2006 model annual reports under A-IFRSs
27 Oct 2006
Deloitte (Australia) has published Consolidated Model Annual Reports for 2006 under Australian equivalents of IFRSs.
Key highlights in this edition include:
- illustrative AASB 7 disclosures (equivalent to IFRS 7) are included for early adopters of AASB 7. Like IFRS 7, AASB 7 is effective 1 January 2007. Three of the Top 50 ASX listed entities adopted AASB 7 in their first A-IFRS annual report;
- illustrative disclosures of the impacts of accounting pronouncements that must be applied for the first time. Key changes that may affect you include the revised rules on fair value through profit and loss for financial instruments, financial guarantee contracts, and business combinations involving entities under common control;
- illustrative wording of the impacts of accounting pronouncements that are not yet effective, to assist you in considering the extent of the impacts of these pronouncements on your organisation; and
- revamped income tax and tax consolidation disclosures to assist you with the preparation of your organisation's income tax disclosures.
- expanded illustrative business combination disclosures to cover such matters as where the initial accounting can be only provisionally determined and potential intangible assets not separately recognised from goodwill.
- example accounting policies appropriate for mining entities.
- an illustrative Statement of Changes in Equity.
|
Consolidated Model Annual Report for 2006 under Australian-IFRSs | |
|---|---|
|
|
|
