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. |