Take this opportunity to hear from Carmen Ridley, a former member of the Australian Accounting Standards Board, a Member of GAAP Consulting Network and Principal of Australian Financial Reporting Solutions, and Michelle Warren, HLBs Director of Financial Reporting on recent financial reporting developments and other regulatory matters you need to be aware of.
The key takeaways were:
- From 1 July 2021, many for-profit private sector entities must prepare general purpose financial statements.
- Lease modifications and re-assessments – do you need to review your lease accounting?
- There have been some recent developments around SaaS arrangements which may result in some previously capitalised items being expensed.
- This fiscal year is the last opportunity to access the Tax Loss Carry back (includes 31 December 2021) balances.
Click here to download the slides.
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