AASB 1048 - Interpretation and Application of Standards - June 2005
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CONTENTS
Preface
Comparison With International Pronouncements
Accounting Standard
AASB 1048 Interpretation and Application of Standards
Paragraphs
Objective 1
Application 2 – 7
Scope 8 – 9
UIG Interpretations corresponding to IASB Interpretations 10
Other UIG Interpretations 11
Australian Accounting Standard AASB 1048 Interpretation and Application of Standards is set out in paragraphs 1 – 11. All the paragraphs have equal authority. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.