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AASB 101 - Presentation of Financial Statements (Revised)
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Summary 
Developments, Key Differences & History 
Compared to IFRS 
Interpretations 
Rejection Notices 
Questions & Answers 
Articles 
AASB website 

 
AASB 101 compared to IAS 1 
 
Additions 
Aus 1.1  
Which entities AASB 101 applies to, ie. reporting entities and general purpose financial reports.  
 
Aus 1.2  
The application date of AASB 101, ie. annual reporting periods beginning 1 January 2005.  
 
Aus 1.3  
Prohibits early application of AASB 101. 
 
Aus 1.4  
Makes the requirements of AASB 101 subject to AASB 1031 ‘Materiality’.  
 
Aus 1.5  
Explains which Australian Standards have been superseded by AASB 101.  
 
Aus 1.6  
Clarifies that the superseded Australian Standards remain in force until AASB 101 applies.  
 
Aus 1.7  
Notice of the new Standard published on 22 July 2004.  
 
Deletions 
93  
Transitional provisions for first time application of IAS 37.  
 
95  
Effective date of IAS 37.