• Accounting News - September 2017

In this issue

In this edition, we remind entities that time is running out to implement the ‘triple threat’ three new accounting standards on revenue, financial instruments, and leases.

We also include a checklist of questions for directors and CEOs of charities to ask when reviewing the 30 June 2017 financial report.

Our ‘Blind Freddy’ series this month continues with a focus on common errors made by preparers of financial statements on the relatively straight forward standard, AASB 102 Inventories.

Finally, we summarise some recent agenda decisions by the IFRS Interpretations Committee on issues that will not be taken onto its agenda. These are worth noting because the approach taken in agenda decisions will be followed by securities regulators worldwide.

Download a copy of the September 2017 Edition of Accounting News.