Accounting Roundup - May 2015

Article

Accounting Roundup - May 2015

Staying on top of financial reporting developments

This update discusses:

  • the decision made by the IASB to defer the effective date of the new Revenue standard; and
  • changes to discount rates used in respect of employee benefits due to an announcement made by the G100 on the existence of a deep market for high quality corporate bonds in Australia.

Other new pronouncements approved by the AASB include:

  • AASB 2015-6 Amendments to Australian Accounting Standards – Extending Related Party Disclosures to Not-for-Profit Public Sector Entities. 
Accounting Roundup May 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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