Technical

  • Do you have a peppercorn lease? Peppercorn leases are leases with nominal rent. This might be $1, or even as low as a peppercorn.

    In

    Leases—Peppercorn leases updated

    Published February 2019 Technical

    Do you have a peppercorn lease? Peppercorn leases are leases with nominal rent. This might be $1, or even as low as a peppercorn.

    In

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  • Here's what you need to do.

    When you are analysing the effect of the new revenue and income standards for not-profit entities,

    Are you using the correct versions of AASB 15 and AASB 1058?

    Published January 2019 Technical

    Here's what you need to do.

    When you are analysing the effect of the new revenue and income standards for not-profit entities,

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  • AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning

    Revenue—transition under AASB 15

    Published November 2018 Technical

    AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning

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  • This checklist covers some key questions you should consider.

    Regarding your entity and the transition to AASB 15 Revenue

    Checklist—how ready are you for AASB 15 and AASB 1058?

    Published November 2018 Technical

    This checklist covers some key questions you should consider.

    Regarding your entity and the transition to AASB 15 Revenue

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  • Queensland Treasury Financial Reporting Requirements (FRRs) for 2017–18 are available online.

    Not all entities have to comply

    FRRs and the new accounting standards

    Published November 2018 Technical

    Queensland Treasury Financial Reporting Requirements (FRRs) for 2017–18 are available online.

    Not all entities have to comply

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  • 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

    Some examples—AASB 15 and AASB 1058

    Published November 2018 Technical

    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

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  • This checklist covers some key questions you should consider.

    Regarding your entity and the transition to AASB 9 Financial

    Checklist—how ready are you for AASB 9?

    Published November 2018 Technical

    This checklist covers some key questions you should consider.

    Regarding your entity and the transition to AASB 9 Financial

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  • AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning

    Revenue—the Five Step Model for AASB 15

    Published November 2018 Technical

    AASB 15 applies to both for-profit and not-for-profit entities. For-profit entities must apply AASB 15 for financial years beginning

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  • The new standard AASB 16 Leases was issued over two years ago, in February 2016. The broad intention of the standard is to put

    Leases—an overview of AASB 16

    Published October 2018 Technical

    The new standard AASB 16 Leases was issued over two years ago, in February 2016. The broad intention of the standard is to put

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

    AASB 1058 Income of Not‑for-Profit Entities will

    Income of not-for-profit entities—AASB 15 and AASB 1058 overview

    Published October 2018 Technical

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

    AASB 1058 Income of Not‑for-Profit Entities will

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