Accounting News, September 2015
16 September 2015
In this edition we review factors that are contributing to financial statements being overweight.
We also examine hedge accounting and why importers might choose to apply hedge accounting.
Lastly, we look at two new exposure drafts issued by the Australia Accounting Standards Board, one proposing to remove the Australian references to ‘depreciated replacement cost’ as a proxy for value in use in AASB 136 Impairment of Assets, and the other proposing more disclosures for not-for-profit entities about service performance.
In this issue
- Are your financial statements overweight?
- What is hedge accounting? ... Why importers might choose to apply hedge accounting
- Is there a difference between ‘current replacement cost’ as a measure of fair value (AASB 13) and ‘depreciated replacement cost’ as a measure of value in use (AASB 136)?
- More disclosure proposed for not-for-profit entities about service performance
- New BDO publications
- Comments sought on exposure drafts.