Glossary for digital, structured financial statements
This page provides definitions for abbreviations and concepts related to structured financial statements and sustainability reporting.
ESEF taxonomy
European Single Electronic Format (ESEF) is a uniform structured reporting format for European listed companies. ESEF taxonomy is the XBRL taxonomy used in ESEF reporting, which defines how the data in financial statements are described in a structured format. The ESEF taxonomy is based on the IFRS taxonomy maintained by the IFRS Foundation. The European Securities and Markets Authority (ESMA) complements it with ESEF reporting requirements and publishes an updated ESEF taxonomy annually.
ESRS taxonomy
The ESRS taxonomy is an XBRL taxonomy created for structuring the sustainability report according to the EU’s directive on sustainability reporting. The taxonomy was developed by the European Financial Reporting Advisory Group (EFRAG) on assignment from the European Commission. The decision on the deployment of the taxonomy is made through a delegated regulation of the EU, but so far, no regulation has been issued.
Financial statement taxonomies
Taxonomies related to financial statement documents are structured data models that define how financial statement details are presented in electronic format. The taxonomies used in Finland are based on the eXtensible Business Reporting Language (XBRL) standard.
IFRS taxonomy
IFRS taxonomy maintained by the IFRS Foundation contains elements for tagging financial statements prepared in accordance with IFRS accounting standards.
iXBRL instance document
An instance document is an XBRL document that corresponds to some entry point file. The instance document is the actual report relayed to the recipient, such as the financial statement report of a limited liability company. It includes all modules used in the report for the relevant framework.
An IXBRL instance document contains a machine-readable XML portion and a human-readable portion visualised in XHTML format.
PRH identifier
The term “
SBR taxonomy
SBR taxonomy was developed to generate financial reporting compliant with Finnish accounting legislation. The taxonomy entity contains several frameworks for different reporting purposes. When the PRH's instructions refer to the SBR taxonomy, this means the frameworks for corporate financial reporting.
STaksonomia
STaksonomia is a taxonomy for the financial audit report prepared by the Finnish Association of Authorised Public Accountants and maintained by the PRH. The structure of STaksonomia is based on international standards of auditing (ISA), taking into account the requirements of national legislation. The NBA taxonomy of the Dutch association of auditors has been used as the basis for STaksonomia.
Tagging
Tagging, or marking, is a measure where the party obligated to report combines the items in their report with the elements in the taxonomy definition. Tagging enables the conversion of the report’s data content into structured material compliant with the taxonomy.
XBRL and iXBRL
eXtensible Business Reporting Language (XBRL) is used to automatically create, handle and work up digital financial reports. Inline eXtensible Business Reporting Language (IXBRL) is an extension of the XBRL language for converting a machine-readable report into a human-readable version. Go to XBRL International’s website for more information.Avautuu uuteen välilehteen
XBRL receiving API
A REST API interface provided by the PRH and that software companies can deploy for sending digital IXBRL financial statements directly to the Finnish Trade Register. Read more about our application programming interface.
XBRL sustainability identifier
The term “
XHTML
eXtensible Hypertext Markup Language (XHTML) is used for websites. The XHTML file format allows data to be presented in a consistent standard format and in a particular order.
XRBL taxonomy
XBRL taxonomy is a description of a report's data content in XBRL language. The XBRL taxonomy is presented as a set of XML schema files and related XML metadata libraries generated in accordance with the XBRL specification.
Read more about XBRL taxonomies in general and various XBRL taxonomy specifications