If you are unsure when to present a comparison of budget and actual information in your financial statements, you should have a look at the YouTube recording [Recordings – ASB] that explains when an entity falls within the scope of GRAP 24 on Presentation of Budget Information in Financial Statements.

The recording also highlights the key messages from the review of GRAP 24 and the effective GRAP 24 Fact Sheet.

The slide presentation is available on the ASB website.

Disclaimer

The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.