CTHRepealedLegislation
AASB 1 - First-time Adoption of Australian Accounting Standards - May 2009
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AASB 1 - First-time Adoption of Australian Accounting Standards - May 2009
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Turn the raw legal text into a practical explanation grounded in AASB 1 - First-time Adoption of Australian Accounting Standards - May 2009.
6 An entity shall prepare and present an opening Australian-Accounting-Standards statement of financial position at the date of transition to Australian Accounting Standards. This is the starting point for its accounting in accordance with Australian Accounting Standards.