Asic Form 388 in Ms Word
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People also ask asic forms 484
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What is form 388?
Form 388 is one such form that is used by companies to lodge annual financial statements and reports. Entities required by law to submit Form 388 include public companies, registered schemes and trusts, small proprietary foreign-owned companies and foreign companies registered in Australia.
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What is IFRS and GAAP?
There are different types of accounting standards that are followed around the globe. The most commonly used accounting standards are International Financial Reporting Standards or IFRS and Generally Accepted Accounting Principles or GAAP.
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Do I need to lodge financial statements with ASIC?
Large proprietary companies, public companies, disclosing entities and registered investment schemes must provide ASIC with their financial reports within four (4) months after the end of their financial year (three (3) months for a disclosing entity or registered scheme).
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What is the key difference between IAS and IFRS?
Applicability: IAS was developed for use by companies that are listed on stock exchanges in the European Union. IFRS, on the other hand, is used by companies all over the world. In fact, many countries have now adopted IFRS as their national accounting standard.
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What is the ASIC 2017 204?
ASIC Corporations (Foreign-Controlled Company Reports) Instrument 2017/204 makes sure that the reporting requirements of small proprietary companies controlled by a foreign company that are not part of a 'large group' are equal to other Australian small proprietary companies.
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What is the ASIC and IFRS?
ASIC is the business owner of the financial reporting taxonomy within SBR (the IFRS AU Taxonomy). As a business owner, ASIC is responsible for ensuring that the taxonomy is relevant for all users and is compliant with applicable financial reporting requirements, including accounting standards.
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What is the ASIC for IFRS?
ASIC is the business owner of the financial reporting taxonomy within SBR (the IFRS AU Taxonomy). As a business owner, ASIC is responsible for ensuring that the taxonomy is relevant for all users and is compliant with applicable financial reporting requirements, including accounting standards.
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What does IFRS stand for?
International Financial Reporting Standards (IFRS) are a set of accounting rules for the financial statements of public companies that are intended to make them consistent, transparent, and easily comparable around the world.
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