Topic: Accounting

Are your books up to date? Keep up-to-date on the compliance and regulatory information you need.


AASB Accounting Standards – Revised definition of not-for-profit (NFP) entity

On 9 September the AICD made a submission to the Australian Accounting Standards Board on their proposal to amend the definition of a not for profit entity and provide implementation guidance on the n...

Right of Use Assets of Not-for-profit entities (ie Peppercorn leases)

On 7 December 2018 the AICD responded to an Exposure Draft (ED) issued by the Australian Accounting Standards Board (AASB) ED 286 – Amendments to Australian Accounting Standards – Right-of...

The questions directors should ask to ensure organisations are ready for the new AASB 9, 15, 16 and ...

Aletta Boshoff, IFRS Advisory Partner at BDO in Australia, outlines the tough questions directors should be asking now.

Directors, are you across the new accounting standards?

ASIC Commissioner John Price says companies should focus on new requirements that can materially affect their assets, liabilities and profits for FY 18 financial reports.

AASB's 3 new accounting standards board directors should be across

The new AASB standards will affect how board directors and organisations tackle their accounts and financial reports.

Advocacy: In the Spotlight

Gender parity, International Women’s Day, the AICD’s annual not-for-profit survey and special purpose financial accounts are front of mind this month, writes Louise Petschler MAICD.

Bringing to life the value creation process in corporate reporting

The reporting process should be seen as an investment which can bring huge rewards, says Dr Carol Adams.

Advocacy: New Regulators at the Reins

New chiefs take the helm at both the Australian Securities and Investments Commission and the Australian Charities and Not-for-profits Commission, writes Louise Petschler MAICD.

Advocacy: Reform School

Sufficient time must be allowed to thoroughly examine proposed changes to laws and regulations to guarantee a fair and effective outcome. The overhasty review period for the Banking Executive Accounta...

Disclosure Initiative – Principles of Disclosure

On 4 September 2017 the AICD lodged a submission to both the Australian Accounting Standards Board and the International Accounting Standards Board on Discussion Paper DP/2017/1 Disclosure Initiative ...
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