What are XBRL taxonomies?

January 31st, 2007

XBRL Taxonomies,are the dictionaries which the language uses. Each item of data are identified by a specific tag, taxonomies are the categorization schemes that define these tags.

Based on the accounting regulations these taxonomies might change. So different countries have their own taxonomies, within the US different national jurisdictions may have different taxonomies, different industries will have different taxonomies. There are also taxonomies for internal reporting purposes called the GL taxonomy.

Entry Filed under: XBRL