Document ID: chunk:federal_register_of_legislation:F2023C00436:body:0:p2
Version: federal_register_of_legislation:F2023C00436
Segment Type: other
Provision Reference: 
Character Range: 3099–6142

(paragraphs 69(a), 69(c) and 69(d)) 76A
Information to be presented either in the statement of financial position or in the notes 77
Statement of profit or loss and other comprehensive income 81A
Information to be presented in the profit or loss section or the statement of profit or loss 82
Information to be presented in the other comprehensive income section 82A
Profit or loss for the period 88
Other comprehensive income for the period 90
Information to be presented in the statement(s) of profit or loss and other comprehensive income or in the notes97
Statement of changes in equity
Information to be presented in the statement of changes in equity 106
Information to be presented in the statement of changes in equity or in the notes 106A
Statement of cash flows 111
Notes
Structure 112
Disclosure of accounting policies 117
Sources of estimation uncertainty 125
Capital 134
Puttable financial instruments classified as equity 136A
Other disclosures 137
Transition and effective date 139
Withdrawal of IAS 1 (revised 2003)
Commencement of the legislative instrument
Withdrawal of AASB pronouncements Aus140.2
Appendices
A  Australian defined terms
B  Australian simplified disclosures for Tier 2 entities
COMPILATION DETAILS
Deleted IAS 1 Text

AVailable on the AASB website
Implementation guidance on IAS 1
Basis for Conclusions on IAS 1

Australian Accounting Standard AASB 101 Presentation of Financial Statements (as amended) is set out in paragraphs 1 – Aus140.2 and Appendices A and B.  All the paragraphs have equal authority.  Paragraphs in bold type state the main principles.  AASB 101 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations, and AASB 1057 Application of Australian Accounting Standards.  In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.

Comparison with IAS 1
AASB 101 Presentation of Financial Statements as amended incorporates IAS 1 Presentation of Financial Statements as issued and amended by the International Accounting Standards Board (IASB).  Australian‑specific paragraphs (which are not included in IAS 1) are identified with the prefix "Aus".  Paragraphs that apply only to not-for-profit entities begin by identifying their limited applicability.

Tier 1
For-profit entities complying with AASB 101 also comply with IAS 1.
Not-for-profit entities' compliance with IAS 1 will depend on whether any "Aus" paragraphs that specifically apply to not-for-profit entities provide additional guidance or contain applicable requirements that are inconsistent with IAS 1.
AASB 1053 Application of Tiers of Australian Accounting Standards explains the two tiers of reporting requirements.

Accounting Standard AASB 101

The Australian Accounting Standards Board made Accounting Standard AASB 101 Presentation of Financial Statements under section 334