TAXONOMY
The taxonomy is an electronic dictionary of all cost accounting concepts that may be used by a company to prepare and present its Cost Audit and Compliance Report to MCA in XBRL. The costing taxonomy contains the properties and interrelationships of all these cost elements for the purposes of capturing the required reporting data in XBRL format. The costing taxonomy published by MCA is to be used for mapping of individual cost elements of the company to the Taxonomy. A company has to choose (“tag”) appropriate taxonomy element for preparing its cost audit and compliance report in XBRL.
