Chart of Accounts

<p><b>Standardisation of Chart of Accounts&#160;for Special Purpose Financial Reporting Entities - Australia</b>

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This chart of accounts is designed as a taxonomy with parent child relations.i.e. Current Assets is a child of Assets.&#160;Income Tax Payable is a child of Australian Tax Office Payables.

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Sideways lines are called 'Jumps'. A jump relation can impart additional, useful knowledge about a topic. i.e. you'll notice that there is a 'jump' from Chart of Accounts to Accounting.

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Some benefits of this Chart of Accounts Taxonomy -&#160;</p>

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<li>Provides a framework for informing client-side account Chart of Account design&#160;</li>

<li>Provides a resource that allows information about certain account line item categories to be discovered &#38; researched with ease</li>

<li>Facilitates automation of reporting with the right software</li>

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