AASB 121 - The Effects of Changes in Foreign Exchange Rates - July 2004
Reduced Disclosure RequirementsReduced Disclosure Requirements
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Reduced Disclosure Requirements
Aus2.8 Paragraphs 55-57 of this Standard do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements. Entities applying Australian Accounting Standards – Reduced Disclosure Requirements may elect to comply with some or all of these excluded requirements.
Aus2.9 The requirements that do not apply to entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements are identified in this Standard by shading of the relevant text.