TAXONOMY
UA XBRL
TAXONOMY
UA XBRL
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XBRL – FROM THEORY TO PRACTICE
Open, freely available international standard for exchanging business data, being the Western European standard of financial reporting submission under IFRS and US GAAP, to standardise information used in the preparation of statements of different companies for further comparison and analysis.
Taxonomy is a grouping of XBRL data tags (elements).
Taxonomy is a grouping of XBRL data tags (elements).
Digital business reporting according to IFRS standards where the to-be-revealed data is systematised in order to comply with the unified data exchange format.
XBRL
IFRS Taxonomy
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THE NEED-TO-KNOW FACTS
On 9 April 2021,the e-format of the UA XBRL Taxonomy IFRS 2020 was approved by the Financial Reporting System Management Committee. 2021 is a well-chosen year for the companies to assess their resources and technical capacity as well as to develop procedures to prepare the reporting in UA XBRL Taxonomy format.
- What if deadlines are missed?For violation of deadlines for submission of financial statements based on the Taxonomy of financial statements under international standards in a single electronic format, enforcement measures won't be applied in 2021.Where to find e-format of UA XBRL Taxonomy?On the official sites of NSSMC, the NBU, the Ministry of Finance of Ukraine and the Financial Reporting System. The hard copies of the annual financial statements, consolidated annual statements together with the audit report in 2020 and interim financial statements for 2021 shall be submitted by the National Bank of Ukraine to the Bank Supervision Department and published on the official bank websiteby 30 April 2021.
WE HAVE REMEDIES TO ADDRESS THE ISSUE OF SUBMITTING REPORTING IN XBRL FORMAT.
PREPARATION OF THE FINANCIAL STATEMENTS – NEW LINE SOLUTIONS
Find out the cost of the IFRS Component for your business
IFRS Reporting Package
Preparation of separate IFRS financial reporting modules
Preparation of a full IFRS Reporting Package
The full IFRS Reporting Package will include all the necessary financial statement forms, disclosures and detailed work files that are easy to navigate.
Either separate financial statements or complex calculation under IFRS standards may be ordered.
Find out the cost of the full Reporting Package for your business
IFRS COMPONENT
Reporting in XBRL format –
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Care for an ad hoc service at the separate stage?
1
Recommendations for choosing software
2
E-registration of the company
3
Preparing and adjusting the financial statements in XBRL format
4
Validation of XBRL reporting
5
Submission of XBRL reporting to auditors for signing
6
Signing of reports by the enterprise
7
Description of the reporting preparation procedure/algorithm
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As content of the website is copyrighted, any unauthorised use of any material on the website may violate copyright, trademark and other laws. Should a user download the materials on this website for personal or non-commercial use, the user must retain all copyright and other proprietary notices contained in the original materials on any copies of the material. Materials on this website may not be modified, reproduced or publicly displayed, performed or distributed or used for any public or commercial purposes.
Audit Firm Moore Stephens LLC, an independent firm associated with Moore Global Network Limited, a worldwide association of independent accounting and consulting firms. MSIL and its member firms are legally distinct and separate entities. They are not and nothing shall be construed to place these entities in the relationship of parents, subsidiaries, partners, joint ventures, or agents. No member firm of MSIL has any authority (actual, apparent, implied or otherwise) to oblige or bind MSIL or any other MSIL member firm in any manner whatsoever.
The information contained in this Site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this Site. Accordingly, the information on this Site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, tax, or other professional advice and services. Any information on this Site should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. Before making any decision or taking any action, you should consult with Moore Stephens LLC professional. We accept no responsibility for loss which may arise from reliance on information contained in this Site or other sites to which links are provided (including sites of Moore Stephens member-firms).
Audit Firm Moore Stephens LLC does not warrant or offer any assurances that this website is compatible with any user's computer equipment or network through which access to the website is gained or that the use of this website will not lead to viruses or similar destructive software accessing any user's computer equipment. Audit Firm Moore Stephens LLC shall not be liable for any damage which a user may suffer as a result of any errors in content or arising from any virus or other destructive software. Users are responsible for ensuring that their computer equipment has appropriate security and virus protection features.
Nothing on this website constitutes a legally binding offer for services and should not be treated as such.
Copyright
As content of the website is copyrighted, any unauthorised use of any material on the website may violate copyright, trademark and other laws. Should a user download the materials on this website for personal or non-commercial use, the user must retain all copyright and other proprietary notices contained in the original materials on any copies of the material. Materials on this website may not be modified, reproduced or publicly displayed, performed or distributed or used for any public or commercial purposes.