XBRL GL Announces release of Public Working Draft of the XBRL GL 2005taxonomy

[George Farkas <gfarkas@xbisoftware.com>]

I think that I said that I would send this to the Tax XML group on last
call. 
The XBRL GL working group will appreciate any comments that you
send.

george

George Farkas
XBI Software Inc



The XBRL GL Working group is pleased to announce the release of the
Public Working Draft of the XBRL GL 2005 taxonomy, the XBRL 2.1
compatible GL taxonomy*.

This taxonomy is intended to provide a standardized format for
representing the data fields found in accounting and operation
systems
and transactional reports that will allow organizations to tag
journal
entries, accounting master files, and historical status reports in
XBRL. The modular set consists of the COR (Core), the BUS (Advanced
Business Concepts), MUC (Multi-Currency),USK (concepts for
"saxonic" accounting -  the US, UK, etc) and TAF (Tax
Audit File) modules.

This modular taxonomy consists of a series of modules that extend
the
basic identifiers for entries, agents, and resources to meet the
needs
of specific jurisdictions, industries and need. It enables data from
the general ledger and transaction journals of an organisation to be
transported to XBRL financial reports.

* This taxonomy was acknowledged by the Domain Working Group on
Monday, July 11th 2005 (according to the Taxonomy Recognition
Process
at

http://www.xbrl.org/TaxonomyRecognition/) and we are releasing
it
as a public working draft. 

* Its exposure period ends 10 October 2005. Once changes based on
feedback are made, the XBRL GL Working group will seek formal
Approval
of this taxonomy from XBRL International. 

* This release is compliant with XBRL 2.1, Specification dated
2003-12-31 plus errata corrections dated 2005-04-25.

* The taxonomy files are now available for public comment at
http://www.xbrl.org/int/gl/2005-07-12/gl-2005-07-12.htm

* There is no intention for further development work on either of
the
prior taxonomy releases (XBRL GL 1.0 or 1.1) by the XBRL GL working
group. 

This is a public working draft - circulation is unrestricted.
Recipients of the taxonomy are invited to submit their questions and
comments, and to submit notification of any relevant patent rights
of
which they are aware and to provide supporting documentation. Direct
members of  XBRL and members of XBRL jurisdictions are invited
to
contribute to the XBRL GL working group mailing list 

Please send in your comments before 10 October 2005 for them to be
considered before the taxonomy is to be validated again and
submitted
for Approval. 

Comments should be sent to directly to XBRL-GL mailing list or to
the
chair of the XBRL GL Working Group, Diane Mueller
<diane.mueller@businessobjects.com> if you are not currently a
member
of the XBRL-GL mailing list.