Oracle EPM Cloud Enterprise suite is increasingly mature and complete.
Among the various tools of the Financial Closing, within the Narrative Reporting, the tagging functions of the new iXBRL format are fully operational. A point to bear in mind in the analysis and development of the group chart of account which must be complete and “mappable” on the XBRL format required by the legislation.
And to clarity on statutory level, regarding the Inline XBRL (iXBRL), we have two steps:
1 – In the first two years (2020 and 2021) the Balance Sheet, Income Statement, Cash Flow Statement and Statement of Changes in Equity must be presented;
2 – From 1st January 2022: Notes to Financial Statements and Disclosures are added to the above.