Financial reporting directions and guidance

Financial reports are prepared in accordance with Australian Accounting Standards and Interpretations (AASs) as issued by the Australian Accounting Standards Board (AASB).


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:

  • FRDs numbered 100 and above are Directions issued for AASs in relation to financial policy and disclosures.
  • FRDs numbered below 100 are Directions issued mainly for non-financial policy and disclosures.

Financial policy and disclosures

Valuation guidance - Fair value measurement of non-financial physical assets

Non-financial policy and disclosures

Reviewed 10/05/2024
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