FNSACC504: Preparing Corporate Financial Reports with AASB Standards

This assignment focuses on the application of Australian Accounting Standards (AASB) in preparing financial reports for corporate entities, specifically within the context of the FNSACC504 unit. It lists various AASB standards, ranging from initial adoption of accounting standards to specific areas like share-based payments, business combinations, insurance contracts, financial instruments, and more. The document provides a comprehensive overview of the standards required for accurate and compliant financial reporting. Desklib offers a range of resources, including past papers and solved assignments, to aid students in mastering these concepts.

Accounting Standards
AASB No. Title
1 First-time Adoption of Australian Accounting Standards
2 Share-based Payment
3 Business Combinations
4 Insurance Contracts
5 Non-current Assets Held for Sale and Discontinued Operations
6 Exploration for and Evaluation of Mineral Resources
7 Financial Instruments: Disclosures
8 Operating Segments
9 Financial Instruments
10 Consolidated Financial Statements
11 Joint Arrangements [for for-profit entities]
12 Disclosure of Interests in Other Entities
13 Fair Value Measurement
14 Regulatory Deferral Accounts
101 Presentation of Financial Statements
102 Inventories
107 Statement of Cash Flows
108 Accounting Policies, Changes in Accounting Estimates and Errors
110 Events after the Reporting Period
111 Construction Contracts
112 Income Taxes
116 Property, Plant and Equipment
117 Leases
118 Revenue
119 Employee Benefits
Prepare financial reports for corporate entities - FNSACC504
Issue Date: 18/09/2017 Page 1 of 3
ABN: 57 169 281 501
E: [e-mail]
W: www.sydneymetrocollege.edu.au
Sydney (Head Office): Level 2, 16-22 Wentworth Avenue
Surry Hills NSW 2010
T: 02 8937 0991
Melbourne: Level 1 &2, 213-215 Lonsdale Street
Melbourne VIC 3000
T: 03 0 9077 0758

120 Accounting for Government Grants and
Disclosure of Government Assistance
121 The Effects of Changes in Foreign Exchange
Rates
123 Borrowing Costs
124 Related Party Disclosures
127 Separate Financial Statements
128 Investments in Associates and Joint Ventures
[for for-profit entities]
128 Investments in Associates [for not-for-profit
entities]
129 Financial Reporting in Hyperinflationary
Economies
131 Interests in Joint Ventures [for not-for-profit
entities]
132 Financial Instruments: Presentation
133 Earnings per Share [for for-profit entities]
133 Earnings per Share [for not-for-profit entities]
134 Interim Financial Reporting
136 Impairment of Assets
137 Provisions, Contingent Liabilities and Contingent
Assets
138 Intangible Assets
139 Financial Instruments: Recognition and
Measurement
140 Investment Property
141 Agriculture
1004 Contributions
1023 General Insurance Contracts
1031 Materiality
Prepare financial reports for corporate entities - FNSACC504
Issue Date: 18/09/2017 Page 2 of 3
ABN: 57 169 281 501
E: [e-mail]
W: www.sydneymetrocollege.edu.au
Sydney (Head Office): Level 2, 16-22 Wentworth Avenue
Surry Hills NSW 2010
T: 02 8937 0991
Melbourne: Level 1 &2, 213-215 Lonsdale Street
Melbourne VIC 3000
T: 03 0 9077 0758

1038 Life Insurance Contracts
1039 Concise Financial Reports
1048 Interpretation of Standards
1049 Whole of Government and General Government
Sector Financial Reporting
1050 Administered Items
1051 Land Under Roads
1052 Disaggregated Disclosures
1053 Application of Tiers of Australian Accounting
Standards
1054 Australian Additional Disclosures
1055 Budgetary Reporting
1056 Superannuation Entities
Prepare financial reports for corporate entities - FNSACC504
Issue Date: 18/09/2017 Page 3 of 3
ABN: 57 169 281 501
E: [e-mail]
W: www.sydneymetrocollege.edu.au
Sydney (Head Office): Level 2, 16-22 Wentworth Avenue
Surry Hills NSW 2010
T: 02 8937 0991
Melbourne: Level 1 &2, 213-215 Lonsdale Street
Melbourne VIC 3000
T: 03 0 9077 0758