Examples of Australian Accounting Standards in a sentence
An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
Summary of Accounting PoliciesBasis of preparation Statement of complianceThe interim financial report has been prepared in accordance with the Corporations Act 2001 and the Australian Accounting Standards Board (AASB) 134: Interim Financial Reporting.
Australian Accounting Standards set out accounting policies that the Australian Accounting Standards Board has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions.
ImpairmentEach year Benetas reviews the carrying value of its tangible and intangible assets to determine whether there is any indication those assets have been impaired as requiredby Australian Accounting Standards.
Complying with Australian Accounting Standards AASB 134: Interim Financial Reporting and the Corporations Regulations 2001.