Accounting Policy

ACT Accounting Policy Papers

The accounting policy papers replaced the former Accounting Policy Manual (APM) from 1 July 2005. The focus of the guidance papers is different from the APM in that an intermediate level of accrual accounting knowledge will be presumed.

The purpose of the policy papers is to provide accounting guidance in the Territory. These policy papers have been prepared in accordance with applicable Australian accounting standards and the Territory’s financial management framework. These papers cover specific issues that have been identified as requiring policy. The papers are not intended to encompass all aspects of financial reporting and do not replicate/replace accounting standard requirements.

These accounting policy papers are applicable to directorates and Territory authorities.

ACT Accounting Policy Papers	Issue Date	Last Updated	Download
Employee Benefits	JUN 2012		94KB
Standards Issued but Not Yet Effective	JUL 2012		289KB
Make Good Clauses within a Lease Agreement	MAR 2011		144KB
Finance Leases - ACT Passenger and Light Commercial Motor Vehicle using: * SG Fleet Australia Pty Limited	MAY 2010		343KB
Disaggregated Disclosures	MAY 2009		66KB
Software and Intangible Assets	FEB 2006	APR 2009	46KB
Property, Plant and Equipment	JAN 2006	APR 2009	124KB
Capital Works	FEB 2005	NOV 2008	67KB
Heritage and Community Assets	JUN 2008	NOV 2008	95KB
Impairment of Assets	NOV 2008		61KB
Dividends	MAY 2006		22KB
Accounting for Major Bushfire Recovery Projects	DEC 2005	FEB 2006	39KB
Portable and Attractive Items	NOV 2005		43KB

If you have a question with one of our policies, or require further accounting advice, please fill in our Accounting Advice Request Form and forward to the Accounting Branch via the advised methods.

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