Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p26
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 76386–79823

in an accounting estimate and the effect of the change on assets, liabilities, income and expense for the current period. If it is practicable for the entity to estimate the effect of the change in one or more future periods, the entity shall disclose those estimates. [IFRS for SMEs Standard paragraph 10.18]

Disclosure of prior period errors
      1.                  An entity shall disclose the following about prior period errors:
           1.                    the nature of the prior period error;
           2.                    for each prior period presented, to the extent practicable, the amount of the correction for each financial statement line item affected;
           3.                    to the extent practicable, the amount of the correction at the beginning of the earliest prior period presented; and
           4.                    an explanation if it is not practicable to determine the amounts to be disclosed in (b) or (c).
     Financial statements of subsequent periods need not repeat these disclosures.

     [IFRS for SMEs Standard paragraph 10.23]

Basic Financial Instruments[10]
      1.                  The disclosures required in this Section apply to all financial instruments within the scope of AASB 9. In addition, if the entity uses hedge accounting, it shall make the additional disclosures in paragraphs 120–122.

Disclosure of accounting policies for financial instruments
      1.                  In accordance with paragraph 95, an entity shall disclose material accounting policy information. Information about the measurement basis (or bases) for financial instruments used in preparing the financial statements is expected to be material accounting policy information. [Based on IFRS for SMEs Standard paragraph 11.40]

Statement of financial position—categories of financial assets and financial liabilities
      1.                  An entity shall disclose the carrying amounts of each of the following categories of financial assets and financial liabilities at the reporting date, in total, either in the statement of financial position or in the notes:
           1.                    financial assets measured at fair value through profit or loss;
           2.                    financial assets measured at amortised cost;
           3.                    financial liabilities measured at fair value through profit or loss;
           4.                    financial liabilities measured at amortised cost; and
           5.                    financial assets measured at fair value through other comprehensive income, showing separately:
                1.                      financial assets that are measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A of AASB 9; and
                2.                    investments in equity instruments designated as such upon initial recognition in accordance with paragraph 5.7.5 of AASB 9.
[Based on IFRS for SMEs Standard paragraph 11.41]

      1.                  An entity shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance. For example, for long-term debt such information would normally include the terms and conditions of the debt instrument (such as interest rate, maturity, repayment schedule, and restrictions that the debt instrument imposes on the