IFRS Transition Elements

Rule function

This rule identifies concepts in the IFRS taxonomy that are being transitioned and that should not be used in filings after 2023-01-01. The rule identifies these concepts by looking for elements with a reference part with the following text:

“This element should be used to tag non-restated comparative information only.”

The rule identifies all facts using these transition elements and flags an error.

Problem solved by the rule

The rule ensures that filers update the values associated with these elements in prior filings with the elements that are relevant in 2024.

Example rule message

A value was reported for UtilisationAllowanceAccountForCreditLossesOfFinancialAssets with a value of 123,456,000. This is a transition element that should not be used after 2023-01-01. The end date of this fact is 2023-06-01. Please update the element to the appropriate element after adoption of the accounting standard.

The properties of this UtilisationAllowanceAccountForCreditLossesOfFinancialAssets fact are:

Period: 2023-01-01 to 2023-06-01
Dimensions:

Rule Element ID: 10104
Rule version: 23.0.0RC1

For Developers

The Global Rule Logic document contains general guidelines for implementation of rules.

The rule message template contains text and parametric reference to arguments of the rule operation, using the syntax ${parameter} to indicate that insertion of a parameter’s value is to occur.

Message template

A value was reported for {$TranstionFact.concept.name} with a value of {$TranstionFact}. This is a transition element that should not be used after 2023-01-01. The end date of this fact is {$TranstionFact.period.end}. Please update the element to the appropriate element after adoption of the accounting standard.

The properties of this {$TranstionFact.concept.name} fact are:

Period: {$TranstionFact.period}
Dimensions: {$TranstionFact.dimensions.join(', ','=')}

Rule Element ID: {$ruleId}
Rule version: {$ruleVersion}

Test Case Index

The rule element id is used to identify unique elements or combinations of elements tested in the rule.