Financial reports are prepared in accordance with Australian Accounting Standards and Interpretations (AASs) as issued by the Australian Accounting Standards Board (AASB).
Since 1 January 2005, AASs include the Australian equivalents to International Financial Reporting Standards (IFRSs).
Where an AASB standard provides accounting treatment options, DTF issues Financial Reporting Directions (FRDs) to ensure consistent application of accounting treatment across the Victorian public sector in compliance with that particular standard. FRDs are also issued to impose other government non-financial policy and disclosure requirements.
The following FRDs are applicable to Victorian public sector agencies as at 1 June 2005. Refer to each FRD for its applicable date.
The FRDs comprise two groups:
FRD 100 Financial Reporting Directions – Framework (486 kb Word)
FRD 101 First-time Adoption (460 kb Word)
FRD 102 Inventories (454 kb Word)
FRD 103D Non-Current Physical Assets (721 KB DOC)
Guidance note for FRD103D: Guidance on the selection of valuation services under FRD 103D (35 KB DOC)
Guidance note for FRD 103D: Guidance on depreciation of building components under FRD 103D (38 KB DOC)
Guidance note for FRD 103D: Guidance on fair value under FRD 103D (28 KB DOC)
FRD 104 Foreign Currency (459 kb Word)
FRD 105A Borrowing Costs (468 KB DOC)
FRD 106 Impairment of Assets (461 kb Word)
FRD 107 Investment Properties (457 kb Word)
FRD 108A Classification of Entities as For-Profit (451 KB DOC)
FRD 109 Intangible Assets (492 kb Word)
FRD 110 Cash Flow Statements (454 kb Word)
FRD 112C Defined Benefit Superannuation Obligations (581 KB DOC)
FRD 113 Investments in Subsidiaries, Jointly Controlled Entities and Associates (470 kb Word)
FRD 115 Non-Current Physical Assets - First-time Adoption (490 kb Word)
FRD 116 Financial Instruments - Public Financial Corporations (535 KB DOC)
FRD 117 Contributions of Existing Non-Financial Assets to Third Parties (590 KB DOC)
FRD 118 Land Under Declared Roads (539 KB DOC)
FRD 119 Contributions by Owners (731 KB DOC)
FRD120E Accounting and reporting pronouncements applicable to the 2010-11 reporting period (667 KB DOC)
FRD 121 Infrastructure Assets (473 KB DOC)
FRD 03A Accounting for Dividends (461 kb PDF)
FRD 07A Early Adoption of Authoritative Accounting Pronouncements (445 kb Word)
FRD 8B Consistency of Budget and Departmental Reporting (38 kb Word)
FRD 09A Departmental Disclosure of Administered Assets and Liabilities by Activity (609 kb Word)
FRD 10 Disclosure Index (464 kb Word)
FRD 11 Disclosure of Ex-gratia Payments (456 kb Word)
FRD 12A Disclosure of Major Contracts (451 kb Word)
FRD 13 Disclosure of Parliamentary Appropriations (604 kb Word)
FRD 14 Disclosures in Annual Reports by Public Sector Superannuation Schemes (484 kb Word)
FRD 15B Executive Officer Disclosures in the Report of Operations by Departments (521 KB DOC)
FRD 17A Long Service Leave Wage Inflation and Discount Rates (447 kb Word)
FRD 19 Private Provision of Public Infrastructure (449 kb Word)
FRD 20A Accounting for State Motor Vehicle Lease Arrangements prior 1 February 2004 (450 kb Word)
FRD 21A Responsible Person and Executive Officer Disclosures in the Financial Report (490 kb Word)
FRD 22B Standard Disclosures in Report of Operations (491 KB DOC)
Guidance note for FRD 22B: Guidance on additional information available on request under FRD 22B (82 KB DOC)
FRD 24C - Reporting of Office-based Environmental Data by Government Entities (499 kb Word)
Guidance note for FRD 24C: Guidance on environmental disclosures under FRD24C (484 KB DOC)
Guidance note for FRD 24C: Guidance on Environment Management System under FRD 24C
FRD 25A Victorian Industry Participation Policy (478 KB DOC)
FRD 26A Accounting for VicFleet Motor Vehicle Lease Arrangements on or after 1 February 2004
FRD 27B Presentation and Reporting of Performance Information (532 KB DOC)
FRD 29 Workforce Data Disclosures in the Report of Operations (532 KB DOC)
Guidance note for FRD 29: Guidance on reporting of number of employees under FRD 29 (34 KB PDF)
FRD 30A - Standard requirements for the design and print of annual reports (85 KB DOC)
