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AASB Conceptual Framework for Financial Reporting (May 2019)

What is AASB Conceptual Framework for Financial Reporting (May 2019)?

The AASB's adoption of the IASB Conceptual Framework: the objective of general purpose financial reporting, the qualitative characteristics of useful information, the reporting entity, the definitions of assets, liabilities, equity, income and expenses, recognition, derecognition, measurement bases, presentation and disclosure, and capital maintenance, with the Australian application paragraphs. It comprises 19 controls organised across 8 domains, and applies in Australia.

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Where AASB Conceptual Framework for Financial Reporting (May 2019) overlaps with the standards you already hold

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What AASB Conceptual Framework for Financial Reporting (May 2019) means in your sector

AASB Conceptual Framework for Financial Reporting (May 2019) for Healthcare→AASB Conceptual Framework for Financial Reporting (May 2019) for Financial Services→AASB Conceptual Framework for Financial Reporting (May 2019) for Technology→AASB Conceptual Framework for Financial Reporting (May 2019) for Government→AASB Conceptual Framework for Financial Reporting (May 2019) for Manufacturing→AASB Conceptual Framework for Financial Reporting (May 2019) for Energy→AASB Conceptual Framework for Financial Reporting (May 2019) for Retail→AASB Conceptual Framework for Financial Reporting (May 2019) for Education→

What AASB Conceptual Framework for Financial Reporting (May 2019) means for your job

AASB Conceptual Framework for Financial Reporting (May 2019) for CISOs→AASB Conceptual Framework for Financial Reporting (May 2019) for Compliance Officers→AASB Conceptual Framework for Financial Reporting (May 2019) for Risk Managers→AASB Conceptual Framework for Financial Reporting (May 2019) for IT Directors→AASB Conceptual Framework for Financial Reporting (May 2019) for DPOs→AASB Conceptual Framework for Financial Reporting (May 2019) for Auditors→

Questions people ask about AASB Conceptual Framework for Financial Reporting (May 2019)

What is AASB Conceptual Framework for Financial Reporting (May 2019)?
The AASB's adoption of the IASB Conceptual Framework: the objective of general purpose financial reporting, the qualitative characteristics of useful information, the reporting entity, the definitions of assets, liabilities, equity, income and expenses, recognition, derecognition, measurement bases, presentation and disclosure, and capital maintenance, with the Australian application paragraphs.
How many controls does AASB Conceptual Framework for Financial Reporting (May 2019) have?
AASB Conceptual Framework for Financial Reporting (May 2019) contains 19 controls organized across 8 domains.
Where does AASB Conceptual Framework for Financial Reporting (May 2019) apply?
AASB Conceptual Framework for Financial Reporting (May 2019) applies in Australia. Organizations operating in or serving customers in this jurisdiction should check whether its requirements reach them.
Which version of AASB Conceptual Framework for Financial Reporting (May 2019) is covered here?
This page covers May 2019 (incorporating the IASB Conceptual Framework of March 2018; applies to periods beginning on or after 1 January 2020 for Aus1.1 entities).

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AASB Conceptual Framework for Financial Reporting (May 2019), its 19 controls and every mapping into other standards are available over a REST endpoint and an MCP server, so an agent can read them directly. The free tier is 10 calls a day and needs no signup.

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