• Accounting News - June 2017

In this issue

In this ‘end of financial year’ edition, we highlight accounting standards and other regulatory changes that may impact your 30 June 2017 financial reports, as well as ASIC focus areas for their financial reporting surveillance on 30 June 2017 financial reports of listed and other unlisted entities.

We continue our series on ‘Blind Freddy’ common errors, i.e. errors that are so obvious that even ‘Blind Freddy’ would spot them. Our twelfth article in the 2016-2017 series is the third installment, focusing on common errors when presenting financial statements under AASB 101 Presentation of Financial Statements.

We also point you to resources from the AASB, on how changes are made to accounting standards for not-for-profit entities, and from APRA on loan provisioning under AASB 9.

Download a copy of the June 2017 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.

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