Glos­sary for dig­i­tal fi­nan­cial state­ments

This page provides definitions for abbreviations and concepts related to digital financial statements and sustainability reporting.

ESEF taxonomy

European Single Electronic Format (ESEF) is a reporting format for European listed companies. See the website of the Finnish Financial Supervisory Authority for more information.Avautuu uuteen välilehteen

ESRS taxonomy

The ESRS taxonomy is an XBRL taxonomy created for structuring the sustainability report according to the EU’s directive on sustainability reporting. The taxonomy was developed by the European Financial Reporting Advisory Group (EFRAG) on assignment from the European Commission. The decision on the deployment of the taxonomy is made through a delegated regulation of the EU, but so far, no regulation has been issued.

Financial statement taxonomies

Taxonomies related to financial statement documents are structured data models that define how financial statement details are presented in electronic format. The taxonomies used in Finland are based on the eXtensible Business Reporting Language (XBRL) standard.

PIE

A Public Interest Entity (PIE) is an entity whose financial reporting and activities have an impact on the public. Under chapter 1, section 9 of the Finnish Accounting Act, PIEs are listed companies, credit institutions and insurance companies. Read more in a market report of the PRH’s Auditor Oversight in Finnish or Swedish.​

PRH identifier

The term “PRH-tunniste” (“PRH identifier” in English) is used in the Finnish Accounting Act to describe an element in the IXBRL taxonomy for financial statements. The element is combined with the corresponding financial statement item to be structured.

Tagging

Tagging, or marking, is a measure where the party obligated to report combines the items in their report with the elements in the taxonomy definition. Tagging enables the conversion of the report’s data content into structured material compliant with the taxonomy.

XBRL and IXBRL

eXtensible Business Reporting Language (XBRL) is used to automatically create, handle and work up digital financial reports. Inline eXtensible Business Reporting Language (IXBRL) is an extension of the XBRL language for converting a machine-readable report into a human-readable version. Go to XBRL International’s website for more information.Avautuu uuteen välilehteen 

XBRL interface

A REST API interface provided by the PRH and that software companies can deploy for sending digital IXBRL financial statements directly to the Finnish Trade Register. Read more about our interface.​

XBRL sustainability identifier

The term “XBRL-kestävyystunniste” (“XBRL sustainability identifier” in English) is used in the Finnish Accounting Act to describe an element in the IXBRL taxonomy for sustainability reports. The element is combined with the corresponding sustainability report item to be structured.

XHTML

eXtensible Hypertext Markup Language (XHTML) is used for websites. The XHTML file format allows data to be presented in a consistent standard format and in a particular order. Word or PDF files can be converted into the XHTML format using various applications. For example, search for “PDF to XHTML” to find them.