35 paragraphs found in AASB 1052
Government departments are required to achieve service delivery as well as financial objectives. Accordingly, a government department’s performance is assessed by reference to the effectiveness, economy and efficiency with which the government department …
Paragraphs 15 and 16 require disclosure of information about the expenses, income, assets and liabilities attributable to the major activities of a government department for the reporting period. This information is relevant in assessing the …
However, in some instances it may not be possible to reliably attribute all expenses, income, assets and liabilities to each of the major activities of a government department. Paragraphs 15 and 16 require that the complete set of financial statements of …
Judgement is required to identify those activities of a government department that warrant separate disclosure in the complete set of financial statements. Exercising this judgement involves a consideration of the following: (a) the objectives of the …
AASB 1050 also contains requirements relating to the disclosure of administered income and expenses attributable to a government department’s activities. The principles in this Standard are used in satisfying the requirements in AASB 1050 …
Paragraphs 15–21 do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities …
This compiled Standard applies to annual reporting periods beginning on or after 1 January 2022. Earlier application is permitted for annual reporting periods beginning on or after 1 January 2014 but before 1 January 2022. It incorporates relevant …
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Australian Accounting Standard AASB 1052 Disaggregated Disclosures (as amended) is set out in paragraphs 1 – 21 and Appendix B. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. AASB 1052 is to be read in …
This Standard contains relevant requirements relating to reporting of disaggregated information by local governments and government departments that have been relocated from AAS 27 Financial Reporting by Local Governments and AAS 29 Financial Reporting by …