AASB 110 - Events after the Balance Sheet Date

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AASB 110 - Events after the Balance Sheet Date

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

Developments

AASB Developments

July 2008
AASB 2008-5 Amendments to Australian Accounting Standards arising from Annual Improvements Project amends paragraph 13 and is applicable from 1 January 2009, with early application permitted.

December 2007
AASB 2007-10 Further Amendments to Australian Accounting Standards arising from AASB 101 makes further consequential amendments to change the term ‘general purpose financial report’ to ‘general purpose financial statements’ and the term ‘financial report’ to ‘financial statements’ to better align with IFRS terminology. It is applicable from 1 January 2009, with early application permitted, provided the revised AASB 101 is also early adopted.

History

July 2004: AASB 110 was issued.

April 2007: AASB 2007-4 amends paragraph 20 and deletes paragraph Aus6.1. It is applicable from 1 July 2007, with early adoption permitted.

September 2007: AASB 2007-8 was issued and makes amendments arising from the issuance of the revised AASB 101. It is applicable from 1 January 2009, with early adoption permitted from 1 January 2005, provided the revised AASB 101 is also early adopted.

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.