Finance Minister's Orders for Financial Reporting (incorporating policy and guidance) - for reporting periods ending on or after 1 July 2012
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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- Finance Minister's Orders for Financial Reporting (incorporating amendments) [ 1.2 MB]
- Finance Minister's Orders for Financial Reporting (incorporating amendments) [ 739 KB]
Summary of Changes to the Finance Minister's Orders
- Summary of Changes to the Finance Minister's Orders (incorporating amendments) [ 94 KB]
- Summary of Changes to the Finance Minister's Orders (incorporating amendments) [ 164 KB]
The Summary of Changes to Finance Minister’s Orders has been expanded to include guidance to Commonwealth entities on the potential impacts the current year changes will have on the preparation of Note 1: Summary of Significant Accounting Policies.
Legislative InstrumentFinance Minister's Orders (Financial Statements for reporting periods ending on or after 1 July 2011) as amended
© Commonwealth of Australia 2011
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