This page contains resources to guide you through the financial reporting requirements for presentation of financial statements.
BDO's monthly newsletter, Corporate Reporting Insights, keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.
* These articles deal with amendments to AASB 101 that may, for annual periods beginning on or after 1 January 2024, affect whether entities classify their liabilities as current or non-current. The amendments are contained in amending standard AASB 2020-1 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current and AASB 2022-6 Amendments to Australian Accounting Standards - Non-current Liabilities with Covenants (issued December 2022), which incorporates some but not all, of the proposals contained in ED 316 (refer to IFRB 2021-13 for details of the ED 316 proposals).
The following publications have been produced by the BDO Global IFRS group:
A high level overview of International Financial Reporting Standards (IFRSs), including International Accounting Standards and Interpretations.
Focus on the latest developments in international financial reporting.
* These IFR Bulletins deal with amendments to AASB 101 that may, for annual periods beginning on or after 1 January 2024, affect whether entities classify their liabilities as current or non-current. The amendments are contained in amending standard AASB 2020-1 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current and AASB 2022-6 Amendments to Australian Accounting Standards - Non-current Liabilities with Covenants (issued December 2022), which incorporates some but not all, of the proposals contained in ED 316 (refer to IFRB 2021-13 for details of the ED 316 proposals).
IFRS Interpretations Committee (the Committee) agenda decisions are those issues that the Committee decided not to take onto its agenda. Although not authoritative guidance, in practice they are regarded as being highly persuasive, and all entities reporting under IFRS should be aware of these decisions because they could impact the way particular transactions and balances are accounted for. Agenda decisions on this topic include:
FREQUENTLY ASKED QUESTIONS (FAQs) provide insights on a variety of IFRS topics. These FAQs incorporate BDO Global’s expertise as well as IFRS Interpretations Committee agenda decisions. Access to all FAQs on this topic can be accessed here. FAQs relating to IFRS Interpretations Committee agenda decisions can be accessed via IFRIC AGENDA DECISIONS. Other FAQs are listed individually below.
Improve your knowledge of accounting standards by purchasing our online training resources on a variety of financial reporting topics. Resources available on this topic include:
BDO's monthly newsletter, Corporate Reporting Insights, keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.
* These articles deal with amendments to AASB 101 that may, for annual periods beginning on or after 1 January 2024, affect whether entities classify their liabilities as current or non-current. The amendments are contained in amending standard AASB 2020-1 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current and AASB 2022-6 Amendments to Australian Accounting Standards - Non-current Liabilities with Covenants (issued December 2022), which incorporates some but not all, of the proposals contained in ED 316 (refer to IFRB 2021-13 for details of the ED 316 proposals).