AASB 101 Presentation of Financial Statements
Notes – AASB 101 Presentation of Financial Statements

AASB 101 Presentation of Financial Statements 125-133: Disclose sources of estimation uncertainty

What does 125-133 require?

Where assumptions about the future, or anything else about an estimate that is genuinely uncertain as of the reporting date, carry a real risk of forcing a material change to an asset's or liability's carrying amount within the following financial year, the entity discloses the nature of that assumption or uncertainty and details of the asset or liability affected, such as its carrying amount, the assumptions applied, and a sensitivity indication where that is practicable to give.

Maintained by Gerard Blokdyk

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