Accounting News, April 2013

21 April 2013

Tim Kendall , National Leader, Audit & Assurance |

In this edition we take a detailed look at the IASB’s proposals relating to impairment of financial instruments and dealing with accounting for expected credit losses. We also look at a rejection by the IFRS Interpretations Committee and the AASB’s proposed guidance for not-for-profit entities applying AASB 10 Consolidated Financial Statements and AASB 12 Disclosure of Interests in Other Entities.

In this issue

  • More on the exposure draft for impairment of financial instruments
  • IFRS Interpretations Committee rejection on accounting treatment for reverse acquisitions that do not constitute a business
  • AASB proposes Australian implementation guidance for consolidated financial statements of not-for-profit entities
  • New BDO publications
  • Comments sought on exposure drafts