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Status and Expected Evolution of XBRL
lFinancial Reporting Taxonomies Architecture 1.0: Recommendation dated 2005-04-25 ( (http://www.xbrl.org/technical/guidance/FRTA-RECOMMENDATION-2005-04-25.rtf) describes the architecture of financial reporting taxonomies using XBRL and establishes rules and conventions to achieve consistency through:
–Representation: Taxonomies should use similar XBRL structures to represent similar relationships among concepts.
–Modularity: Taxonomies should have a common approach to grouping taxonomy content at a file level.
–Evolution: Taxonomies developed based on the proposed architecture can be extended or revised using similar approaches
lXBRL specification 2.1 achieves consistency by making numerous improvements:
–Interoperability:
–Cost of implementation
–Clarity
lFuture XBRL specifications