Taxonomy 2023.Template update

Taxonomy Update

On December 27, 2024, at the meeting of the Financial Reporting System Management Committee, established in accordance with the Memorandum of Understanding No. 102/15 on the development and implementation of the financial reporting system dated December 18, 2017, the electronic format of the UA IFRS XBRL Taxonomy 2023 (v.1.1), which was developed with the help of the project “Implementation of EU Accounting, Financial Reporting and Auditing Practices in Ukraine” (EU-FAAR), was approved.

The electronic format of the UA IFRS XBRL Taxonomy 2023 is approved for further use by reporting entities when preparing financial statements in electronic format for 2023 and interim financial statements in 2024.

 

Source: FRS.gov.ua

Caseware Financials Software Update

Caseware Ukraine has prepared an update for Caseware Financials, which allows you to safely and quickly switch to the new UA IFRS XBRL 2023 taxonomy (v.1.1). Switching to the new taxonomy version is as simple as possible and takes no more than two minutes. If necessary, users can easily return to previous versions of taxonomies for individual projects.

 

To ensure the most convenient transition, the software includes functionality for comparing changes between taxonomy versions. Users receive a detailed report on changed tags, as well as instructions for replacing the necessary tags in reporting. This greatly simplifies adaptation to new requirements and eliminates the possibility of errors in financial reporting.

Learn more about the company’s software capabilities – Caseware Ukraine.

To receive a program update, you can contact your company’s assigned manager or write an email: financials@caseware.com.ua