• 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