Future impact of Accounting Standards

Accountants Enterprise in Australia only

The Change In Accounting Policy Note AAS Standards has been created for all reporting entities and large non-reporting entities, with this additional format printing under the Change in Accounting Policy Note main heading. This will disclose any Australian Accounting Standards that are issued and/or not yet effective but will impact the entity in the future.

The following Database Map table and fields enables you to:

  • toggle the display of this information in the compliance reports

  • change the details relating to the standard

  • add additional Australian Accounting Standards as they become known.

 

Database Map field

 

Description

DB.Notes.AccountingStandards.AASBStandardsIssued

NewAmendedStandard

Yes/No

Select Yes if this item is a new standard/amendment.

AASBAmendment

Text

Set details of the amendment in AASB notation, e.g., 2004-1.

AASBStandardText

Text

Set details of the standard in AASB notation, e.g., AASB 141: Agriculture.

ApplicableToEntity

Yes/No

Select Yes if this item will be applicable to the entity in the future.

NatureOfChangeAndImpact

Text

Set the expected change to the entity in the future as a result of this amendment.

ApplicationDateOfStandard

Text

Set the date the standard/amendment becomes operative.

ApplicationDateForEntity

Text

Set the date the standard/amendment starts to apply to this entity.