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What do operating segments reveal about impairment?
Changes in operating segments are closely tied to impairment testing. Awareness of this correlation is especially important where goodwill is allocated to a cash-generating unit that is impacted by a change in operating segments. This publication offers practical guidance on identifying operational changes that may affect operating segments and could lead to impairment testing. Access the publication here.
New: Illustrative climate-related disclosures for Australian entities
Listed and unlisted Australian entities are now required to lodge a sustainability report for financial years commencing as early as 1 January 2025. Navigating the AASB S2 Climate-related Disclosures can be challenging, and requirements may evolve over time. This publication, along with a detailed checklist, has been developed to assist companies with meeting their disclosure requirements.
How to account for nature-dependent electricity contracts?
Nature-dependent electricity contracts are exposed to supply variability, and may result in the recognition of a financial instrument. Conversely, an ‘own-use exception’ exists in circumstances where an entity is a ‘net purchaser’ of electricity. This publication explains the impact of recent amendments on the scope, measurement, hedge accounting and disclosure requirements for these contracts, effective 1 January 2026. Learn more here.
How have recent amendments changed the classification and measurement of financial instruments?
This document offers detailed guidance on the implications of the recent amendments. It focuses on assessing contractual cash flow characteristics for the classification of financial instruments, as well as the timing of the recognition and derecognition of financial assets and liabilities. Additional disclosure requirements are also discussed in this publication.
Is your business exposed to hyperinflationary economies?
This publication provides a summary of countries that are considered hyperinflationary as at 31 December 2024 for accounting and reporting purposes. Exposure to hyperinflationary economies should be regularly reviewed to identify any accounting complexities which may arise. Read the publication here.
New Australian Reporting pronouncements at 31 December 2024
This publication summarises the latest reporting pronouncements applicable for 31 December 2024 year-ends. It provides an overview of each new or amended pronouncement, distinguishing between those that must be applied for the first time in 31 December 2024 year-ends, and those which may be applied early. Access it here.