Financial reporting directions and guidance | Department of Treasury and Finance Victoria

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

FRD 100 Financial Reporting Directions framework (WORD 61.75 KB)

FRD 101 Application of Tiers of Australian Accounting Standards (WORD 72.92 KB)

Guidance on the application of FRD 101 Application of Tiers of Australian Accounting Standards (WORD 151.54 KB)

FRD 102 Inventories (WORD 60.74 KB)

FRD 103 Non Financial Assets (WORD 79.75 KB)

Guidance on the application of FRD 103 Non-financial physical assets (WORD 221.58 KB)

Guidance on the selection of valuation services under FRD 103 (WORD 47.02 KB)

Guidance on depreciation of building components under FRD 103 (WORD 47.59 KB)

Fair value measurement indicative expectations (WORD 60.4 KB)

FRD 104 Leases (WORD 61.18 KB)

FRD 105 Borrowing costs (WORD 62.45 KB)

FRD 106 Impairment of assets (WORD 61.21 KB)

FRD 107 Investment properties (WORD 136.13 KB)

FRD 108 Classification of Entities as For-profit (WORD 61.15 KB)

FRD 109 Intangible assets (WORD 65.72 KB)

FRD 110 Cash flow statements (WORD 60.03 KB)

FRD 112 Defined benefit superannuation obligations (WORD 70.15 KB)

FRD 113 Investments in subsidiaries joint ventures and associates (WORD 59.37 KB)

FRD 114 Financial instruments (WORD 62.41 KB)

FRD 117 Contributions of existing non-financial assets to third parties (WORD 85.78 KB)

FRD 118 Land under declared roads (WORD 57.92 KB)

FRD 119 Transfers through contributed capital (WORD 146.51 KB)

FRD 120 Accounting and reporting pronouncements applicable to the 2023-24 reporting period (WORD 80.13 KB)

Guidance to FRD 120 Australian Accounting Standards applicable for For-Profit and Not-for-Profit entities (WORD 48.31 KB)

Non-financial policy and disclosures

FRD 3 Accounting for dividends (WORD 58.21 KB)

FRD 7 Early adoption of authoritative accounting pronouncements (WORD 48.95 KB)

FRD 8 Consistency of budget and departmental reporting (WORD 63.98 KB)

FRD 9 Departmental disclosure of administered assets (WORD 64.72 KB)

FRD 10 Disclosure index (WORD 56.59 KB)

FRD 11 Disclosure of ex gratia expenses (WORD 61.29 KB)

FRD 12 Disclosure of major contracts (WORD 52.98 KB)

FRD 13 Disclosure of Parliamentary appropriations (WORD 72.34 KB)

FRD 15 Executive officer disclosures in the Report of Operations (WORD 69.54 KB)

Victorian Public Sector Standard Model for collecting staff gender information (PDF 83.37 KB)

FRD 17 Wage inflation and discount rates for employee benefit (WORD 57.66 KB)

FRD 21 Disclosures of responsible persons and executive officers in the financial report (WORD 64.87 KB)

FRD 22 Standard disclosures in the Report of Operations (WORD 87.69 KB)

Guidance FRD 22 Additional information available on request (WORD 57.06 KB)

Guidance note to financial reporting direction FRD 22 (WORD 58.75 KB)

FRD 24 Reporting of environmental data by government entities (WORD 107.69 KB)

Guidance on environmental disclosures under FRD 24 (WORD 2.44 MB)

Guidance on the application of reporting tiers under FRD 24 (WORD 58.27 KB)

FRD 25 Local Jobs disclosures in the Report of Operations (WORD 62.46 KB)

FRD 27 Presentation and reporting of performance information (WORD 60.1 KB)

FRD 29 Workforce data disclosures in the Report of Operations Public Service Employees (WORD 49.04 KB)

Guidance on FRD 29C Workforce data disclosures in the Report of Operations (WORD 62.32 KB)

Victorian Public Sector Standard Model for collecting staff gender information (PDF 83.37 KB)

FRD 30 Standard requirements for the publication (WORD 86.73 KB)

Reviewed 21/11/2024