Get Additional Guidance On The Application Of Frs 5 ... - Nsw Treasury

This guide provides a comprehensive walkthrough for filling out the Additional Guidance on the Application of FRS 5 form as per NSW Treasury requirements. It is designed to assist users with varying levels of experience in navigating the online form effectively.

Follow the steps to successfully complete the form.

1. Press the ‘Get Form’ button to access the Additional Guidance on the Application of FRS 5 document and open it in your preferred editor.
2. Begin by carefully reading the introduction section of the document. This will provide context on the purpose and scope of the guidelines, ensuring that you have a clear understanding of what is required.
3. Proceed to Section 1 and fill in your information as prompted. Be sure to include accurate details that correspond with your role and the project type you are evaluating.
4. In Section 2, utilize the decision tree provided. This will guide you through determining asset control according to FRS 5. Make note of any relevant commercial risk factors that may impact control.
5. As you work through Sections 3 to 8, analyze the key risks associated with the project. Document your findings regarding demand risk, design risk, and any other factors specified, ensuring each is clearly delineated.
6. For each risk identified, provide a qualitative assessment based on the factors discussed in the guide. Be thorough as this forms the basis for your conclusions regarding who has control of the asset.
7. Once you have completed the qualitative analysis, follow up with a quantitative risk assessment as instructed in the subsequent sections. This will often involve calculations related to potential profit variations.
8. Finally, review all provided sections, ensuring all information is filled accurately, then save your changes. You may have options to download, print, or share the completed form as needed.

Complete your documents online today to ensure compliance and accuracy in your reporting.