XRB A1 Application of the Accounting Standards Framework

  • For-profit
  • Not-for-profit
  • Public Sector

Sets down the accounting standards framework for for-profit and public benefit entities (both not-for-profit and public sector entities) 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 1 Jan 2016

    Date of issue: Dec 2015 Date compiled to: 20 Dec 2017

Amendments

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

    Date of issue: Nov 2017
  • 2016 Omnibus Amendments to PBE Standards – This version is effective for reporting periods beginning 1 Jan 2017

    Date of issue: Jan 2017

Previous Versions

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

    Date of issue: Dec 2015
  • XRB A1 (FP Entities + PS PBE Update) – This version is effective for reporting periods beginning 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 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
  • XRB A1 (FP Entities + PS PBEs + NFPs - FP T3 + T4 Update) – This version is effective for reporting periods beginning 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

Amendments to PBE Standards as a Consequence of XRB A1

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

    Date of issue: Dec 2015