Australian financial reporting requirements (108023248) - Online

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.

• 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