Sbr overview
Download
1 / 8

SBR Overview - PowerPoint PPT Presentation


SBR Overview. Paul Madden Program Director Standard Business Reporting July 2010. SBR Vision. Reduction in the reporting burden for business A single language for business to report to government Reporting to government becomes a by-product of natural business systems/process

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha

Download Presentation

SBR Overview

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Sbr overview l.jpg
SBR Overview

Paul MaddenProgram DirectorStandard Business Reporting

July 2010


Sbr vision l.jpg
SBR Vision

  • Reduction in the reporting burden for business

  • A single language for business to report to government

  • Reporting to government becomes a by-product of natural business systems/process

    • Government reports can be pre-filled from the data in accounting/payroll/business management software

    • Business’s own systems become their portal for reporting to government

    • Businesses will have one credential to report to all agencies

  • Reporting to Capital Markets and other businesses

    • Better investment decisions

    • Reduced cost and increased certainty

    • Access to more accurate and timely financial information


Who is implementing sbr l.jpg
Who is implementing SBR?

  • Government agencies include:

    • Treasury (lead)

    • Australian Prudential Regulation Authority

    • Australian Securities & Investments Commission

    • Australian Taxation Office

    • State and territory government revenue offices

    • Australian Bureau of Statistics (Taxonomy only)

  • Software developers and suppliers

  • Business & intermediaries


When is sbr being implemented l.jpg
When is SBR being implemented?

  • Government side has been implemented!

  • AUSkey implemented from 17 May 2010

  • All agencies able to receive reports from SBR from 1 July

  • Progressively supported by software systems for use by accountants and business from July 2010

  • Large Business Implementation methodology being pilotted


Key components l.jpg
Key components

  • Taxonomy

  • Core services

  • AUSkey


Taxonomy l.jpg
Taxonomy

  • Collective set of the reporting definitions across the agencies involved

  • Expressed using XBRL

  • allows consistent mapping from elements of data in business software

  • Map once consume many times

  • Compliant with IFRS, AASB and regulator reporting requirements

  • Used by SBR as the standard for data being exchanged between software and the agencies


Sbr reporting requirements l.jpg
SBR Reporting Requirements

  • Congruence with standards – IFRS, AASB, regulation

  • Voluntary versus mandate

  • International trends

  • Market comparison – decisions

  • Business benefits and take-up/adoption


Sbr contacts l.jpg
SBR Contacts

SBR@treasury.gov.au

 02 6263 3900

www.sbr.gov.au

  • The Treasury39 Brisbane Ave

    Barton, Canberra ACT 2612


ad
  • Login