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 108 Accounting Policies, Changes in Accounting Estimates and Errors
AASB 110 Events after the Reporting Period
AASB 112 Income Taxes
AASB 116 Property, Plant and Equipment
AASB 119 Employee Benefits
AASB 120 Accounting for Government Grants and Disclosure of Government Assistance
AASB 121 The Effects of Changes in Foreign Exchange Rates
AASB 123 Borrowing Costs
AASB 124 Related Party Disclosures
AASB 127 Separate Financial Statements

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 1003 Australian Petroleum Resource Rent Tax
INT 1019 The Superannuation Contributions Surcharge
INT 1030 Depreciation of Long-Lived Physical Assets: Condition-Based Depreciation and Related Methods
INT 1031 Accounting for the Goods and Services Tax (GST)
INT 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities
INT 1052 Tax Consolidation Accounting
INT 1055 Accounting for Road Earthworks

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

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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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