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AASB 118 - Revenue
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Summary 
Developments, Key Differences & History 
Compared to IFRS 
Interpretations 
Rejection Notices 
Questions & Answers 
Articles 
AASB website 

 
Additions 
Aus 1.1 
Which entities AASB 118 applies to, i.e. reporting entities and general purpose financial reports. 
 
Aus 1.2 
The application date of AASB 118, i.e. annual reporting periods beginning 1 January 2005. 
 
Aus 1.3 
Prohibits early application of AASB 118. 
 
Aus 1.4 
Makes the requirements of AASB 118 subject to AASB 1031 Materiality. 
 
Aus 1.5 
Explains which Australian Standards have been superseded by AASB 118.  
 
Aus 1.6 
Clarifies that the superseded Australian Standards remain in force until AASB 118 applies. 
 
Aus 1.7  
Notice of the new Standard published on 22 July 2004.  
 
Deletions  
2  
Reference to superseded IAS 18.  
 
37  
Effective date of IAS 18.