IFRS Taxonomy What Is the IFRS Taxonomy and How Is It Used

question 8

Essay

IFRS taxonomy
What is the IFRS taxonomy and how is it used?

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Definitions:

Lewin's Change Model

A framework for understanding organizational change, containing three steps: unfreezing, changing, and refreezing.

Unfreezing

The initial stage in Lewin's change model that involves reducing forces maintaining the current state, enabling the acceptance of new behaviors or thoughts.

Logical Incrementalism

A strategy of making decisions through small, logical steps instead of large, radical changes.

Trial Balloon

A tactic used to test the viability or public reaction to policy changes, new ideas, or proposals, typically through unofficial information leak or a deliberate mention.