30 Jun. 2009
The Australian Accounting Standards Board (AASB) and the Financial Reporting Standards Board (FRSB) of the Institute of Chartered Accountants of New Zealand (NZICA) have released a joint Exposure Draft (ED) on reporting income from non-exchange transactions.... Read more
20 May. 2009
The way superannuation plans and approved deposit funds (ADFs) report financial results may change, as the result of proposals in ED 179 Superannuation Plans and Approved Deposit Funds.... Read more
6 Apr. 2009
Not-for-profit and public benefit entities that operate on either side of the Tasman are a step closer to seeing financial reporting standards in Australia and New Zealand converge.... Read more
2 Apr. 2009
The AASB has made a submission to the IASB, on Exposure Draft ED 10 Consolidated Financial Statements, outlining that the IASB needs to further consider the consolidation issues to ensure that a single consolidations standard is developed with a cohesive and comprehensive concept of control that can be applied consistently to all types of entities.... Read more
16 Feb. 2009
Employer sponsors of defined benefit superannuation plans may need to alter the way they measure the amounts they recognise in financial statements for defined benefit plans, if proposed changes are approved of AASB Proposed Interpretation 10XX Australian Superannuation Contributions Tax for Defined Benefit Plans.... Read more
13 Feb. 2009
The AASB invites comment on Proposed Interpretation Australian Superannuation Contributions Tax for Defined Benefit Plans.... Read more
12 Feb. 2009
The AASB is now seeking applicants for the 2010 Graduate Intern Program. Applications close 24 April 2009... Read more
14 Jan. 2009
AASB moves a step closer to completing GAAP/GFS Harmonisation... Read more
1 Dec. 2008
The Australian Accounting Standards Board has issued AASB 2008-11 Amendments to Australian Accounting Standard – Business Combinations Among Not-for-Profit Entities [AASB 3], which has the effect of requiring assets acquired in a merger of not-for-profit entities to be re-measured, normally at fair value, as at the date of the merger... Read more
31 Oct. 2008
The inconsistent accounting treatments for particular types of intangible assets are addressed in a discussion paper released today by the Office of the Australian Accounting Standards Board (AASB) for comment by 15 May 2009.... Read more
22 Oct. 2008
AASB takes urgent action to assist with reclassifications of financial assets... Read more
3 Oct. 2008
The Australian Accounting Standards Board (AASB) has developed a revolutionary electronic solution, accessible via the AASB website, which enables users to identify and locate the accounting pronouncements (standards, interpretations and conceptual framework) relevant to their particular financial reporting period.
... Read more
23 Jul. 2008
The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB) are launching new websites, featuring new branding, simplified navigation and an electronic solution enabling users to locate and tailor the standards relevant to their particular financial reporting period.... Read more
6 Jun. 2008
Disclosing entities that are companies (listed or unlisted) will continue to only disclose the remuneration of key management personnel in their director's report, and will not be required to duplicate the information in financial reports. This is a result of the release today of AASB 2008-4 Amendments to Australian Accounting Standard - Key Management Personnel Disclosures by Disclosing Entities, which amends AASB 124 Related Party Disclosures.... Read more
24 Apr. 2008
The Australian Accounting Standards Board (AASB) has issued ITC 16 to invite comments on an International Public Sector Accounting Standards Board (IPSASB) Consultation Paper regarding Service Concession Arrangements. ITC 16 outlines proposals for the accounting by public sector organisations for the infrastructure created by private sector organisations.... Read more
26 Mar. 2008
The AASB has issued a revised version of AASB 3 Business Combinations, which clarifies some of the accounting requirements for mergers and acquisitions.... Read more