This course is designed to help you understand the financial reporting requirements that are unique to Australia. It includes:
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; and
additional disclosures required under AASB 1054
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; and
Identify additional Australian disclosures required under AASB 1054.
Audience
This workshop is specifically designed for accounting and finance professionals who are involved in external reporting and financial accounting for companies in Australia.
Details
108023248
2 hours
English
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