Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p23
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 66906–70398

areas of its activities that the entity considers to be most relevant to an understanding of its financial performance and financial position, such as grouping together information about particular operating activities;
           2.                    grouping together information about items measured similarly such as assets measured at fair value; or
           3.                    following the order of the line items in the statement(s) of profit or loss and other comprehensive income and the statement of financial position, such as:
                1.                      statement of compliance with Australian Accounting Standards – Simplified Disclosures (see paragraph 10);
                2.                    material accounting policy information (see paragraph 95);
                3.                  supporting information for items presented in the statements of financial position and in the statement(s) of profit or loss and other comprehensive income, and in the statements of changes in equity and of cash flows, in the order in which each statement and each line item is presented; and
                4.                  other disclosures, including:
                     1.                    contingent liabilities (see paragraph 154) and unrecognised contractual commitments; and
                     2.                    non-financial disclosures.
          [Based on IFRS for SMEs Standard paragraph 8.4]

      1.                     An entity may present notes providing information about the basis of preparation of the financial statements and specific accounting policies as a separate section of the financial statements.

Disclosure of accounting policy information
      1.                     An entity shall disclose material accounting policy information (see Appendix A). Accounting policy information is material if, when considered together with other information included in an entity's financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements.
          [Based on IFRS for SMEs Standard paragraph 8.5]

Information about judgements
      1.                     An entity shall disclose, in the material accounting policy information or other notes, the judgements, apart from those involving estimations (see paragraph 97), that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. [Based on IFRS for SMEs Standard paragraph 8.6]

Information about key sources of estimation uncertainty
      1.                     An entity shall disclose in the notes information about the key assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. In respect of those assets and liabilities, the notes shall include details of:
 1.       their nature; and
           2.                    their carrying amount as at the end of the reporting period.
          [IFRS for SMEs Standard paragraph 8.7]

Audit fees
      1.                     An entity shall disclose fees to each auditor or reviewer, including any network firm, separately for:
           1.                    the audit or review of the