Explanatory Guides

For-profit Not-for-profit Public Sector

This explanatory material has no legal status.

For-profit (FP)

  • EG A1 – Periods beginning on or after 1 Jan 2016 Tier 1, 2, 3 & 4: Application of the Accounting Standards Framework

    Date of issue: Apr 2016
  • EG A1 (FP Entities + PS PBEs + NFPs Update) – 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)

    Date of issue: Feb 2014
  • 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
  • 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
  • EG A2 – Periods beginning on or after 1 Aug 2014 Tier 1, 2, 3 & 4: Overview of the accounting standard setting process

    Date of issue: Aug 2014
  • Table of Differences Differences between Standards for tier 1 for-profit entities and tier 1 public benefit entities

    Date of issue: Mar 2014
  • IFRS Practice Statement Management commentary

Not-for-profit (NFP)

  • EG A1 – Periods beginning on or after 1 Jan 2016 Tier 1, 2, 3 & 4: Application of the Accounting Standards Framework

    Date of issue: Apr 2016
  • EG A1 (FP Entities + PS PBEs + NFPs Update) – 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)

    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
  • EG A2 – Periods beginning on or after 1 Aug 2014 Tier 1, 2, 3 & 4: Overview of the accounting standard setting process

    Date of issue: Aug 2014
  • EG A5 – Periods beginning on or after 1 Apr 2015 Tier 3: Optional template and associated guidance notes for applying public benefit entity simple format reporting - accrual (not-for-profit)

    Date of issue: Sep 2014
  • EG A6 – Periods beginning on or after 1 Apr 2015 Tier 4: Optional template and associated guidance notes for applying public benefit entity simple format reporting - cash (not-for profit)

  • EG A7 – Periods beginning on or after 1 Apr 2015 Tier 1 & 2: Materiality for public benefit entities

    Date of issue: May 2014
  • EG A8 – Periods beginning on or after 1 Apr 2015 Tier 1, 2, 3 & 4: Financial reporting by not-for-profit entities: The Reporting Entity

    Date of issue: Oct 2014
  • EG A9 – Periods beginning on or after 1 Apr 2015 Tier 1, 2 & 3: Financial reporting by not-for-profit entities: identifying relationships for financial reporting purposes

    Date of issue: Oct 2014
  • Table of Differences Differences between Standards for tier 1 for-profit entities and tier 1 public benefit entities

    Date of issue: Mar 2014

Public sector (PS)

  • EG A1 – Periods beginning on or after 1 Jan 2016 Tier 1, 2, 3 & 4: Application of the Accounting Standards Framework

    Date of issue: Apr 2016
  • EG A1 (FP Entities + PS PBEs + NFPs Update) – 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)

    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
  • EG A2 – Periods beginning on or after 1 Aug 2014 Tier 1, 2, 3 & 4: Overview of the accounting standard setting process

    Date of issue: Aug 2014
  • EG A3 – Periods beginning on or after 1 Jul 2014 Tier 3: Optional template and associated guidance notes for applying public benefit entity simple format reporting - accrual (public sector)

    Date of issue: Nov 2013
  • EG A4 Tier 4: Optional template and associated guidance notes for applying public benefit entity simple format reporting - cash (public sector)

    Date of issue: Nov 2013
  • EG A7 – Periods beginning on or after 1 Apr 2015 Tier 1 & 2: Materiality for public benefit entities

    Date of issue: May 2014
  • Table of Differences Differences between Standards for tier 1 for-profit entities and tier 1 public benefit entities

    Date of issue: Mar 2014
  • Impact Assessment Tier 1 & 2: Public benefit entity standards impact assessment for public sector PBEs

    Date of issue: Nov 2013
  • IPSASB RPG 1 Tier 1 & 2: Reporting on the long-term sustainability of an entity's finances

  • IPSASB RPG 2 Tier 1 & 2: Financial statement discussion and analysis