Grant Thornton has developed the financial reporting factsheets listed below for CPA Australia, providing a high level overview of the requirements set out in International Financial Reporting Standards (IFRS).
In addition to including requirements in IFRS that are used as the basis for Australian Accounting Standards (AAS) issued by the Australian Accounting Standards Board (AASB), the factsheets also include Australian specific requirements included in AAS.
These factsheets also cover Australian specific AAS that have been developed and issued by the AASB to deal with Australian specific financial reporting requirements not addressed through the IFRS framework. The factsheets reflect requirements in IFRS and AAS as at 31 December 2015.
- IAS 1 / AASB 101 Presentation of Financial Statements
- IAS 2 / AASB 102 Inventories
- IAS 7 / AASB 107 Statement of Cash Flows
- IAS 8 / AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 10 / AASB 110 Events after the Reporting Period
- IAS 11 / AASB 111 Construction Contracts
- IAS 12 / AASB 112 Income Taxes
- IAS 16 / AASB 116 Property, Plant and Equipment
- IAS 17 / AASB 117 Leases
- IAS 18 / AASB 118 Revenue
- IAS 19 / AASB 119 Employee Benefits
- IAS 20 / AASB 120 Accounting for Government Grants and Disclosure of Government Assistance
- IAS 21 / AASB 121 The Effects of Changes in Foreign Exchange Rates
- IAS 23 / AASB 123 Borrowing Costs
- IAS 24 / AASB 124 Related Party Disclosures
- IAS 27 / AASB 127 Separate Financial Statements
- IAS 28 / AASB 128 Investments in Associates and Joint ventures
- IAS 29 / AASB 129 Financial Reporting in Hyperinflationary Economies
- IAS 32 / AASB 132 Financial instruments: Presentation
- IAS 33 / AASB 133 Earnings per Share
- IAS 34 / AASB 134 Interim Financial Reporting
- IAS 36 / AASB 136 Impairment of Assets
- IAS 37 / AASB 137 Provisions, Contingent Liabilities and Contingent Assets
- IAS 38 / AASB 138 Intangible Assets
- IAS 40 / AASB 140 Investment Property
- IAS 41 / AASB 141 Agriculture
- IFRS 2 / AASB 2 Share-based Payment
- IFRS 3 / AASB 3 Business Combinations
- IFRS 4 / AASB 4 Insurance Contracts
- IFRS 5 / AASB 5 Non-current Assets Held for Sale and Discontinued Operations
- IFRS 6 / AASB 6 Exploration for and Evaluation of Mineral Resources
- IFRS 7 / AASB 7 Financial Instruments: Disclosures
- IFRS 8 / AASB 8 Operating Segments
- IFRS 9 / AASB 9 Financial Instruments
- IFRS 10 / AASB 10 Consolidated Financial Statements
- IFRS 11 / AASB 11 Joint Arrangements
- IFRS 12 / AASB 12 Disclosure of Interest in Other Entities
- IFRS 13 / AASB 13 Fair Value Measurement
- IFRS 14 / AASB 14 Regulatory Deferral Accounts
- IFRS 15 / AASB 15 Revenue from Contracts with Customers
- AASB 1004 Contributions
- AASB 1023 General Insurance Contracts
- AASB 1038 Life Insurance Contracts
- AASB 1039 Concise Financial Reports
- AASB 1048 Interpretation of Standards
- AASB 1049 Whole of Government and General Government Sector Financial Reporting
- AASB 1050 Administered Items
- AASB 1051 Land Under Roads
- AASB 1052 Disaggregated Disclosures
- AASB 1053 Application of Tiers of Australian Accounting Standards
- AASB 1054 Australian Additional Disclosures
- AASB 1055 Budgetary Reporting
- AASB 1056 Superannuation Entities
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