ifrs1The IFRS Taxonomy 2014 consolidates all IFRS Taxonomy Proposed Interim Releases issued since the publication of the IFRS Taxonomy 2013. These releases mainly related to IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39),  Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36), and two sets of Annual Improvements to IFRSs (2009–2011 and 2010–2012 Cycles), as well as new concepts that reflect some industry practices. These common practice concepts have been derived from an analysis of IFRS financial statements prepared by companies engaged in real estate and telecommunication activities.

The IFRS Taxonomy 2014 follows a different architecture to the IFRS Taxonomy 2013, with separated modules for full Standards,  IFRS for SMEs and IFRS Practice Statement Management Commentary.

IFRS Taxonomy 2014