The purpose of this manual is to:
- provide a guide to the Australian financial reporting environment and legal financial reporting framework
- give guidance on distinguishing between reporting and non-reporting entities
- provide specific guidance on the financial reporting requirements of various types of entities
- outline the requirements for annual, concise and interim reporting.
The Financial Reporting Manual is designed to be a companion to KPMG’s Insights into IFRS. It focuses on the Australian regulatory framework for preparation and lodgement of financial reports whereas Insights into IFRS focuses on application and interpretation of accounting standards.