The IFRS Foundation has published this years
IFRS taxonomy consistent with all IFRSs issued by the IASB at 1
January 2011.
The IFRS Foundation said the architectural
framework of the 2011 taxonomy is consistent with the architecture
established for the 2010 taxonomy, while the financial reporting
content scope of has been expanded to include IFRS application and
implementation guidance and illustrative examples.
“The 2011 taxonomy also consolidates all IFRS
taxonomy interim releases that were published in 2010,” the
standard-setter said.
The IFRS taxonomy is intended for use by entities
reporting in IFRS with XBRL software taxonomies available for most
of the major national financial reporting standards around the
world.
“It is an open core taxonomy, which means that it has been
developed to allow entities to tailor it to their specific needs by
adding their own tags,” IFRS Foundation said.
