In this issue
In this edition, we highlight key issues to consider when preparing December 2018 financial statements, as well as ASIC’s recently announced focus areas for its financial reporting surveillance of 31 December 2018 financial reports.
Following on from our article in last month’s newsletter, the AASB has issued its exposure Draft ED 286, which outlines how not-for-profit lessees will be able to defer the requirement to fair value its right-of-use assets subject to peppercorn leases. The IASB is also considering deferring the new insurance standard, IFRS 17 Insurance Contracts to 2022.
Lastly, we bring you the final article in our convertible note series, this month presenting an example of a mandatorily convertible note.
Download a copy of the December 2018 Edition of Accounting News.