Workplace Relations Act 1996 - Determination of reporting guidelines for the purposes of section 253 of RAO Schedule (12/10/2004)
Balance SheetBalance Sheet
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Balance Sheet
- Where an item is disclosed on the face of the balance sheet as:
(a) a receivable or other right to receive cash; or
(b) a payable or other financial liability; and
(c) the item or a part of the item has been derived as a result of one or more transactions and/or other past events with another reporting unit of the organisation,
the following additional disclosures should be made in the notes to the financial statements about the item or the part of the item:
(d) name of the other reporting unit; and
(e) cost or value attributable to the other reporting unit.
- Total amounts for the following items must be disclosed by the reporting unit in the notes to the financial statements unless already disclosed on the face of the balance sheet in accordance with Australian Accounting Standards: