Welcome to the second issue of The Bottom Line, our quarterly newsletter that aims to keep you in the loop with all the latest accounting and financial reporting developments, and the potential impact they may have on your business.

In this issue, we take a look at determining the transaction price under the new revenue standard. We discuss the discount rate to use when bringing leases on balance sheet, as required by AASB 16 Leases. We also share recent developments relating to special purpose financial statements.