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...Contents current asic requirements for afsl financial reporting entity non rg true fair recognition and measurement general purpose reduced disclosure special problems with specific accounting standards if a then statement of position profit or loss other comprehensive income changes in equity cash flows balance sheet both situations the licensee is responsible preparing statements that are fs report year accordance corporations act including giving view performance b i complies australian ii not all apply to entities what described concepts sac definition economic respect which it reasonable expect existence users who dependent on reports information will be useful them making evaluating decisions about allocation scarce resources must produce applying relevant either international legislative section notes give company...