This short course covers the Reduced Disclosure Requirements (RDR) and the reporting requirements for both Tier 1 and Tier 2 entities in preparing general purpose financial statements. You will cover the regime of recognition, measurement and disclosure requirements for reporting entities in Tier 1 and 2 and be able to effectively prepare general purpose financial statements.
Key topics:
- AASB 1053 application of tiers to Australian Accounting Standards
- What does 'public accountability' mean?
- Rules around tiers
- Reduced disclosures
- Disclosures not required
This one hour online course forms part of the FastClass short course suite.
