The International Accounting Standards Committee Foundation has published a guide to the Extensible Business Reporting Language version of International Financial Reporting Standards.
The XBRL format promises to make financial statements from various companies easier for investors to analyze, while IFRS is being promoted as a way to make the financials of U.S. companies more easily comparable with those of foreign companies. Earlier this year, a codification in XBRL of U.S. generally accepted accounting principles was released (see
The IFRS Taxonomy Guide is aimed at financial statement preparers, supervisors, software developers and others who have a basic understanding of XBRL and familiarity with IFRS and its interpretations.