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 IFRS Taxonomy 2016 updated for Disclosure Initiative (Amendments to IAS 7)

28 April 2016

The IFRS Foundation published today the Taxonomy Update 1 to the IFRS Taxonomy 2016.

IFRS Taxonomy updates contain 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 Taxonomy Update 1 incorporates the IFRS Taxonomy elements for:

  • Disclosure Initiative (Amendments to IAS 7)

The Disclosure Initiative is a portfolio of projects that are being undertaken by the IASB with the aim of improving the effectiveness of disclosures in financial statements.

The Taxonomy changes resulting from this Update are final. The public consultation took place at the IASB Exposure Draft stage.

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


IFRS Taxonomy- Disclosure Initiative (Amendments to IAS 7) [PDF]


Taxonomy files

The IFRS Taxonomy Illustrated

Versioning Information

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IFRS Taxonomy Team