Explanatory Guides - old
This explanatory material has no legal status.
For-profit (FP)
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EG A1 (updated Dec 2017) – This version is effective for reporting periods beginning on or after
1 Jan 2016 Tier 1, 2, 3 & 4: Application of the Accounting Standards Framework -
EG A1 (FP Entities + PS PBEs + NFPs Update) – This version is effective for reporting periods beginning on or after
1 Apr 2015 Tier 1, 2, 3 & 4: Accounting Standards Framework (For-profit entities plus public sector public benefit entities plus not-for-profit entities update) -
EG A1 (FP Entities Update) – Periods beginning on or after
1 Dec 2012 Tier 1 & 2: Accounting Standards Framework (for-profit entities update) -
EG A1 (FP Entities + PS PBEs Update) – Periods beginning on or after
1 Jul 2014 Tier 1, 2, 3 & 4: Accounting Standards Framework (for-profit entities plus public sector public benefit entities update) -
EG A2 – This version is effective for reporting periods beginning on or after
1 Aug 2014 Tier 1, 2, 3 & 4: Overview of the accounting standard setting process -
Table of Differences Differences between Standards for tier 1 for-profit entities and tier 1 public benefit entities
Not-for-profit (NFP)
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EG A1 (updated Dec 2017) – This version is effective for reporting periods beginning on or after
1 Jan 2016 Tier 1, 2, 3 & 4: Application of the Accounting Standards Framework -
EG A1 (FP Entities + PS PBEs + NFPs Update) – This version is effective for reporting periods beginning on or after
1 Apr 2015 Tier 1, 2, 3 & 4: Accounting Standards Framework (For-profit entities plus public sector public benefit entities plus not-for-profit entities update) -
EG A1 (FP Entities + PS PBEs Update) – Periods beginning on or after
1 Jul 2014 Tier 1, 2, 3 & 4: Accounting Standards Framework (for-profit entities plus public sector public benefit entities update) -
EG A2 – This version is effective for reporting periods beginning on or after
1 Aug 2014 Tier 1, 2, 3 & 4: Overview of the accounting standard setting process -
EG A5 (Updated Dec 2017) – Periods beginning on or after
1 Jan 2018 Tier 3: Optional template and associated guidance notes for applying public benefit entity simple format reporting - accrual (not-for-profit) -
EG A6 – This version is effective for reporting periods beginning on or after
1 Jan 2018 Tier 4: Optional template and associated guidance notes for applying public benefit entity simple format reporting - Cash (Not-for profit) -
EG A7 – This version is effective for reporting periods beginning on or after
1 Apr 2015 Tier 1 & 2: Materiality for public benefit entities -
EG A8 – Periods beginning on or after
1 Jan 2018 Tier 1, 2, 3 & 4: Financial reporting by not-for-profit entities: The Reporting Entity -
EG A9 – Periods beginning on or after
1 Jan 2018 Tier 1, 2 & 3: Financial reporting by not-for-profit entities: identifying relationships for financial reporting purposes -
Table of Differences Differences between Standards for tier 1 for-profit entities and tier 1 public benefit entities
Public sector (PS)
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EG A1 (updated Dec 2017) – This version is effective for reporting periods beginning on or after
1 Jan 2016 Tier 1, 2, 3 & 4: Application of the Accounting Standards Framework -
EG A1 (FP Entities + PS PBEs + NFPs Update) – This version is effective for reporting periods beginning on or after
1 Apr 2015 Tier 1, 2, 3 & 4: Accounting Standards Framework (For-profit entities plus public sector public benefit entities plus not-for-profit entities update) -
EG A1 (FP Entities + PS PBEs Update) – Periods beginning on or after
1 Jul 2014 Tier 1, 2, 3 & 4: Accounting Standards Framework (for-profit entities plus public sector public benefit entities update) -
EG A2 – This version is effective for reporting periods beginning on or after
1 Aug 2014 Tier 1, 2, 3 & 4: Overview of the accounting standard setting process -
EG A3 – This version is effective for reporting periods beginning on or after
1 Jan 2018 Tier 3: Applying public benefit entity simple format reporting - Accrual (Public Sector) -
EG A4 – This version is effective for reporting periods beginning on or after
1 Jan 2018 Tier 4: Applying public benefit entity simple format reporting - Cash (Public Sector) -
EG A7 – This version is effective for reporting periods beginning on or after
1 Apr 2015 Tier 1 & 2: Materiality for public benefit entities -
Table of Differences Differences between Standards for tier 1 for-profit entities and tier 1 public benefit entities
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Impact Assessment Tier 1 & 2: Public benefit entity standards impact assessment for public sector PBEs
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IPSASB RPG 1 Tier 1 & 2: Reporting on the Long Term Sustainability of an Entity's Finances
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IPSASB RPG 2 Tier 1 & 2: Financial Statement Discussion and Analysis
Not-for-profit FAQs
- Not-for-profit (NFP)
Tiers 1 & 2
Not-for-profit FAQs
- Not-for-profit (NFP)
Tier 3 & 4
Accounting Standards Framework
- For-profit (FP)
- Not-for-profit (NFP)
- Public Sector (PS)
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