IASC Foundation publishes new IFRS taxonomy module manager
08 Aug 2008
The International Accounting Standards Committee (IASC) Foundation has released a new IFRS Taxonomy Module Manager (ITMM).
ITMM is an add-on for the IFRS Taxonomy 2008. It offers taxonomy users such features as:
- The ability to combine taxonomy files with one another
- An entry point that combines, for example:
- Consolidated statement of financial position, by order of liquidity
- Consolidated income statement, by function of expense
- Consolidated statement of cash flows, using the direct method
- An interactive graphical interface that guides the user through the selection of the necessary IFRS modules
- An entry point (in the form of a schema or empty instance document) that is the starting point for entity-specific extension or direct filing
- Ability to navigate across the IFRSs as well as the structure of financial statements
- A normal mode for first-time users, and advanced settings (together with expert mode) for experienced users
