CTHRepealedLegislation
AASB 117 - Leases - July 2004
Comparison with IAS 17Comparison with IAS 17
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Comparison with IAS 17
AASB 117 and IAS 17
AASB 117 Leases as amended incorporates IAS 17 Leases as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 17) are identified with the prefix “Aus”, followed by the number of the preceding IASB paragraph and decimal numbering.
Compliance with IAS 17
Entities that comply with AASB 117 as amended will simultaneously be in compliance with IAS 17 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.