Carmen Ridley on accounting for revenue not earned from a customer – AASB 15, AASB 18, AASB 19, AASB 9. How do they all relate?
Author: Carmen Ridley, Principal – Australian Financial Reporting Solutions (www.afrs.com.au). Member of the AASB, and a specialist consultant for CaseWare Australia & New Zealand. The panic has finally kicked in I have been presenting about the changes to the revenue accounting standard AASB 15 for a number of years, since IFRS 15 was issued in May 2014 (followed by AASB … Read More
Significant Global Entities (SGE) – more entities captured? Our financial reporting content expert Carmen Ridley, explains that many more entities might be needing to prepare General Purpose Financial Statements (GPFS) which will be placed on the public record. The deadline for SGE’s to lodge general purpose financial statements (GPFS) with the Australian Taxation Office (ATO) for the first time has … Read More