28 paragraphs found in AASB 1055
This Standard applies to annual reporting periods beginning on or after 1 July 2014 . [Note: For application dates of paragraphs changed or added by an amending Standard, see Compilation …
This Standard may be applied to annual reporting periods beginning before 1 July 2014 , provided that AASB 2013-1 Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements is also applied to the same …
Where an entity within the GGS’s budgeted financial information reflecting major classes of administered income and expenses, or major classes of administered assets and liabilities, is presented to parliament and is separately identified as relating to …
Comparative budgetary information in respect of the previous period need not be disclosed. …
The original budget is the first budget presented to parliament in respect of the reporting period. …
Under AASB 101 Presentation of Financial Statements an entity may present a statement of profit or loss and other comprehensive income as: (a) a single statement of profit or loss and other comprehensive income, with profit or loss and other comprehensive …
Any revised budget that is presented to parliament during the reporting period may be disclosed in the financial statements in addition to the original budget and might need to be referred to in explanations of major variances as noted in paragraph 15 …
Information provided in accordance with paragraph 6 or 7 facilitates users of financial statements (including taxpayers) making and evaluating decisions about the allocation of scarce resources and for assessing the discharge of an entity’s …
Budgeted financial information reflecting administered income and expenses, or assets and liabilities, presented to parliament that is subject to the requirements of paragraph 7 would, consistent with AASB 1050 , at a minimum, contain information about …