Only half the picture?
Article Abstract:
The implications of the release by the Australian Accounting Standards Board (AASB) of the exposure draft ED 129 'Disclosing the Impact of Adopting AASB Equivalents to IASB Standards' are examined. ED129 is expected to ensure that Australian entities make certain disclosures about the expected impacts of changes in accounting policies arising from the transition to Australian International Financial Reporting Pronouncements (AIFRP) in their 30 June 2004 and subsequent financial reports, but critics fear that this could cause problems for the reporting entities.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2004
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Countdown 2005: is the big bang still the right approach?
Article Abstract:
The Financial Reporting Council has passed a decision for Australia to implement international accounting standards for financial years starting on or after 1 January 2005. The question whether all IFRSs should be implemented on 1 January 2005, or the accounting standards should be staggered over a period is discussed.
Publication Name: Australian CPA
Subject: Banking, finance and accounting industries
ISSN: 1440-8880
Year: 2003
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