A view of the International Financial Reporting Standards as presented in the IFRS
Taxonomy 2010 (organised according to financial statements) in Spanish
XBRL (eXtensible Business Reporting Language) is a standard that is used to communicate information between businesses and other users of financial information. It provides a common, electronic format for business reporting.
The IFRS Foundation XBRL Team is responsible for developing the XBRL representation of the IFRSs – including International Accounting Standards (IASs), Interpretations and the IFRS for Small and Mediumsized Entities (SMEs) – issued by the IASB, known as the IFRS Taxonomy.
Physically, the IFRS Taxonomy consists of a set of electronic XBRL files and therefore, it can be difficult for those not familiar with XBRL to understand the structure of the Taxonomy without the use of software.
The IFRS Taxonomy Illustrated presents the structure of the IFRS Taxonomy in a simplified, visual format that does not require knowledge of XBRL. It has been specially prepared for accountants, auditors and those wanting a comprehensive overview of the structure and content of the IFRS Taxonomy, in order to promote understanding of the Taxonomy and to assist with the preparation of IFRS financial reports in XBRL format.
The IFRS Taxonomy Illustrated sets out the hierarchy of the 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 and IASs that these elements relate to. It also contains links to the eIFRS (electronic IFRSs), the IASC Foundation’s online subscription service that contains the electronic consolidated editions of the IFRSs and accompanying documents.
To meet the needs of preparers, The IFRS Taxonomy Illustrated is available in two versions:
- the Taxonomy organised according to financial statements. and
- the Taxonomy organised by IFRSs (ie in the same order as the IFRS Bound Volume).
The IFRS Taxonomy Illustrated is also available in multiple languages. This version of The IFRS Taxonomy Illustrated reflects IFRSs (excluding the IFRS for SMEs) as presented in the IFRS Taxonomy 2010, which was released on 30 April 2010, in Spanish.