Clarity in financial reporting - April 2022

Article

Simplified Disclosures framework webcast

Understanding the removal of the reporting entity concept and the new Tier 2 'Simplified Disclosures' framework

This special edition webcast:

  • Provides a summary of the Simplified Disclosure requirements arising under AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities
  • Outlines which entities are required to apply Simplified Disclosures
  • Explains the transition process, including a worked example of AASB 1's 'short-cut consolidation' method.

Published : April 2022

Did you find this useful?