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

 
Developments 
    AASB Developments 
    In September 2007, a revised AASB 101 was issued, applicable from 1 January 2009, with early adoption permitted from 1 January 2005. Click here for a summary of the requirements of the revised AASB 101.
Key Differences 
For differences between AASB 101 and the revised AASB 101 (issued in September 2007), click here (pdf). 
 
History 
  • July 2004: AASB 101 was issued.
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  • October 2006: AASB 101 is amended to be more aligned with IAS 1.
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  • June 2007: AASB 2007-6 Amendments to Australian Accounting Standards arising from AASB 123 was issued and applies from 1 January 2009, with early adoption permitted, provided AASB 123 (reissued in June 2007) is also adopted.
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  • July 2007: Erratum amends paragraph 110, and is applicable from 1 July 2007.
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  • December 2007: AASB 2007-9 Amendments to Australian Accounting Standards arising from the Review of AAS 27, AAS 29 and AAS 31 amends paragraph Aus14.2, and applies from 1 July 2008, with early adoption permitted.
Compiled Standards 
A list of the omnibus amending standards that have affected this standard since its release are included here as is the date when the relevant changes become operative.  
 
Omnibus amending standards are available on the AASB website as are compiled standards incorporating omnibus amendments as soon as they are completed by the AASB. Details of the changes made by each omnibus are summarised in ANT and Charter’s "The Panel" as they are released. For a quick overview of the new material applying at 30 June 2008 click here.