In this issue
Application dates for first time adoption of the ‘triple threat’ accounting standards is just around the corner. In this edition we highlight some of the complexities on perceived ‘easy’ parts of the new revenue and financial instruments standards.
We also continue our series articles, common errors when accounting for PPE (depreciation issues), and convertible notes, this month illustrating a detailed example of accounting for a convertible note which includes an embedded derivative liability.
Lastly, directors may be interested to read about the new ‘safe harbour’ rules which provide some relief from the strict insolvent trading provisions in s588G.
Download a copy of the May 2018 Edition of Accounting News.