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May 2011

IFRS developments.

By Sejal Vasa Company Secretary
Reading Time 1 mins
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The IFRS Foundation has published a set of 12 illustrative examples in XBRL for the IFRS Taxonomy, 2011. The examples are intended to help preparers of financial statements to understand how to apply the taxonomy to create instance documents and entity- specific extensions using both block tagging and detailed tagging, and also XBRL and Inline XBRL.

Visit the IASB website for a list of the illustrative examples and the IFRS Taxonomy 2011 guide.

The IFRS Foundation has announced that it will publish supplementary tags for the IFRS Taxonomy that reflect disclosures that are commonly reported by entities in their IFRS financial statements.

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