Conceptual framework

10

Each reference to the Conceptual Framework for Financial Reporting (or Conceptual Framework) in other Australian Accounting Standards (including Interpretations) is taken to be a reference to the relevant pronouncement listed in Table 3 below. Each row in Table 3 is to be treated as a separate provision of this Standard.

Table 3: Australian conceptual framework pronouncements

Issue Date

Title

Application Date

(annual reporting periods)

March 2020

[as amended to]

Conceptual Framework for Financial Reporting (or Conceptual Framework)

Note – for-profit entities applying the Conceptual Framework are set out in paragraph Aus1.1. of the Conceptual Framework

(beginning)

1 July 2021

May 2019

Conceptual Framework for Financial Reporting (or Conceptual Framework)

Note – this pronouncement is applicable only to for-profit private sector entities that have public accountability and are required by legislation to comply with Australian Accounting Standards and other for-profit entities that elect to apply this Framework

(beginning)

1 January 2020

AusCF10

Notwithstanding paragraph 10, in respect of AusCF entities, each reference to the Framework for the Preparation and Presentation of Financial Statements (or Framework) in other Australian Accounting Standards (including Interpretations) is taken to be a reference to the relevant pronouncement listed in Table 3 below. Each row in Table 3 is to be treated as a separate provision of this Standard.

Table 3: Australian conceptual framework pronouncements

Issue Date

 

Title

Application Date

(annual reporting periods)

March 2020

[as amended to]

Framework for the Preparation and Presentation of Financial Statements (or Framework)

(beginning)

1 July 2021

May 2019

[as amended to]

Framework for the Preparation and Presentation of Financial Statements (or Framework)

(beginning)

1 January 2020

December 2018

[as amended to]

Framework for the Preparation and Presentation of Financial Statements (or Framework)

(beginning)

1 January 2020

June 2014

[as amended to]

Framework for the Preparation and Presentation of Financial Statements (or Framework)

(beginning)

1 July 2014

11

This Standard updates references to the Conceptual Framework in Australian Accounting Standards (including Interpretations) to the relevant amended version of the Conceptual Framework. The principal application date listed in each row of Table 3 is a reference to annual reporting periods beginning or ending (as indicated) on or after the date specified. An entity may elect to apply an amended version of the pronouncement to annual reporting periods in advance of that stated in Table 3, subject to any early application paragraphs.

AusCF11

Notwithstanding paragraph 11, in respect of AusCF entities, this Standard updates references to the Framework in Australian Accounting Standards (including Interpretations) to the relevant amended version of the Framework. The principal application date listed in each row of Table 3 is a reference to annual reporting periods beginning or ending (as indicated) on or after the date specified. An entity may elect to apply an amended version of the pronouncement to annual reporting periods in advance of that stated in Table 3, subject to any early application paragraphs.