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AASB 101 - Presentation of Financial Statements - October 2006
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Objective
- The objective of this Standard is to prescribe the basis for presentation of general purpose financial reports, to ensure comparability both with the entity’s financial reports of previous periods and with the financial reports of other entities. To achieve this objective, this Standard sets out overall requirements for the presentation of financial reports, guidelines for their structure and minimum requirements for their content. The recognition, measurement and disclosure of specific transactions and other events are dealt with in other Australian Accounting Standards.