AASB definition
Examples of AASB in a sentence
The 2019-20 Service Agreement incorrectly treated the AASB 16 – Lease, Borrowing Cost allocations as a Financial Product (i.e. non-cash).
Depreciation has the same meaning as it has in Australian Accounting Standard AASB 116 Property, Plant and Equipment.
As the AASB 16 – Lease, Borrowing Costs are no longer treated as a Financial Product there are minor adjustments to OBM 01-11 and HAA (also reflected in OBM and HAA Schedules).
This was corrected in the 2019-20 MYR DOA, with the AASB 16 – Lease, Borrowing Costs treated as a Health Allocation Adjustment (HAA) (i.e. cash).
This has been corrected in the MYR DOA, with the AASB 16 – Lease, Borrowing Costs treated as a Health Allocation Adjustment (HAA) (i.e. cash).
As the AASB 16 – Lease, Borrowing Costs are no longer treated as a Financial Product there are minor changes to OBM Schedules 01-09 as well as the HAA item in the Summary Schedule and the HAA Schedule.
The 2020-21 budget also reflects changes arising from the implementation of the Australian Accounting Standard (AASB 16) relating to leases.
The Australian Financial Statements have been prepared in accordance with AASB Standards.
AASB 112 and UIG Interpretation 1052 Under Australian Accounting Standards Board (AASB) 112 ‘Income Taxes’, the head entity and each contributing member in a tax consolidated group are required to account for the current and future tax consequences of its assets and liabilities.
AASB will also work closely with schools to collect annual school climate and family surveys in each community to understand the progress of the Promise Neighborhoods grant.