XBRL Glossary
- Tag
- In mark-up languages such as XML and HTML, a tag is a marker that identifies an element in a document, such as a heading or a paragraph, for the purposes of formatting, indexing, and linking information in the document. In both XML and HTML, a tag is generally a pair of angle brackets that contain one or more letters and numbers. Usually one pair of angle brackets is placed before an element, and another pair is placed after, to indicate where the element begins and ends. For example, in HTML, <p>hello world</p> indicates that the phrase 'hello world' is a paragraph.
- Taxonomy
- A controlled vocabulary used primarily for the creation of
navigation structures for websites. Often based on a thesaurus, but may
have shallower hierarchies and less structure, for example, no related
terms.
In XBRL the taxonomies define the specific tags for individual items of data (such as 'net profit'). Different taxonomies will be required for different financial reporting purposes. National jurisdictions may need their own financial reporting taxonomies to reflect their local accounting regulations. Many different organisations, including regulators, specific industries or even companies, may require taxonomies to cover their own business reporting needs. - XML
- n. Acronym for eXtensible Markup Language, a condensed form of SGML (Standard Generalized Markup Language). XML lets Web developers and designers create customized tags that offer greater flexibility in organizing and presenting information than is possible with the older HTML document coding system. XML is defined as a language standard published by the W3C and supported by the industry. See World Wide Web Consortium for details.
