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AASB 1039 Concise Financial Reports

What is AASB 1039 Concise Financial Reports?

The Australian standard for the concise financial report a company, scheme or disclosing entity may send members instead of the full financial report: everything derived from the audited report on the same policies, the four primary statements unchanged, discussion and analysis for unlisted entities, the specific disclosures (segments, revenue, dividends, earnings per share, currency, subsequent events, policy changes, first-time adoption, going concern), comparatives and the first-page advice that the full report is available free on request. It comprises 12 controls organised across 3 domains, and applies in Australia.

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What is AASB 1039 Concise Financial Reports?
The Australian standard for the concise financial report a company, scheme or disclosing entity may send members instead of the full financial report: everything derived from the audited report on the same policies, the four primary statements unchanged, discussion and analysis for unlisted entities, the specific disclosures (segments, revenue, dividends, earnings per share, currency, subsequent events, policy changes, first-time adoption, going concern), comparatives and the first-page advice that the full report is available free on request.
How many controls does AASB 1039 Concise Financial Reports have?
AASB 1039 Concise Financial Reports contains 12 controls organized across 3 domains.
Where does AASB 1039 Concise Financial Reports apply?
AASB 1039 Concise Financial Reports applies in Australia. Organizations operating in or serving customers in this jurisdiction should check whether its requirements reach them.
Which version of AASB 1039 Concise Financial Reports is covered here?
This page covers Compiled AASB 1039 (Compilation No. 6, F2022C00529 registered 5 May 2022, amendments to 20 December 2021, applying to annual reporting periods beginning on or after 1 January 2022); AASB 2026-4 (paragraph 21 wording, from 2027) held but not compiled, recorded as a content_note.

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Written and maintained by Gerard Blokdyk, The Art of Service.Last updated .