Financial reporting and accounting policy

The Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR) is a legislative instrument made under the Public Governance, Performance and Accountability Act 2013 (PGPA Act) that sets out the financial reporting requirements for all Commonwealth Reporting entities in preparing their financial statements.

Overview of Commonwealth financial reporting

An overview of the Commonwealth financial reporting processes and obligations under the PGPA Act and Charter of Budget Honesty Act.

Financial reporting for Commonwealth entities

Guidance for preparing financial statements, including related information on the FRR, primary reporting and information management aid documents, summary of changes, standard parameters and exemptions.

Technical accounting policy and guidance

Guidance and position papers on specific accounting and financial reporting policies. The guidance includes explanations and examples relating to the interpretation and application of Australian Accounting Standards (AAS) and/or FRR.

Chief Finance Officers stewardship forum

The Forum is a regular meeting of key finance contacts in Commonwealth entities and provides updates from key areas within Finance on current issues impacting on entities.

Financial Statements Better Practice Guide

This Better Practice Guide (BPG) replaces the withdrawn Australian National Audit Office (ANAO) Public Sector Financial Statements Better Practice Guide.

Commonwealth Balance Sheet User Guide

A detailed explanation of major assets and liabilities held by Commonwealth entities, which form part of the Australian Government’s balance sheet.