Updated in July 2019, this course is designed to help you understand the financial reporting requirements that are unique to Australia.
Overview
Updated in July 2019, this course is designed to help you understand the financial reporting requirements that are unique to Australia.
Key topics:
- an overview of the Australian financial reporting framework
- reporting requirements for the different types of reporting entities
- an overview of the reporting entity concept
- an overview of the reduced disclosure regime
- additional disclosures required under AASB 1054
This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.
Objectives
- Identify sources of Australia-specific reporting requirements for different types of reporting entities
- Apply the reporting entity concept to identify entities that are required to prepare financial statements
- Outline the two tiers of financial reporting for general purpose financial statements, namely Tier 1 and Tier 2, and determine when the reduced disclosure requirements are applicable
- Identify the more substantial disclosures which have been removed for Tier 2 general purpose financial reports
- Identify additional Australian disclosures required under AASB 1054
Audience
This course is specifically designed for accounting and finance professionals who are involved in external reporting and financial accounting for companies in Australia.