What is an XBRL taxonomy?
An XBRL taxonomy is a document or set of documents defining and describing the concepts that can be reported using that taxonomy, according to the XBRL specification. In effect, an XBRL taxonomy contains the data about the data provided in XBRL business reports. The usual terminology for data about data in this age is “Metadata”. Thus, XBRL taxonomies are where you should go to find the metadata required to interpret an XBRL business report. The metadata in XBRL taxonomies has a modular stucture. At the core of the meta data is a list of unique concept identifiers. Various pieces of information are then attached to these identifiers; for example, definitions, labels, derivation rules using other concepts defined in this or other XBRL taxonomies etc.
An XBRL taxonomy is a document or set of documents defining and describing the concepts that can be reported using that taxonomy, according to the XBRL specification. In effect, an XBRL taxonomy contains the data about the data provided in XBRL business reports. The usual terminology for data about data in this age is “Metadata”. Thus, XBRL taxonomies are where you should go to find the metadata required to interpret an XBRL business report. The metadata in XBRL taxonomies has a modular stucture. At the core of the meta data is a list of unique concept identifiers. Various pieces of information are then attached to these identifiers; for example, definitions, labels, derivation rules using other concepts defined in this or other XBRL taxonomies etc.
