BDO invites you to the Not For Profit Accounting Update for FY 2020 reporting to discuss the transition to the triple whammy of AASB 15, AASB 1058 and AASB 16. This technical seminar, run by BDO IFRS Advisory experts Wayne Basford and Susan Oldmeadow-Hall will assist you in preparing your 30 June 2020 year-end account.
30 June 2020 is fast approaching for companies to disclose the impacts of their transition to AASB 15 Revenue from Contracts with Customers, AASB 1058 Income for Not-For-Profit Entities, and AASB 16 Leases.
The new revenue standards requires disclosure of key decisions made in relation to the timing and amount of revenue recognition, and a significantly enhanced segment reporting note in addition to transition disclosures. Now is the time to get these disclosures right. Failure to do so runs the risk of audit delays.
In this practical accounting update, Wayne and Susan will run through the key issues to consider in transitioning to these new accounting standards.
- Transition to AASB 15 Revenue from Contracts with Customers
- Disclosures required in the full year financial statements on adoption of AASB 15
- Practical issues in implementing AASB 16 Leases
- Update on new accounting standards and interpretations
- Potential application issues we are seeing in the practice.
Who should attend
Chief Financial Officers, Financial Controllers, Finance Managers, Accountants and those involved in any aspects of financial or corporate reporting.
By Monday, 28 October, 2019
Please feel free to share with colleagues who may be interesed in attending.