Financial Reporting Standards
Effective for annual periods beginning on 1 January 2018
Financial Reporting Standards (FRSs) refer to Financial Reporting Standards and Interpretations of Financial Reporting Standards issued by the ASC.
FRSs issued by the ASC are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As FRSs are based on International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board and the copyright to IFRSs is owned by the IFRS Foundation, permission to use FRSs for any other purpose is required from the ASC and the IFRS Foundation with regard to FRSs and IFRSs, respectively.
This collection of FRSs includes official pronouncements issued by the ASC up to 31 December 2017 and are required to be applied for annual periods beginning on 1 January 2018. The collection does not include new/revised/amendments to FRSs which are effective for annual periods beginning after 1 January 2018.