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The Map of Australian Accounting Standards

How the AASB standards connect, at a glance.

Drag to rotate · scroll to zoom · hover a dot for its name · click for its summary · or search below.

Tap a category to filter the list and highlight the map · tap again to clear.

In progress: summaries are being reviewed. General information only, not professional or financial advice.

All standards on the map

Framework & Presentation

  • AASB 1: First-time Adoption of Australian Accounting Standards. AASB 1 governs the one-off transition to Australian Accounting Standards (AAS): what an entity does the first time it prepares financial statements… summary only
  • AASB 101: Presentation of Financial Statements. AASB 101 prescribes the basis for presenting general purpose financial statements (GPFS) so they're comparable with the entity's own prior periods… summary only
  • AASB 1053: Application of Tiers of Australian Accounting Standards. AASB 1053 sets out the two tiers of Australian Accounting Standards for general purpose financial statements — the framework behind which entities… summary only
  • AASB 1054: Australian Additional Disclosures. AASB 1054 sets Australian-specific disclosure requirements that are additional to those in IFRS-equivalent standards summary only
  • AASB 1060: GPFS: Simplified Disclosures for Tier 2 Entities. AASB 1060 sets the disclosure requirements for entities that prepare general purpose financial statements and elect Tier 2 reporting under AASB 1053… summary only
  • AASB 107: Statement of Cash Flows. AASB 107 requires a statement of cash flows that reports the period's historical changes in cash and cash equivalents, classified into operating… summary only
  • AASB 108: Accounting Policies, Changes in Accounting Estimates and Errors. AASB 108 sets the rules for how you pick and change accounting policies, and how to handle three different events: changes in accounting policies… summary only
  • AASB 110: Events after the Reporting Period. AASB 110 prescribes (para 1) when an entity adjusts its financial statements for events between the reporting date and the date the statements are… summary only
  • AASB 124: Related Party Disclosures. AASB 124 ensures financial statements disclose enough about related parties to flag that the entity's position and results may have been affected by… summary only
  • AASB 133: Earnings per Share. AASB 133 prescribes principles for determining and presenting earnings per share (EPS), to improve performance comparisons between entities and… summary only
  • AASB 134: Interim Financial Reporting. AASB 134 prescribes the minimum content of an interim financial report and the recognition and measurement principles for interim periods summary only
  • AASB 18: Presentation and Disclosure in Financial Statements. AASB 18 is the new presentation standard that replaces AASB 101 from 1 January 2027 summary only
  • AASB 8: Operating Segments. AASB 8 requires disclosure of information about an entity's operating segments — based on the internal components whose results the chief operating… summary only

Groups & Investments

  • AASB 10: Consolidated Financial Statements. AASB 10 establishes principles for consolidated financial statements when an entity controls one or more others, using a single definition of control summary only
  • AASB 11: Joint Arrangements. AASB 11 sets principles for entities with an interest in arrangements that are controlled jointly Read the explainer →
  • AASB 12: Disclosure of Interests in Other Entities. AASB 12 requires disclosures that let users evaluate the nature of, and risks associated with, interests in other entities, and the effects of those… summary only
  • AASB 127: Separate Financial Statements. AASB 127 prescribes the accounting and disclosure for investments in subsidiaries, joint ventures and associates when an entity prepares separate… summary only
  • AASB 128: Investments in Associates and Joint Ventures. AASB 128 prescribes accounting for investments in associates and sets out the equity method, also applied to joint ventures (AASB 11) summary only
  • AASB 3: Business Combinations. AASB 3 governs how an acquirer accounts for a business combination — improving the relevance, reliability and comparability of the information… summary only

Assets

  • AASB 102: Inventories. AASB 102 prescribes the accounting for inventories (para 1) — chiefly the cost to recognise as an asset and carry forward until the related revenue… summary only
  • AASB 116: Property, Plant and Equipment. AASB 116 prescribes the accounting for property, plant and equipment (PP&E) so users can see an entity's investment in PP&E and how it changes (para… summary only
  • AASB 123: Borrowing Costs. AASB 123 governs the treatment of borrowing costs summary only
  • AASB 136: Impairment of Assets. AASB 136 ensures assets are carried at no more than their recoverable amount (para 1) summary only
  • AASB 138: Intangible Assets. AASB 138 prescribes the accounting for intangible assets not dealt with by another standard (para 1) summary only
  • AASB 140: Investment Property. AASB 140 prescribes accounting for investment property — property (land/building) held to earn rentals or for capital appreciation, rather than for… summary only
  • AASB 141: Agriculture. AASB 141 prescribes the accounting treatment and disclosures for agricultural activity — the management of the biological transformation of… summary only
  • AASB 16: Leases. AASB 16 sets the principles for the recognition, measurement, presentation and disclosure of leases (para 1), so the financial position, performance… summary only
  • AASB 5: Non-current Assets Held for Sale and Discontinued Operations. AASB 5 covers assets (and disposal groups) held for sale and the presentation of discontinued operations (para 1) summary only

Liabilities, Provisions & Tax

  • AASB 112: Income Taxes. AASB 112 prescribes the accounting for income taxes (para 1) summary only
  • AASB 119: Employee Benefits. AASB 119 prescribes the accounting and disclosure for employee benefits — recognising a liability when an employee has earned benefits to be paid in… summary only
  • AASB 137: Provisions, Contingent Liabilities and Contingent Assets. AASB 137 sets the recognition criteria and measurement bases for provisions, contingent liabilities and contingent assets, with disclosures so users… summary only
  • AASB 2: Share-based Payment. AASB 2 governs how an entity accounts for share-based payments — paying for goods or services (often employee services) with equity instruments… summary only

Revenue & Income

  • AASB 120: Accounting for Government Grants and Disclosure of Government Assistance. AASB 120 prescribes accounting for government grants and disclosure of government assistance summary only
  • AASB 15: Revenue from Contracts with Customers. AASB 15 sets the principles for recognising revenue from contracts with customers — the nature, amount, timing and uncertainty of revenue and cash… summary only

Financial Instruments & Measurement

  • AASB 121: The Effects of Changes in Foreign Exchange Rates. AASB 121 prescribes how to include foreign-currency transactions and foreign operations in the financial statements, and how to translate into a… summary only
  • AASB 13: Fair Value Measurement. AASB 13 (para 1) defines fair value, sets out a single framework for measuring it, and requires disclosures about fair-value measurements summary only
  • AASB 132: Financial Instruments: Presentation. AASB 132 establishes principles for presenting financial instruments as financial liabilities or equity, and for offsetting financial assets and… summary only
  • AASB 7: Financial Instruments: Disclosures. AASB 7 requires disclosures so users can evaluate the significance of financial instruments for the entity's position and performance, and the nature… summary only
  • AASB 9: Financial Instruments. AASB 9 sets the principles for the financial reporting of financial assets and financial liabilities — their classification, measurement, impairment… summary only

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