• Accounting News - September 2019

In this issue

In this edition, we explain the AASB’s proposals to scrap special purpose financial statements as an option for certain for-profit private sector entities from 2021.

We continue to explore further aspects of the ‘triple threat’ accounting standards. This month we discuss how to determine whether fees charged by a lender fall within the scope of IFRS 15 or IFRS 9, we continue with our ‘Step five’ series, and are proud to launch our new video series on the impacts of IFRS 9, 15 and 16 on the natural resources sector.

Lastly, our not-for-profit section looks at how multi-year grants received are not automatically deferred to future periods merely because of the existence of refund obligations.





Download a copy of the September 2019 Edition of Accounting News.


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.