Financial statements can be difficult to understand for those who don’t have a strong finance or accounting background.

Impairment (the provision for doubtful debts) aims to ensure the carrying amount of loans/other financial assets aren't overstated.

Not-for-profit entities were given an extra year to get ready for these new standards. Don’t waste the benefit, as you will need to deal with both these standards, and at the same time deal with the new leasing standard AASB 16.

We have a fraud risk susceptibility framework that can help with conducting fraud risk assessments.

We have completed part one of our ‘renos’ and can’t wait to show you our new look.

Are you ready?

Accounting standard AASB 9 Financial Instruments has started. It started 1 January 2018 if you have a December year end and started 1 July 2018 if you have a June year end.

AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning on, or after, 1 January 2018.

This checklist covers some key questions you should consider.

Regarding your entity and the transition to AASB 9 Financial instruments: 

We host events each year to raise awareness of emerging issues related to public sector and local government performance.

The new standard AASB 1058 Income of Not‑for-Profit Entities