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Are you ready for mandatory climate-related financial disclosures?
Climate-related financial disclosures will become mandatory from 1 January 2025 onwards. The requirements will be phased in over three years. Entities within scope will be required to lodge an audited sustainability report along with the audited financial statements. Learn more about the new requirements here.
Do you settle financial liabilities using electronic payments?
This publication summarises numerous amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures. The amendments clarify, inter alia, that a financial liability is derecognised on the ‘settlement date’ and introduce an accounting policy choice to derecognise financial liabilities settled using an electronic payment system before the settlement date. Read it here.
AASB issues narrow-scope amendments to Australian Accounting Standards
This publication summarises the IASB’s amendments and improvements made to various IFRS standards, which have been incorporated into the Australian Accounting Standards by the AASB in response to IFRS amendments. The amendments apply to annual reporting periods beginning on or after 1 January 2026. Earlier application is permitted. Learn more about the updates here.
Standards and interpretations in issue 30 September 2024
This publication outlines the latest IFRS pronouncements and amendments that are effective as at 30 September 2024. Download this useful resource here.
Not-for-profit financial reporting and tax update December 2024
This publication outlines the latest developments in financial reporting and taxation for private sector not-for-profit entities, as well as an update on the ongoing AASB not-for-profit projects. Access the publication here.
Have you taken a closer look at the IFRS 18 requirements?
This publication focuses on the detailed requirements of IFRS 18 Presentation and Disclosure in Financial Statements and offers practical application guidance. IFRS 18 is effective for reporting periods beginning on or after 1 January 2027 and replaces IAS 1. Read it here.