Standards by period

Australian Accounting Standards set out the required accounting for particular types of transactions and events. The accounting requirements affect the preparation and presentation of an entity’s financial statements.

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AASB No. TITLE
AASB 1 First-time Adoption of Australian Accounting Standards
AASB 2 Share-based Payment
AASB 3 Business Combinations
AASB 4 Insurance Contracts
AASB 5 Non-current Assets Held for Sale and Discontinued Operations
AASB 6 Exploration for and Evaluation of Mineral Resources
AASB 7 Financial Instruments: Disclosures
AASB 8 Operating Segments
AASB 9 Financial Instruments
AASB 10 Consolidated Financial Statements
Interpretations by period

Interpretations interpret the requirements of Standards in application to particular transactions or events. These are usually developed where there has been diversity in the application of the requirements of a Standard.

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AASB No. TITLE
INT 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities
INT 2 Members’ Shares in Co-operative Entities and Similar Instruments
INT 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
INT 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment
INT 7 Applying the Restatement Approach under AASB 129 Financial Reporting in Hyperinflationary Economies
INT 10 Interim Financial Reporting and Impairment
INT 12 Service Concession Arrangements
INT 14 AASB 119 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction
INT 16 Hedges of a Net Investment in a Foreign Operation
INT 17 Distributions of Non-cash Assets to Owners
Frameworks by period

Conceptual Framework documents describe the objective of, and the concepts for, general purpose financial reporting. The purpose of a Conceptual Framework is to (a) assist the AASB to develop Standards that are based on consistent concepts; (b) assist preparers to develop consistent accounting policies when no Standard applies to a particular transaction or other event, or when a Standard allows a choice of accounting policy; and (c) assist all parties to understand and interpret the Standards.

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AASB No. TITLE
Conceptual Framework Conceptual Framework for Financial Reporting
Framework Framework for the Preparation and Presentation of Financial Statements
Statements by period

SAC 1 defines and explains the Australian concept of a reporting entity, which is relevant only to some entities (see AASB 1057).  SAC 1 specifies that such reporting entities should prepare general purpose financial reports that comply with Australian Accounting Standards.

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AASB No. TITLE
SAC 1 Definition of the Reporting Entity
Statements by period

Practice Statements provide guidance to entities when preparing general purpose financial statements that comply with Australian Accounting Standards

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AASB No. TITLE
PS 2 Making Materiality Judgements
Decisions by period

Agenda Decisions report the AASB's reasoning when issues that are raised for consideration by the AASB are either not added to the agenda or else are removed from the agenda when it is decided that a domestic pronouncement or amendment will not be issued.  Agenda Decisions cover matters of ongoing significance to general purpose financial statements.

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AASB No. TITLE
AD-AASB 112 [12-12] Substantive Enactment of Major Tax Bills in Australia
AD-AASB 112 [10-15] Accounting for Income Tax of Public Sector Entities
AD-AASB 116 [6-15] Definition of Residual Value in relation to Infrastructure Assets
AD-AASB 124 [4-17] Materiality of Key Management Personnel Related Party Transactions of Not-for-Profit Public Sector Entities
AD-AASB 1049 [5-13] GAAP/GFS Harmonisation for Entities within the GGS