![]() in line with the requirements included in the RTS on ESEF and with the guidance set out in the ESEF Reporting Manual (as updated in July 2019). The detailed provisions of the ESEF are contained in the RTS on ESEF included in the Final Report on the RTS on ESEF.ĮSMA published in June 2020 an example of annual financial report which is prepared in the new European Single Electronic Format, i.e. Primary financial statements (income statement, balance sheet, statement of cash flows and statement of changes in equity) shall be marked up in detail the Notes instead will need to be marked up by applying mark-ups for whole sections of the notes (block tagging).Preparers shall mark-up disclosures using the taxonomy element having the closest accounting meaning to the marked up disclosure if the closest taxonomy element misrepresents the accounting meaning of the disclosure, issuers shall create a so-called extension taxonomy element and anchor such extension to the core taxonomy element that has the closest accounting meaning.Furthermore, XBRL technical taxonomy files compliant with all relevant technical and legal requirements are published on ESMA’s website to provide guidance to issuers’ in creating their own entity-specific taxonomy The schema of the core taxonomy is included in Annex to the RTS. The taxonomy to be used for ESEF is an extension of the IFRS taxonomy. ![]() A taxonomy provides the hierarchical structure used to classify financial information and is essential for structured electronic reporting using XBRL.The XBRL ‘tags’ shall be embedded in the XHTML document using the Inline XBRL technology, which allows the benefits of XBRL tagged data to be combined with the human readable presentation of AFRs.Where AFRs contains IFRS consolidated financial statements, these shall be labelled the XBRL ‘tags’, which make the labelled disclosures structured and machine-readable.All AFRs shall be prepared in XHMTL, which is human readable and can be opened with any standard web browsers.T he RTS on ESEFwill apply to all issuers subject to the requirements contained in the Transparency Directive to make public AFRs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |