• Accounting News - June 2020

In this issue

In this edition, we provide an update on what’s new for 30 June 2020 financial statements. We also discuss the hot topic of coronavirus, including how to account for COVID-19-related rent concessions, the presentation of COVID-19 results, accounting for the initial and additional ‘cash boost’ government stimulus measures and impacts of COVID-19 on revenue recognition, share-based payments and termination benefits.

Lastly, in our Australian developments section we demonstrate ASIC’s expectation for disclosure of auditors’ remuneration by ASX 300 and other ASX listed entities, and in international developments, we present our latest eLearning modules addressing the IFRS Interpretations Committee’s agenda decisions from January to April 2020.

WHAT’S NEW FOR 30 JUNE 2020?

CORONAVIRUS UPDATE

AUSTRALIAN DEVELOPMENTS

INTERNATIONAL DEVELOPMENTS

TRAINING OPPORTUNITIES

NATURAL RESOURCES

OTHER

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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