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MFS - Current USGAAP Taxonomy
Framework US GAAP CI: over 1,500 unique, individually identified pieces of
information, and IAS-PFS has over 800 such items.
The underlying or referenced
taxonomies remain unaltered; the entity extending the taxonomy
simply provides its own views of the taxonomy information in order to personalize
the data; while the referenced taxonomy elements remain the same, the labels,
presentation hierarchy and calculation summations are extended to meet an entities
For example, an entity may wish to add an element not found
in the referenced taxonomy that is unique to that
entity. Or, they may wish to extend the
label of a referenced element to meet their own particular financial
This powerful feature ensures user
defined flexibility while maintaining comparability.
Once an XBRL Instance Document and
Extension Taxonomy are created, they can then be securely located on the
internet or an intranet for consumption.
In the example below, an end user accesses the Instance Document
via the internet.
Once the Instance Document is loaded
in the XBRL enabled software, the information will be analyzed,
compared and rendered using a variety of methods.