CTHIn ForceLegislation
Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
Part 3Consistency of treatment — restricting choice available under the AAS
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Part 3—Consistency of treatment – restricting choice available under the AAS
Guide to this Part
The purpose of this Part is to provide consistency in financial reporting across all reporting entities.
Some AAS offer choices of accounting treatment. This Part acts to restrict the choice of accounting treatments available for Commonwealth entities under certain AAS and prescribes the accounting treatment to be applied for those standards. This will result in a consistent approach in financial reporting across the Commonwealth and enable a whole of Government consolidation to proceed.