Background
ACT Accounting Policy Papers outline ACT accounting policies that are additional to the requirements included in the Australian Accounting Standards. These papers provide extra guidance to agencies in relation to difficult or complicated accounting requirements as well as narrowing some options included in Australian Accounting Standards. They are applicable to ACT Government Directorates and ACT Government Territory Authorities.
AAPP 101 - ACT Accounting Policy Paper on Capital Works Policy [
PDF 1.1MB] [
DOC 159KB]
AAPP 102 - ACT Accounting Policy Paper on Dividends [ PDF 1MB] [ DOC 59KB]
AAPP 103 – ACT Accounting Policy Paper on Portable and Attractive Items – WITHDRAWN
AAPP 104 - ACT Accounting Policy Paper on Disaggregated Disclosures [ PDF 834KB] [ DOC 116KB]
AAPP 105 - ACT Accounting Policy Paper on Public Private Partnerships Financed by the Operator with the Assets being Territory Assets at the End of the Arrangement [ PDF 967KB] [ DOC 66KB]
AAPP 106 - ACT Accounting Policy Paper on AASB 15 Revenue and AASB 1058 Income for Not-For-Profit Entities (Including Transition) [ PDF 1.1MB] [ DOC 275KB]
AAPP 107 - ACT Accounting Policy Paper on Make Good Provisions [ PDF 8.5MB] [ DOC 159KB]
AAPP 108 - ACT Accounting Policy Paper on AASB 16 Leases (Including Transition) [ PDF 1.5MB] [ DOC 184KB]
- AAPP 108a – Appendix A – AAS 16 Leases - Template for Estimating Liability and Right-Of-Use Asset at transition [
XLSX 50KB] - AAPP 108b – Additional Information – AAS 16 Leases - Incremental Borrowing Rates [ PDF 150KB] [ DOC 26KB]
AAPP 109 - ACT Accounting Policy Paper on AASB 1059 'Service Concession Arrangements: Grantors' [ PDF 1.8MB] [ DOC 473KB]
AAPP 110 - ACT Accounting Policy Paper on Employee Benefits [ PDF 559KB] [ DOC 466KB]
- AAPP 110a – Additional Information – Present Value Factors (PVF) for Annual Leave and Long Service Leave are currently issued in six monthly periods 30 June and 31 December [ PDF 133KB] [ DOC 16KB]
AAPP 111 - ACT Accounting Policy Paper on Credit Cards [ PDF 574KB] [ DOC 442KB]
AAPP 112 - ACT Accounting Policy Paper on Accounting for Land Transactions [ PDF 1.9MB] [ DOC 1.1MB]
AAPP 113 - ACT Accounting Policy Paper on Third Party Monies [ PDF 2.7MB] [ DOC 505KB]
AAPP 114 - ACT Accounting Policy Paper on Concessional Loans [ PDF 4.8MB] [ DOC 752KB]
AAPP 115 - ACT Accounting Policy Paper on Intangible Assets: Software [ PDF 4.8MB] [ DOC 845KB]
AAPP 116 - ACT Accounting Policy Paper on Contribution by Owners [ PDF 1.7MB] [ DOC 536KB]
AAPP 117 - ACT Accounting Policy Paper on Property, Plant and Equipment [ PDF 5.7MB] [ DOC 840KB]
Background
ACT Accounting Guidance Papers provide guidance on simpler accounting issue that impact on most ACT Government Agencies.
AAGP 201 - ACT Accounting Guidance Paper on Key Management Personnel (KMP) - Designating Staff as Key Management Personnel [ PDF 804KB] [ DOC 68KB]
AAGP 202 - ACT Accounting Guidance Paper on Key Management Personnel (KMP) - Data Collection Form Guidance Booklet for Staff Designated as KMP [ PDF 767KB] [ DOC 102KB]
AAGP 203 - ACT Accounting Guidance Paper on Key Management Personnel (KMP) - Notification to Close Family Members of ACT Government Staff Designated KMP [ PDF 733KB] [ DOC 62KB]
AAGP 204 - ACT Accounting Guidance Paper on COVID-19 Disclosures and Workpapers [ PDF 1.2MB] [ DOC 449KB]
AAGP 205 - ACT Accounting Guidance Paper on Writing an Accounting Position Paper [PDF 577KB] [ DOC 62KB]
Background
ACT Accounting Disclosure Papers provide extra disclosure guidance to that included in the ACT Government Model Financial Statements (Model) or provide disclosure guidance where an updated Model is not going to be produced in a given financial year. They also contain disclosure guidance that needs to be issued between the annual release of the Model. They are applicable to ACT Government Directorates and ACT Government Territory Authorities.
AADP 301 - ACT Accounting Disclosure Paper on the 2023-24 Changes in Accounting Policy Estimates and Correction of Prior Period Errors [ PDF 1.0MB] [ DOC 691KB]
AADP 302 - ACT Accounting Disclosure Paper on the 2018-19 Standards issued which are not yet Effective [ PDF 1.1MB] [ DOC 227KB]
AADP 303 - DISCONTINUED
AADP 304 - ACT Accounting Disclosure Paper on the 2019-20 Standards Issued which are not yet Effective [ PDF 906KB] [ DOC 97KB]
AADP 305 - ACT Accounting Disclosure Paper on the 2020-21 Standards issued which are not yet effective [ PDF 1.4MB] [ DOC 430KB]
- AADP 305a - July 2022 Update - ACT Accounting Disclosure Paper on the 2020-21 Standards Released but yet to be Applied [ PDF 145KB] [ DOC 40KB]
AADP 306 - ACT Accounting Disclosure Paper on Revenue Disclosures and Workpapers [ PDF 1.4MB] [ DOC 695KB]
AADP 307 - ACT Accounting Disclosure Paper on the 2021-22 Standards Released but yet to be Applied [ PDF 1.3MB] [ DOC 426KB]
- AADP 307a - July 2022 Update - ACT Accounting Disclosure Paper on the 2021-22 Standards Released but yet to be Applied [ PDF 128KB] [ DOC 39KB]
AADP 308 – ACT Accounting Disclosure Paper on the 2022-23 Standards issued but yet to be Applied [ PDF 671KB] [ DOC 436KB]
AADP 309 – ACT Accounting Disclosure Paper on the 2023-24 Standards issued but yet to be Applied [ PDF 696KB] [ DOC 440KB]
Background
ACT Taxation Policy Papers outline how to treat certain taxation requirements in an ACT Government context and provide extra guidance to ACT Government Agencies in relation to difficult or complicated taxation requirements. They are applicable to ACT Government Directorates and ACT Government Territory Authorities.
ATPP 401 - ACT Taxation Policy Paper on Liability for and Payment of GST between ACT Government Related Entities [ PDF 1.3MB] [ DOC 466KB]
Background
The Template Forms are standard forms which are to be used by ACT Government Directorates and ACT Government Territory Authorities to assist them in providing information to or collecting information from others.
TF 501 - Template for Designating Staff as Key Management Personnel (KMP) ( PDF 508KB) ( DOC 55KB)
TF 502 - Data Collection Form Template for Staff Designated Key Management Personnel ( PDF 794KB) ( DOC 72KB)
Background
ACT Government Financial Governance Guidelines provide a model framework for ACT Government agencies to adopt and follow. They are applicable to ACT Government Directorates and ACT Government Territory Authorities.
FGG 1 - Financial Delegations Better Practice Guide Jan 2007 ( PDF 805KB) ( DOC 277KB)
FGG 2 - Framework for Internal Audit Committee and Function ( PDF 1.4MB) ( DOC 332KB)
- FGG 2a - Additional Information - Internal Audit Framework Key Changes 2007 and 2020 ( PDF 742KB) ( DOC 26KB)
FGG 3 - ACT Government Debtor Management Policy Dec 2020 ( PDF 735KB) ( DOC 1.2MB)
FGG 4 - Director-General Instructions April 2022 ( PDF 1.8MB) ( DOC 567KB)
Background
ACT Government Financial Analysis and Performance documents comprise the Model Management Discussion and Analysis (MD&A) and the Strengthening Performance and Accountability Framework. The Model MD&A has been developed to assist ACT Government Directorates and Territory Authorities with the preparation of their own annual MD&A which is included in their Annual Report. The ACT Government‘s Performance and Accountability Framework takes account of a range of mechanisms used by governments and organisations to direct performance and manage accountability.
FAP 1 - Model Management Discussion and Analysis ( PDF 289KB) ( DOC 127KB)
FAP 2 - Strengthening Performance and Accountability: A framework for the ACT Government ( PDF 970KB) ( DOC 621KB)
Background
The ACT Government Model Financial Statements (the Model) are an example set of 'general purpose financial statements' that have been developed to assist ACT Government Directorates and ACT Government Territory Authorities with the preparation of their annual financial statements. The Model is designed to clearly explain presentational requirements within the current reporting framework of the Territory. It provides example disclosures which are compliant with Australian Accounting Standards that agencies can adopt when preparing their own financial statements. The disclosures contained in the Model are relevant to most agencies, that is, the Model does not contain all disclosure requirements for every agency. Disclosures contained in the Model should only be included in an agency's financial statements if they are applicable and material. Additional disclosure should also be included where the information is considered to enhance the comprehension of the financial statements and is of relevance to the primary users of those statements.
In previous years a separate document was produced for the Territory Authority Section and the Model Financial Statements Addendum. However, in the last number of years these documents have been incorporated into the Model itself.
| 2023-24 |
|---|
2023-24-Model - Financial-Statements - Final - Post Implementation Update [ |
| 2022-23 |
|---|
2022-2023 Model Financial Statements for Directorates and Territory Authorities for the reporting period ending 30 June 2023 [ |
| 2021-22 |
|---|
| 2021-2022 Model Financial Statements for Directorates and Territory Authorities for the reporting period ending 30 June 2022 [ PDF 2.5MB] [ DOC 1MB] |
| 2020-21 |
|---|
| No Model Financial Statements issued in 2020-21. |
Background
Where ACT Government Directorates and ACT Government Territory Authorities need to seek accounting advice from the Financial Reporting and Framework Branch, they need to complete a 'Contact and Accounting Request for Advice Form' and provide all relevant documents that contain background information in relation to the advice being sought.