APESB’s responses to the AASB’s specific and general matters for comment are detailed in Appendix A. Below are the District 3 board members and the levels they have achieved during the 2019-2020 training year in AASB’s School Board Member Academy. Opening Remarks, Keynote Speaker, & Research … Honorees were recognized during a special Awards Breakfast held Saturday, Dec. 5. 14. Resources . AASB 2020-2 contains the following optional short-term exemptions if a for-profit entity early adopts AASB 1060 for periods beginning before 1 July 2021: Dec 1 to Dec 3, 2020. 2 Australian Accounting Standards. 2020-21 Estimate $'000 . No. AASB 2020-3 Amendment to AASB 1 – Subsidiary as a First-time Adopter (Part of Annual Improvements 2018–2020 Cycle) Effective for annual reporting periods beginning on or after 1 January 2022 Under AASB 121, The Effects of Changes in Foreign Exchange Rates, an entity is required to determine its own functional currency, being the 5 IFRB 2020/08 IASB ISSUES AMENDMENTS TO IFRS 16: COVID-19 RELATED RENT CONCESSIONS CRITERION #3: AFFECTS LEASE PAYMENTS ORIGINALLY DUE ON OR BEFORE 30 JUNE 2021 The rent concession must reduce lease payments originally due on or before 30 June 2021. Other relevant publications include: • AASB 16 . 4 Under old Conceptual Framework and SAC 1. All businesses will be affected to some extent. Annual appropriations - ordinary annual services (a) AASB 1059 Service Concession Arrangements: Grantors. Insurance Contracts . 2019-20: AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture. Under the new standard, obligations to make future payments on an operating lease must now be included on the balance sheet. ... 3 June 2020. 1. [AASB 3 & AASB 128] 1 . The virtual debrief will occur in a small group setting August 24, 2020 from 1:00 to 4:00 pm ET. 3 Simplified Disclosures outlined in AASB 1060. ... Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007. The Board expects to approve the final Annual Plan in March 2020. financial statements in Section 3 are presented on an accrual basis. Sync, AASB, Chain probabilities by banner for the new REALM Relic Draws (Nov. 2020) Guide/Analysis Whenever the Realm/Elemental draws reset, I like to check the probabilities of getting Syncs, AASBs and Chains before pulling. 1 As defined by AASB 1053. ACCT 3563 Issues in Financial Reporting and Analysis Term 3, 2020 Group project-Implementation of AASB 16 in The All-State School Board Award is AASB's highest honor. This guide is available on the Department of Finance website at . AASB 1059 Service Concession Arrangements: Grantor (AASB 1059) is effective for financial reporting periods commencing on or after 1 January 2020. The guide also provides a simple model to calculate lease balances and example journals for common scenarios. AASB 15 and AASB 1058 Territory Policy (Including Transition) 4 BACKGROUND AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities will be effective for most ACT Government agencies from reporting periods beginning on or after 1 January 2019 (i.e. Note early adoption of AASB 17 requires concurrent application of AASB 9 . Do you prepare financial reports on the General Purpose Financial Reporting basis? At its meeting on February 3-4, 2020, following a review of the project and the final amendments made to CAS 315 with representatives of the AASB, the AASOC concluded that the AASB had followed due process with proper regard for the public interest in developing and approving these amendments to CAS 315. MCD2160 Trim3 2020 Tutorial 10 Liabilities Questions Students Handout By the end of this week the following initial check list for Liabilities Provisions AASB 137 A liability of uncertain timing or amount e.g. Voluntarily elect to prepare GPFS (apply RCF)? 2021-22 AASB . No. No. STANDARD. 2020-8. www.finance.gov.au. 4. Demystifying foreign currency issues. This criterion is AASB Exposure Draft – Audits of Group Financial Statements (Including the Work of Component Auditors) May 11, 2020. 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