AASB 108 - Accounting Policies, Changes in Accounting Estimates and Errors - July 2004
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Application
Aus2.1 This Standard applies to:
(a) each entity that is required to prepare financial reports in accordance with Part 2M.3 of the Corporations Act;
(b) general purpose financial statements of each reporting entity; and
(c) financial statements that are, or are held out to be, general purpose financial statements.
Aus2.2 This Standard applies to annual reporting periods beginning on or after 1 January 2005.
[Note: For application dates of paragraphs changed or added by an amending Standard, see Compilation Details.]
Aus2.3 This Standard shall not be applied to annual reporting periods beginning before 1 January 2005.
Aus2.4 [Deleted by the AASB]
Aus2.5 When applicable, this Standard supersedes:
(a) AASB 1001 Accounting Policies as notified in the Commonwealth of Australia Gazette No S 130, 26 March 1999;
(b) AAS 6 Accounting Policies as issued in March 1999; and
(c) AASB 1031 Materiality as issued in December 2013.
Aus2.6 AASB 1001, AAS 6 and AASB 1031 remain applicable until superseded by this Standard.
Aus2.7 Notice of this Standard was published in the Commonwealth of Australia Gazette No S 294, 22 July 2004.
Aus2.8 [Deleted by the AASB]