Finance Minister's Orders for Financial Reporting (incorporating policy and guidance) - for reporting periods ending on or after 1 July 2013


The FMOs are produced each year and have the force of law under the Financial Management and Accountability Act 1997 (FMA Act) and the Commonwealth Authorities and Companies Act 1997 (CAC Act). The FMOs outline the requirements for the preparation of Financial Reports of Australian Government Entities. One of the main purposes of the FMOs and supporting Policies and Guidance is to ensure consistency of accounting policy choices across Government Entities where Australian Accounting Standards allow choices. Consistency is important to ensure comparability of Financial Reports across Entities and to facilitate the consolidation of individual Entity Financial Reports when preparing the Australian Government's Consolidated Financial Statements. The FMOs aim to enhance the usefulness of information presented in Financial Reports to Government and major external users.

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Full Document

For 2013-14, all references to Australian Accounting Standards and Interpretations are taken to be the AASB’s "not-for-profit" version, where applicable

Summary of Changes to the Finance Minister's Orders

Legislative Instrument

Finance Minister's Orders (Financial Statements for reporting periods ending on or after 1 July 2011) as amended [external link icon]

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© Commonwealth of Australia 2011
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