AASB 18 Presentation and Disclosure in Financial Statements
Objective, scope and general requirements for financial statements (paragraphs 1 to 40) – AASB 18 Presentation and Disclosure in Financial Statements

AASB 18 Presentation and Disclosure in Financial Statements 28-29: Report at least annually and explain any period that is longer or shorter than a year

What does 28-29 require?

A complete set of financial statements must be provided at least once a year. When the period end changes and the statements cover more or less than twelve months, the entity must disclose, besides the period covered, the reason for the different length and the fact that the amounts are not fully comparable. A consistent 52 week year is acceptable.

Maintained by Gerard Blokdyk

Other controls in Objective, scope and general requirements for financial statements (paragraphs 1 to 40) – AASB 18 Presentation and Disclosure in Financial Statements

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