Newsletter:

Accounting News, October 2014

21 October 2014

Sheryl Levine |

In this edition we continue our series on examining the practical implications of significant changes made to the ASX Corporate Governance Principles impacting listed entities from 1 July 2014. We also look at latest releases by the International Accounting Standards Board (IASB), including annual improvements for the 2012-2014 cycle, and clarification of accounting for the sale or contribution of assets between an investor and its associate or joint venture, as well as guidance issued by the Australian Charities and Not-for-profits Commission (ACNC) for 30 June 2014 financial reports.

In this issue

  • Attention directors – ASX Corporate Governance changes – Part 3
  • Worldwide attention on the use of non-GAAP measures
  • IASB approves annual improvements for 2012-2014 cycle
  • IASB clarifies accounting for the sale or contribution of assets between an investor and its associate or joint venture
  • ACNC issues guidance for financial reports
  • Seeking implementation issues of new financial asset impairment requirements
  • New BDO publications
  • Comments sought on exposure drafts