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TAG-TF Introduction

TAG-TF Introduction. Surveymonkey.com/s/ TAGTFSurvey. Agenda. Introduce the XBRL International, Taxonomy Architecture Guidance Task Force (TAG-TF). Activities to date. Upcoming release of Taxonomy Guidance Document V1. How the XBRL community can influence future versions. Questions.

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TAG-TF Introduction

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  1. TAG-TFIntroduction Surveymonkey.com/s/TAGTFSurvey

  2. Agenda • Introduce the XBRL International, Taxonomy Architecture Guidance Task Force (TAG-TF). • Activities to date. • Upcoming release of Taxonomy Guidance Document V1. • How the XBRL community can influence future versions. • Questions.

  3. The XII TAG-TF • Formed in March 2012 as a Task Force of the XII Best Practice Board. • Chartered to: • Record prevalent taxonomy architectures. • Evaluate standard practices. • Identify patterns and profiles. • Document the above as a Taxonomy Architecture Guidance. • Diverse group of XBRL experts, both in background and geography.

  4. Timeline

  5. Observation framework • Template for observations created to capture >100 aspects of taxonomy. • Included sections for: • Taxonomy aims and business requirements • Taxonomy metadata • Data modelling • Implementation details • Creating extensions

  6. Survey • 14 distinct taxonomies selected. • Taxonomies must be non trivial and in production use. • Survey carried out or reviewed by taxonomy authors and decision makers. • No self-organisation of architectures found.

  7. Taxonomy Guidance Document • Audience: Taxonomy architects (mainly technical). • Aim 1: “to increase the understanding around what architectural choices are important and what approaches are available”. • Aim 2: “inform of the possible impact of architectural decisions”. • Source:“the practical application of XBRL and empirical data taken from actual reporting programs”. • Conclusions: “good practice can be considered as choosing the best fit for a specific reporting requirement”.

  8. Upcoming release • Version 1 contains something for everyone: • Introduction and importance of taxonomy architecture. • How to characterise your taxonomy and use the document. • Designing taxonomies for extensions. • Modelling of tables and lists, using tuples and dimensions. • Methods and best practice for the construction of labels. • To be released for public comment in Q1 2014.

  9. Future • Once initial framework in V1 is complete, can expect frequent new releases. • Future versions need to reflect high priority items. • Seek input from the community on the high priority Taxonomy Guidance items. • Starts today! Pick up a questionnaire and tell us what you want first.

  10. Call for participation • We still have more work to do! • If you are interested and involved in taxonomy architecture and design and can spare some time – get in touch! • tagtf@xbrl.org • Original CFP document - xbrl.org/sites/xbrl.org/files/imce/Call%20for%20Participants%20TAGTF.pdf

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