This Reporting Update provides an overview of AASB 2013-8 Amendments to Australian Accounting Standards Australian Implementation Guidance for Not-for-Profit Entities – Control and Structured Entities.
This guidance is designed to assist not-for-profit entities in the public and private sector in their application of AASB 10 Consolidated Financial Statements and AASB 12 Disclosure of Interests in Other Entities.
The guidance does not change the principles contained within these standards but rather explains how these principles apply from the perspective of not-for-profit entities.
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