XRB A1

Application of the Accounting Standards Framework

Sets down the accounting standards framework for for-profit and public benefit entities (both not-for-profit and public sector entities) that are required, or opting, to prepare general purpose financial reports.

It establishes the:

  1. financial reporting tiers;
  2. criteria for each financial reporting tier;
  3. accounting standards and authoritative notices that apply to each tier; and
  4. requirements for an entity to move from one tier to another tier. 
  • XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2020 (early adoption permitted)

    Date of issue: Dec 2015

    Date compiled to: 9 May 2019

  • 2019 Amendments to XRB A1 Appendix A – This version is effective for reporting periods beginning on or after
    1 Jan 2020 (early adoption permitted) When is an entity a Public Benefit Entity?

    Date of issue: May 2019

  • XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2016

    Date of issue: Dec 2015

    Date compiled to: 20 Dec 2017

  • 2017 Amendments to XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2018

    Date of issue: Nov 2017

  • 2016 Omnibus Amendments to PBE Standards – This version is effective for reporting periods beginning on or after
    1 Jan 2017

    Date of issue: Jan 2017

  • XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2016

    Date of issue: Dec 2015

  • Consequential amendments from XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2016 Amendments to PBE Standards as a Consequence of XRB A1 and Other Amendments

    Date of issue: Dec 2015

  • Consequential amendments from XRB A1 Amendments to For-profit Accounting Standards as a Consequence of XRB A1 and Other Amendments

    Date of issue: Dec 2015

  • XRB A1 (FP Entities + PS PBEs + NFPs - FP T3 + T4 Update) – This version is effective for reporting periods beginning on or after
    1 Apr 2015 (For-profit Entities plus Public Sector Public Benefit Entities plus Not-for-profit Entities minus For-profit Tier 3 and Tier 4 Update)

    Date of issue: Mar 2015

  • XRB A1 (FP Entities + PS PBE Update) – This version is effective for reporting periods beginning on or after
    1 Jul 2014 (For-profit Entities plus Public Sector Public Benefit Entities)

    Date of issue: May 2013

    Date compiled to: 31 Mar 2014

  • XRB A1 (FP Entities + PS PBEs + NFPs Update) – This version is effective for reporting periods beginning on or after
    1 Apr 2015 (For-profit Entities plus Public Sector Public Benefit Entities plus Not-for-profit Entities Update)

    Date of issue: Nov 2013

    Date compiled to: 31 Mar 2014

  • Amendments to XRB A1 Accounting Standards Framework: Omnibus Amendments (Legislative Update) Compiled to relevant standards

    Date of issue: Feb 2014

  • 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)

    Date of issue: Feb 2014

  • XRB A1 - Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities plus Not-For-Profit Entities Update) Replaced by XRB A1 compiled to 31 Mar 2014

    Date of issue: Nov 2013

  • XRB A1 - Accounting Standards Framework (For-Profit Entities plus Public Sector Public Benefit Entities Update) Replaced by XRB A1 compiled to 31 Mar 2014

    Date of issue: May 2013

  • XRB A1 - Accounting Standards Framework (For-profit Entities Update) Replaced by XRB A1 compiled to 31 Mar 2014

    Date of issue: Dec 2012

  • EG A1 (FP Entities Update) – Periods beginning on or after
    1 Dec 2012 Tier 1 & 2: Accounting Standards Framework (for-profit entities update)

    Date of issue: Nov 2012

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