AASB 130 - Disclosure in the Financial Statements of Banks and Similar Financial Institutions - July 2004
CONTENTSCONTENTS
Start here
Get a plain-English read of CONTENTS
Turn the raw legal text into a practical explanation grounded in AASB 130 - Disclosure in the Financial Statements of Banks and Similar Financial Institutions - July 2004.
CONTENTS
COMPILATION DETAILS
Comparison With International Pronouncements
Accounting Standard
AASB 130 Disclosures in the Financial Statements of Banks and Similar Financial Institutions
Paragraphs
Application Aus1.1 – Aus1.9
Scope 2 – 4
Background 6 – 7
Accounting Policies 8
Income Statement 9 – 17
Balance Sheet 18 – 25
Contingencies and Commitments Including
Off Balance Sheet Items 26 – 29
Maturities of Assets and Liabilities 30 – 39
Concentrations of Assets, Liabilities and
Off Balance Sheet Items 40 – 42
Losses on Loans and Advances 43 – 49
General Banking Risks 50 – 52
Assets Pledged as Security 53 – 54
Trust Activities 55
Related Party Transactions 56 – 58
Australian Accounting Standard AASB 130 Disclosures in the Financial Statements of Banks and Similar Financial Institutions (as amended) is set out in paragraphs Aus1.1 – 58. All the paragraphs have equal authority. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 130 is to be read in the context of other Australian Accounting Standards, including AASB 1048 Interpretation and Application of Standards, which identifies the Australian Accounting Interpretations. 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.