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Archived statements of accounting concepts

SAC 3 and SAC 4 were effective until the first reporting period beginning on or after 1 January 2005, when the Framework for the Preparation and Presentation of Financial Statements (the Australian equivalent to the IASB’s Framework) first applied. SAC 2 was effective until periods ending on or after 20 December 2013. SAC 1 (1990) was effective until periods beginning on or after 1 January 2020.

No. Title Date
 SAC 1 Definition of the Reporting Entity  Aug 1990
SAC 2 Objective of General Purpose Financial Reporting Aug 1990
SAC 3 Qualitative Characteristics of Financial Information Aug 1990
SAC 4 Definition and Recognition of the Elements of Financial Statements Mar 1995