 version; in particular the proposed architecture integrates IFRSs and the IFRS for SMEs into a single taxonomy

Overview of the related documents
The IASC Foundation is pleased to provide a comprehensive package of documents to facilitate the review of the exposure draft IFRS Taxonomy 2010. Below is an outline of the release documents. • Review documentation PDF - this document contains an overview of the development of the exposure draft IFRS Taxonomy 2010. It includes a complete list of the improvements implemented in the exposure draft IFRS Taxonomy 2010, from the IFRS Taxonomy 2009, and questions to facilitate the review of the exposure draft. Taxonomy - this contains the exposure draft IFRS Taxonomy 2010 files. Note: the reference linkbases in these files contain links to the eIFRS.1 ○  full_entry_point.xsd - this file is the entry point schema for the IFRSs. ○  smes_entry_point.xsd - this file is the entry point schema for the IFRS for SMEs. ○  combined_entry_point.xsd - this file is the combined entry point schema that should be used to import all files available for the IFRS Taxonomy 2010 (ie the IFRSs and the IFRS for SMEs  Samples - this contains sample XBRL instance documents and an iXBRL (Inline XBRL)† document, for the exposure draft IFRS Taxonomy 2010.  Deprecated - this contains redundant (deprecated) concepts. The exposure draft IFRS Taxonomy 2010 provides a core schema which contains concepts that are currently in effect, and a deprecated schema which contains redundant concepts (and labels) from the IFRS Taxonomy 2009 which are no longer in effect and which have therefore been deprecated. Deprecated labels and date label roles are used to provide information about the deprecated concepts. The IFRS Taxonomy Illustrated (ITI) - The ITI presents a simplified view of the IFRS Taxonomy in an easy to read, visual format. The ITI sets out the hierarchy of the IFRS Taxonomy and the elements within it (which represent IFRS disclosure requirements), the required 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 exposure draft IFRS Taxonomy 2010, The ITI has been made available in three versions: ○  ITI IFRS for SMEs - this is the illustration of the IFRS for SMEs (excluding all other IFRSs) organised according to financial statements.

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 ITI IFRS by Financial Statements - this is the illustration of the IFRSs (excluding the IFRS for SMEs) organised according to financial statements. ○  ITI IFRS by IFRSs - this is the illustration of the IFRSs (excluding the IFRS for SMEs) organised by IFRSs. xIFRS (XBRL in eIFRS) - eIFRS subscribers can access xIFRS, a new tool developed by the IASC Foundation to support viewing and understanding of the IFRS Taxonomy. xIFRS presents a view of eIFRS with embedded XBRL and is available for both ○  the IFRSs (please click here). ○  the IFRS for SMEs (please click here). ○

Note: this version of the xIFRS reflects IFRSs and IASs as presented in the exposure draft IFRS Taxonomy 2010. The xIFRS is based on the eIFRS.2

Comment letter deadline
The exposure draft is open for comment until 22 April 2010. All comment letters received will be published below, unless otherwise requested by respondents.

How to submit a Comment Letter
1. Go to the Comment Letters page using the link on the upper left-hand side of this window. 2. Click the Submit Comment Letter button. 3. Log on using your subscription to eIFRS. If you do not have a subscription, and have not previously registered, you will be required to register. Registration is free and only takes 5 minutes. 4. Click the Continue button. 5. Locate your comment letter on your computer using the Browse button and click the Upload button when done. 6. Click the Continue button. Source: http://www.iasb.org/XBRL/IFRS+Taxonomy/IFRS+Taxonomy+2010/Exposure+draft+IFRS+Tax onomy+2010.htm

1 eIFRS is based on the content of the last published consolidated text of the IASB’s authoritative pronouncements (ie the 2009 IFRS Bound Volume). However the majority of these links continue to represent valid disclosure requirements and therefore remain a useful resource for the purposes of reviewing the exposure draft IFRS Taxonomy 2010. An updated version of eIFRS - and subsequently xIFRS - will be released once the 2010 IFRS Bound Volume is published. 2 iXBRL (Inline XBRL) is a standard for embedding XBRL fragments into an XHTML document. It is currently being developed by XBRL International. The objective is to provide documents which can be viewed in a browser while making use of XBRL tags which can be processed automatically by consuming applications. Further information about iXBRL is available on the XBRL International website.