The Department of Treasury and Finance has released the latest update of the Financial Administration Bookcase (FAB).
The Department of Treasury and Finance has released the latest update of the Financial Administration Bookcase (FAB) .
Accountable authorities and chief finance officers should ensure employees are aware of requirements in the new and amended Treasurer's instructions.
What's new in Update 98
The Model Annual Reports have been updated and are available in both Word and PDF format.
The Treasurer's instructions have been updated to:
- clarify approval requirements for Key Performance Indicators, including circumstances where changes require Treasurer approval; and
- refine certain accounting and reporting provisions to align with current standards and policy settings.
The Treasurer's Guidance Handbook has been updated to:
- enhance guidance supporting the Financial Management Framework, including clearer application across different entity types;
- strengthen guidance on Key Performance Indicators, including updated approval pathways and improved clarity on reporting and approval requirements;
- improve guidance on asset valuation, including clearer direction on fair value measurement and treatment of associated costs;
- introduce additional guidance on the governance and review of Special Purpose Accounts;
- update templates, forms and reporting processes to improve clarity, consistency and usability (including streamlined Resource Agreement templates and certification processes); and
- incorporate minor editorial updates across all chapters to improve readability and consistency.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
