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 IFRS Taxonomy 2015 updated for Common Practice


8 December 2015


The IFRS Foundation published today the Update 2 to the IFRS Taxonomy 2015 - Common Practice.

IFRS Taxonomy update contains additional taxonomy concepts that reflect new Standards and amendments to Standards issued by the IASB, thereby allowing entities wishing to report electronically using the latest Standards to do so without the need for these entities to create their own taxonomy concepts. They may also contain technical updates, new common practice elements or general taxonomy improvements.


The IFRS Taxonomy Update 2 sets out the additions to the IFRS Taxonomy for entities engaged in:

  • Information Technology
  • Media
  • Chemicals
  • Utilities

The additions are the result of the empirical analysis of IFRS financial statements. This update also includes new elements discovered during the analysis of these specific activities that have a more general reporting scope.

For XBRL files, the IFRS Taxonomy Illustrated, versioning reports, element definitions in Excel and other supporting materials, click here.


Taxonomy files

Related documents

The IFRS Taxonomy Illustrated

Versioning Information

Contact us

IFRS Taxonomy Team taxonomy@ifrs.org