Special Purpose Disclosures for NFP Financial Statements. AASB 2019-4 requirements summary relating to AASB 1054.

CaseWareAASB 1058, Accounting Standards, Carmen Ridley, CaseWare News, Financial Reporting, Legislation & Regulation

Financials template expert content provider & AASB member Carmen Ridley summaries the latest information regarding the recently released update to AASB 2019-4 and how to decide on the disclosures required. AASB 2019-4  Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements will affect all not-for-profit (NFP) entities … Read More

Peppercorn Leases & the New Revenue Standard AASB 1058: Right-of-Use Asset at Fair Value

CaseWareAASB 1058, Accounting Standards, Carmen Ridley, Financial Reporting

The following just in ‘hot off the press’ from our financial reporting content expert, Carmen Ridley AASB member. An update from the Nov 2018 meeting has been added to this article. The accounting treatment of peppercorn leases under the new revenue standard AASB 1058 Income of NFP Entities has caused significant discussion in relation to the recognition of a right-of-use … Read More