SBR Taxonomy
In the SBR context, the taxonomy is a collection of reportable terms and their association with accounting and related concepts. It is the language used to enable business software to send reports to government agencies.
The SBR Taxonomy is based on international standards and best practice. In developing the taxonomy, participating agencies undertook a process of rationalisation/harmonisation. The process identified, defined and labelled every element of data that is reported to agencies for each of the forms in scope. Duplicate items with disparate names were harmonised under one label. Similarly, items with the same name, but disparate definitions, were identified and uniquely labelled.
The SBR Taxonomy is suitable for software developers to commence build and test of SBR‑enabled products.
