Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p82
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 220216–223091

by paragraph 13C(c)provides more relevant information, it must reconcile those the aggregated or disaggregated amounts disclosed in paragraph 13C(c) back to the individual line item amounts presented in the statement of financial position.

A footnote is added to 'AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors' in paragraph 44AA. New text is underlined.

  1 When it issued AASB 18, the AASB changed the title of AASB 108 to Basis of Preparation of Financial Statements.

A footnote is added to 'AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors.' in paragraph 44FF. New text is underlined.

  2 When it issued AASB 18, the AASB changed the title of AASB 108.

A footnote is added to the end of paragraph 44II. New text is underlined.

  3 When it issued AASB 18, the AASB carried over the requirements to disclose material accounting policy information in AASB 101 to AASB 108.

AASB 8 Operating Segments (August 2015)
Paragraph 23 is amended and paragraph 36D is added. New text is underlined and deleted text is struck through.

Disclosure
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Information about profit or loss, assets and liabilities
23 An entity shall report a measure of profit or loss for each reportable segment. An entity shall report a measure of total assets and liabilities for each reportable segment if such amounts are regularly provided to the chief operating decision maker. An entity shall also disclose the following about each reportable segment if the specified amounts are included in the measure of segment profit or loss reviewed by the chief operating decision maker, or are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss:
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(f) material items of income and expense disclosed in accordance with paragraph 42 of AASB 18 Presentation and Disclosure in Financial Statementsparagraph 97 of AASB 101 Presentation of Financial Statements;
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Transition and effective date
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36D AASB 18 issued in June 2024 amended paragraph 23. An entity shall apply those amendments when it applies AASB 18.

AASB 9 Financial Instruments (December 2014)
Paragraphs 5.6.5, 5.6.7, 5.7.10, 6.5.11, 6.5.12, 6.5.14, 6.5.15, 6.7.2 and B4.1.2A are amended and paragraph 7.1.11 is added. New text is underlined and deleted text is struck through.

Chapter 5 Measurement
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5.6 Reclassification of financial assets
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5.6.5 If an entity reclassifies a financial asset out of the fair value through other comprehensive income measurement category and into the amortised cost measurement category, the financial asset is reclassified at its fair value at the reclassification date. However, the cumulative gain or loss previously recognised in other comprehensive income is removed from equity and adjusted against the fair value of the financial asset at