• Accounting News - February 2016

In this issue

In this edition we examine the requirements of the new leases standard, IFRS 16 Leases and some of the impacts this may have for your business.

We also look at the International Accounting Standards Board’s recent amendments to IAS 7 Statement of Cash Flows and IAS 12 Income Taxes as well as why AASB 9 makes using options as hedging instruments more appealing.

Lastly, we draw your attention to some changes proposed by the Australian Securities and Investments Commission to class orders that would otherwise expire due to sunset clauses.

Download a copy of the February 2016 Edition of Accounting News.

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This publication has been carefully prepared, but is general commentary only. This publication is not legal or financial advice and should not be relied upon as such. The information in this publication is subject to change at any time and therefore we give no assurance or warranty that the information is current when read. The publication cannot be relied upon to cover any specific situation and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in Australia to discuss these matters in the context of your particular circumstances.

BDO Australia Ltd and each BDO member firm in Australia, their partners and/or directors, employees and agents do not give any warranty as to the accuracy, reliability or completeness of information contained in this article nor do they accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it, except in so far as any liability under statute cannot be excluded. Read full Disclaimer.