This Department of Finance (Finance) Financial Statements Better Practice Guide (BPG) replaces the withdrawn Australian National Audit Office (ANAO) Public Sector Financial Statements Better Practice Guide.
The BPG focuses on financial statements preparation by Commonwealth entities and Commonwealth companies, as distinct from accounting treatments or disclosures for Commonwealth entities, and complements the:
- Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR)
- RMG-125 Commonwealth Entities Financial Statements Guide (RMG-125)
- Primary Reporting and Information Management Aid (PRIMA) Forms of Financial Statements (PRIMA).