Accounting roundup - February 2015

Analysis

Accounting Roundup - February 2015

Staying on top of financial reporting developments

AASB approved AASB 9 'Financial Instruments' in January 2015, which replaces AASB 139 'Financial Instruments: Recognition and Measurement', effective 1 January 2018.

Other new pronouncements approved by the AASB include:

  • AASB 2014-9 Amendments to Australian Accounting Standards – Equity Method in Separate Financial Statements
  • AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an investor and its Associate or Joint Venture
  • AASB 2015-1 Amendments to Australian Accounting Standards – Annual Improvements to Australian Accounting Standards 2012-2014 Cycle
  • AASB 9 Financial Instruments.
Accounting Roundup February 2015

Deloitte understands how hard it is to keep up with regulatory content, especially in light of the growing push towards global convergence of accounting standards.

Our Accounting Roundup has been specially designed to simplify things. Released on the first business day of each month, it provides a high-level and easy-to-read summary of financial reporting developments. We supply links to publications, alerts, new pronouncements, submissions and other relevant financial reporting information. Each issue also includes highlights of important developments.

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