Three new accounting standards are set to shake up the financial reporting landscape over the next two years. Directors need to be aware of these key changes to fulfil their financial responsibilities in the boardroom.
Special guest speaker Amitav Saha FCPA and Senior Lecturer at the University of Notre Dame Australia will join us to break down these reporting changes and highlight their implications for directors. In a brief 45-minute download, Amitav will cover:
- Background and reasons for issuing IFRS 9 (financial instruments), IFRS 15 (revenue recognition) and IFRS 16 (leases)
- Overview and impact of key reporting changes introduced by these three new standards
- Applicable dates, disclosures and reporting requirements
- The role of directors in dealing with implementation issues and challenges
In a recent media release ASIC Commissioner John Price said, ‘It is important that directors and management ensure that companies are prepared for these new standards and inform investors and other financial report users of the impact on reported results.’
Make sure you’re prepared for these new standards and join us for this exclusive member only Director Download event on August 29.
ASIC Media Release: 18-159MR Major changes affecting reported net assets and profit, and other focuses for 30 June 2018 reporting.
Members & Directors Coordinator (Programs)
T. 02 8248 2776