• Accounting News - September 2016

In this issue

In this edition we continue our series on ‘Blind Freddy’ common errors, i.e. errors that are so obvious that even ‘Blind Freddy’ would spot them. Our seventh article in the 2016 series, and fifth relating to impairment, focuses on common errors in accounting for impairment, specifically when using fair value less costs of disposal to determine recoverable amount.

We look at recent developments with the anticipated standard on income recognition by NFPs, and also summarise financial reporting class orders that have recently been replaced with Legislative Instruments.

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

Download

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.