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Clarity in financial reporting
Financial reporting is changing rapidly. Our Accounting Technical team keeps you up-to-date with our newsletters.
Our regular Clarity newsletters keep clients up to date with announcements, emerging issues and any uncertainties in financial reporting interpretation. New subscribers can register to be added to our distribution list. Subscribers receive a monthly email with a summary of key actions, developments and dates.
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Leases - A guide to AASB 16
Clarity publications
2020
- Removal of special purpose financial statements
May 2020 - A diagnosis for your impairment assessment
April 2020 - Disclosure of climate-related risks
February 2020
2019
- Learnings from ASIC findings - considerations for next reporting season
November 2019 - Proposals to eliminate special purpose financial statements for most for-profit entities and introduce new ‘Tier 2’ financial statements
October 2019 - Non-IFRS measures – enhancements or embellishments?
July 2019 - Proposed disclosures in special purpose financial statements
July 2019 - ASIC focus areas for June 2019 reporting
June 2019 - Proprietary company classification threshold increases
May 2019 - Understanding the 'general purpose financial statements' requirements for significant global entities
May 2019 - Measurement of expected credit losses for intercompany loan assets with no documented contractual term
May 2019 - Schools - Accounting for waitlist and enrolment fees under the new revenue standards
April 2019 - ASIC Findings from 30 June 2018 financial reports
February 2019 - Long-term interests in equity accounted investees
January 2019
2018
- ASIC focus areas for December 2018
December 2018 - AASB 15 disclosure in the year of adoption and beyond - what you need to know
December 2018 - Applying the expected credit loss model to trade receivables using a provision matrix
July 2018 - Implications of supplier finance arrangements on trade payables
July 2018 - Disclosing the adoption of new accounting standards in half-year financial statements
May 2018 - Presentation of Research Development (RD) tax offset
March 2018
- Impact of electing to be an Attribution Managed Investment Trust (AMIT) – are the units debt or equity
March 2018 - ASIC focus areas December 2017
February 2018
2017
- Clarity in financial reporting - Understanding 'general purpose financial statements' under tax law
October 2017 - Income for NFP - detailed report
October 2017 - Clarity in financial reporting - General Purpose Financial Statements
October 2017 - Clarity in financial reporting - The Remuneration Report
July 2017 - ASIC focus areas June 2017
June 2017 - Focusing on impairment issues for June 2017
May 2017 - Trail Commissions Impact of AASB 9 Financial Instruments - AASB 15 Revenue from Contracts with Customers
April 2017 - Clarity in financial reporting - ASIC focus areas for December 2016 year ends
February 2017
Old editions of newsletters back to 2009 are available. If you are interested in obtaining copies, please contact us.
Thinking allowed - The new lease accounting